Data Farming DF25 Completed, DF 26 Started

Stakers can claim DF25 rewards. DF26 runs Feb 23-Mar 2, 2023.

Data Farming #26 has arrived. DF26 is a part of DF Beta, where users can earn rewards up to 100K $OCEAN while contributing to the refinement of Data Farming and Ocean technology.

Data Farming #25 introduced an updated reward function, where Publishers now receive a 2x effective stake! All veOCEAN that a publisher has allocated (“staked”) to an asset they’ve published is treated as 2x stake for the rewards calculation.

Now, Data farming #26 and on enters a step closer to DF Main. Details of DF Main can be found here. For reference about the new publisher rewards overview from DF25, read the description blog post here.

DF26 is live and will concluded until Thursday, Mar 2, 2023.

1. Overview

The Ocean Protocol Data Farming program incentivizes the consumption of data assets in the Ocean ecosystem. It rewards stakers with OCEAN who allocate liquidity to curate data assets with high data consume volume (DCV).

DF rewards OCEAN to pool liquidity providers (stakers) as a function of consume volume and liquidity. It’s like DeFi liquidity mining, but tuned for data consumption. DF’s aim is to achieve a minimum supply of data for network effects to kick in, and once the network flywheel is spinning, to increase growth rate.

To participate, users lock OCEAN to receive veOCEAN, then allocate veOCEAN to promising data assets (data NFTs) via the DF webapp.

DF Round 25 (DF25) is part of DF Beta. DF25 counting started 12:01am Feb 16, 2022 and ended 12:01am Feb 23, 2023. 75K OCEAN worth of rewards were available.

Active Rewards are available, and Curators can now claim Active Rewards at the DF webapp Claim Portal.

The rest of this post describes how to claim rewards (section 2), and DF25 overview (section 3).

2. How To Claim Rewards

As a Curator, follow these step on how to claim rewards:

• Go to DF webapp Claim Portal
• Connect your wallet
• Active Rewards are distributed on Ethereum mainnet. Click “Claim”, sign the tx, and collect your rewards

Rewards 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. DF26 Overview

DF26 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 75,000 $OCEAN.
• 50% of the budget goes to passive rewards (37,500 $OCEAN) — rewarding users who hold veOCEAN (locked OCEAN)
• 50% of the budget goes to active rewards (37,500 $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.

Conclusion

DF25 has completed. To claim rewards, go to DF webapp Claim Portal.

DF26 begins Feb 23, 2023 at 12:01am UTC. It ends Mar 2, 2023 at 12:01am UTC.

DF26 is part of DF Beta. The Rewards budget is 75K $OCEAN.

Further Reading

The Data Farming Series post collects 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.