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Effective URL: https://docs.modemax.io/
Submission: On June 20 via api from US — Scanned from DE
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MODEMAX SearchCtrl + K * 👋Welcome to ModeMax * Overview * Introduction * Tokenomics * The Features * Parameters * Terminology * Product Mechanism * How To Earn * MLP * Players * Earn Yield * Rewards * Fees * Liquidation * Trading * One-Click Trading * Fundamentals * Community * Audits * Media Kit Powered by GitBook 👋WELCOME TO MODEMAX WHAT IS MODEMAX ModeMax is a pioneering native decentralized spot and perpetual exchange that provides leverages of up to 50x. It offers low swap fees, minimal price impact trades, cross-margin functionality, and supports multi-asset collateral on Mode. ModeMax utilizes Pyth as its primary price feed oracle, supplemented by a self-updating on-chain price tracker as a secondary backup source. This dynamic pricing mechanism plays a crucial role in determining optimal positions for liquidation. WHY BUILD ON MODE Mode is the Modular DeFi L2 building the Superchain alongside Optimism. It builds new onchain economic systems to enable developers to scale their applications, provide higher yields for users. If you have ever deployed to any EVM chains you can deploy to Mode quickly and easily. The goal of Mode is to empower developers and users to grow an ecosystem of world-class applications and be directly rewarded for their contribution. Building on Mode offers developers scalability, cost-effectiveness, and robust support: Scalability and Low Fees: Mode, part of the Modular DeFi L2 alongside Optimism, provides high-performance Layer 2 solutions with over 95% lower fees than Ethereum, making transactions fast and affordable. Developer Empowerment: Mode's modular infrastructure and EVM chain compatibility enable quick deployment of applications, fostering innovation and rapid development cycles. Economic Incentives: Mode introduces incentives like Sequencer Fee Sharing and developer airdrops, rewarding contributions and encouraging community growth. Access to Funding: Developers can tap into Optimism's RPG Funding program, supported by Mode's assistance in the application process. Contribution to Ecosystem: Building on Mode not only benefits individual projects but also contributes to growing Optimism's Superchain ecosystem as a major DeFi hub. In essence, Mode empowers developers with a scalable, cost-effective platform, economic incentives, funding opportunities, and community growth within Optimism's Superchain ecosystem. NextIntroduction Last updated 1 month ago On this page * What is ModeMax * Why build on Mode