Data Farming DF16 Completed, DF17 Started
Stakers can claim DF16 rewards. DF17 runs Dec 22-Dec 29 2022
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 consumption 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 16 (DF16) is part of DF Beta. DF16 counting started 12:01 am Dec 15, 2022 and ended 12:01 am Dec 22, 2022. 50K OCEAN worth of rewards were available. LPs can now claim rewards at the DF webapp Claim Portal.
DF17 is part of DF Beta. Counting started 12:01am Dec 22, 2022.
DF17’s reward function and parameters are identical to those of DF9-DF16, which are described in the DF9 launch post.
The rest of this post describes how to claim rewards and DF17 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.
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. DF17 Details
DF17’s reward function and parameters are identical to those of DF16.
DF17 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, the 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 behaviour. Updates are always announced at the beginning of a round, if not sooner.
Further Reading
The Data Farming Series post collects key articles and related resources about DF.
