Peapods is live on Mode

Published on: 12.05.2024
Peapods is live on Mode

Peapods is live on Mode Network. This strategic decision shows a joint effort with the Mode team to position Peapods as a crucial component of their ecosystem.

Integrating Peapods into Mode L2 gives users real benefits such as improved scalability and lower transaction costs. This move highlights their dedication to enhancing accessibility and efficiency in DeFi.

The partnership between Peapods and Mode involves a tight collaboration to provide creative solutions and a smooth user experience. Their joint focus is maximizing Volatility Farming strategies’ advantages across numerous projects in the Mode L2 ecosystem.

Introducing Peapods

Peapods is a decentralized, permissionless, and trustless on-chain volatility farming protocol with zero dependency on oracles or external price feeds. Peapods enable users to capitalize on the inexhaustible volatility of crypto markets to unlock yield opportunities for any liquid asset.

What do Peapods have to offer?

  1. Fully decentralized, self-custodied, & trustless: smart contract code manages 100% of fund logic and collateral
  2. Immutable fund weight per token so no dependency on oracles or external feed providers
  3. Fully collateralized pods at all times fully reviewable and auditable on-chain
  4. More pods and more volatility, means more yield being earned by LPs on its deflationary rewards asset, PEAS

Peapods provide users with the tools required to farm volatility and earn a yield on any liquid asset. With Peapods, users can wrap any one or more liquid assets into a single ERC-20 token.

Introducing Mode

Mode is the Modular DeFi L2 building the Superchain alongside Optimism. 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. Mode builds new onchain economic systems to enable developers to scale their applications and provide higher yields for users. If you have ever deployed to any EVM chains, you can deploy to Mode quickly and easily.

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