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[Feature]: Create MODE deployment #22

Open apeir99n opened 6 months ago

apeir99n commented 6 months ago

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de-snake commented 6 months ago

Bridges info:

  1. ezETH is bridged to Mode via Connext. The process is not very fast. In Renzo discord people say that Mode-Ethereum bridging can take more than 5 hours. Had 4 audits from 0xmacro.com in 2023. Never been hacked.

  2. rsETH is bridged to Mode via Stargate. The process is fast in both directions. Audited by Zellic, Zokyo and Quantstamp in 2022. Never been hacked. To use rsETH in DeFi it needs to be wrapped into wrsETH, but only rsETH can be bridged. There is a limit for unwrapping wrsETH (now limit is 0 in Mode, so no wrsETH can be unwapped and thus be bridged to Ethereum).

Seem not to be very arbitrageable in the events of price drops on Mode. The highest deviation for wrsETH was 2%, price was less than 0.99 of for an hour on April 20'th. ezETH price depegged by 1.6% and was depegged by more than 1% for 3 hours on April 14'th. Depegged by 1% on Apr 2'nd. (Depegs from mint prices, not from oracle prices)