Leading global cryptocurrency exchange and Web3 company Bitget has announced the listing of MODE (MODE) on its PoolX platform. MODE, which stands for Modular DeFi L2 and is supported by Optimism, is an innovative project aimed at revolutionizing decentralized finance (DeFi) on Layer 2 solutions.
PoolX is Bitget’s latest product, allowing users to earn popular tokens by staking specific cryptocurrencies. Each project on PoolX has one or more mining pools, with token rewards distributed hourly based on participants’ staking amounts. Each mining pool on PoolX calculates its Annual Percentage Rate (APR) separately, providing users with various opportunities to maximize their token earnings. Additionally, users can redeem their staked tokens flexibly at any time, with the staked assets automatically returned to their spot accounts after the mining period ends. With the addition of MODE, Bitget will continue to expand its product range and provide users with promising cryptocurrency projects.
Mode’s mission is to enable developers and users to build and participate in a thriving ecosystem of world-class applications, while being rewarded for their contributions. As a modular DeFi L2, Mode aims to establish a new on-chain economic system that assists developers in scaling their applications and provides users with higher returns.
One of Mode’s key features is its ease of use for developers. If they have deployed on any Ethereum Virtual Machine (EVM) chain before, they can quickly and easily deploy to Mode. Developers can build experimental DeFi applications on Mode, receive support to scale their projects, and earn income through sequencer fee sharing and developer airdrops.
Gracy Chen, General Manager of Bitget, expressed excitement about welcoming MODE to the Bitget PoolX platform. The decentralized financial innovation approach of MODE aligns perfectly with our mission to provide leading projects for our users. We look forward to the impact that MODE will bring to the DeFi ecosystem.
Bitget is currently one of the top ten global spot cryptocurrency trading platforms, offering over 700 cryptocurrencies and more than 800 trading pairs. With the launch of pre-market trading, Bitget will continue to innovate and provide more trading solutions to meet the needs of cryptocurrency traders and investors.
About Bitget
Founded in 2018, Bitget is a leading global cryptocurrency exchange and Web3 company. Bitget currently serves over 25 million users in more than 100 countries worldwide, dedicated to helping users trade more intelligently through its pioneering copy trading feature and other trading solutions.
Bitget Wallet, formerly known as BitKeep, is a world-class multi-chain cryptocurrency wallet that provides a comprehensive range of Web3 solutions and features, including wallet functionality, exchange, NFT market, DApp browser, and more. Bitget encourages the adoption of cryptocurrencies through partnerships with Argentine football legend Lionel Messi and official esports event organizer PGL.
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