Data Farming DF10 Completed, DF11 Started
Stakers can claim DF10 rewards. DF11 runs Nov 10–17 2022
[Originally published by @trentmc0 on Nov 10, 2022. We’ve re-published to @TeamOcean to better organize archival posts. Please treat the article as if it was published on its original date.]
1. Overview
The Ocean Data Farming program incentivizes the growth of data consume volume in the Ocean ecosystem. It rewards OCEAN for stakers who allocate liquidity to curate data asset with high data consume volume (DCV).
To participate, users lock OCEAN to receive veOCEAN, then allocate veOCEAN to promising data assets (data NFTs) via the DF webapp.
DF Round 10 (DF10) is part of DF Beta. DF10 counting started 12:01am Nov 3, 2022, and ended 12:01am Nov 10, 2022. 50K OCEAN worth of rewards were available. LPs can now claim rewards at the DF webapp Claim Portal.
DF11 is part of DF Beta. Counting started 12:01am Nov 10, 2022.
DF11’s reward function and parameters are identical to those of DF10 and DF9, which are described in the DF9 launch post.
The rest of this post describes how to claim rewards, and DF11 details.
2. How To Claim Rewards
As an LP (staker), here’s how to claim rewards:
- Go to DF webapp Claim Portal
- Connect your wallet
- Rewards are distributed on Ethereum mainnet. Click “Claim”, sign the tx, and collect your rewards
Rewards will accumulate over weeks so you can claim rewards at your leisure. If you claim weekly, you can re-stake your rewards for compound gains.
3. DF11 Details
DF11’s reward function and parameters are identical to those of DF10 and DF9.
DF11 is part of DF Beta. DF Beta’s aim is to test the effect of larger incentives, learn, and refine the technology. DF Beta may run 10–20 weeks. In any given week of DF Beta, total budget may be as low as 10K $OCEAN or as high as 100K $OCEAN.
Some key numbers:
- Total budget is 50K $OCEAN
- 50% of the budget goes to passive rewards (25K $OCEAN) — rewarding users who hold veOCEAN (locked OCEAN)
- 50% of the budget goes to active rewards (25K $OCEAN) — rewarding users who allocate their veOCEAN towards productive datasets (having DCV).
- Ocean currently supports five production networks: Ethereum Mainnet, Polygon, BSC, EWC, and Moonriver. DF applies to data on all of them.
As usual, the Ocean core team reserves the right to update the DF rewards function and parameters, based on observing behavior. Updates are always announced at the beginning of a round, if not sooner.
Further Reading
The Data Farming Series post collects together key articles, and related resources about DF.
Follow Ocean Protocol on Twitter, Telegram, or GitHub for project announcements. And chat directly with the Ocean community on Discord.
