BMX on Mode

BMX has deployed on Mode, an exciting and rapidly growing L2 network built on Optimism Superchain. All mechanics are mostly the same as BMX on Base, with the liquidity token MLT composed of ETH, Wrapped eETH, Wrapped BTC, MODE, and USDC. Similar to BLT on our deployment on Base, MLT earns fees from all trading activity on BMX on Mode.

The wrapped liquidity token, wMLT, has all the benefits expected from the Yearn-architectured wrapped liquidity vault token, wBLT. These include automatically compounding rewards, possible advantageous liquidity with other tokens in DEX pairs, and enhanced borrowing power due to the automatically compounding rewards, increasing its value over time, essentially self-repaying debt.

With integration on DEXes and aggregators, swaps routed and executed through the MLT liquidity pool involving tokens in the MLT basket will accrue fees, increasing compounding rewards for wMLT. This makes wMLT a robust, efficient, and powerful token to pair with other tokens.

Bridge

BMX token supply is unchanged, and users can easily bridge from Base to Mode through Transporter, powered by Chainlink CCIP. Bridge BMX now with this pre-populated direct link: https://app.transporter.io/?from=base&tab=token&to=mode&token=BMX (opens in a new tab)

BMX LP Staking

Users may stake BMX-wMLT on Velodrome to currently earn MODE rewards (rewards will transition to VELO emissions once live): https://velodrome.finance/liquidity?query=bmx (opens in a new tab)

Summary

With everything in place, yield is as easy and familiar as it gets. Stay tuned for more as we continue building on Mode.