Data Farming DF6 Completed, DF7 Started
Stakers can claim DF6 rewards. DF7 runs Oct 13 - 20, 2022
1. Overview
The Ocean Data Farming program incentivizes the growth of data consumption volume in the Ocean ecosystem. It rewards OCEAN for stakers who allocate liquidity to curate data asset with high data consume volume (DCV).
In order to participate, users must lock up their OCEAN to receive veOCEAN and then allocate veOCEAN to promising data assets (data NFTs) via our Data Farming portal.
DF Round 6 (DF6) is DF/VE Alpha week 2. DF6 counting started 12:01am Thu Oct 6, 2022, and ended 12:01am Oct 13, 2022. 10K OCEAN worth of rewards were available. Stakers can now claim rewards at the DF webapp.
DF7 counting started 12:01am Oct 13, 2022.
The rest of this post describes how to claim rewards, and info about DF7 parameters.
2. How To Claim Rewards
As a 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. DF7 Parameters
For DF7, there are no changes to the DF Rewards Formula or otherwise. Here are some key parameters.
DF7 is part of DF/VE Alpha. DF/VE Alpha runs 4 weeks, with 10K OCEAN rewards budgeted per week. DF Alpha’s aim is to test technology, learn, and onboard data publishers.
DF7 parameters are the same as DF1. The DF launch post “Ocean Data Farming is Launching” included these parameters.
10K OCEAN is available. 50% is for passive rewards, and 50% for active. Passive rewards go to users who hold veOCEAN (locked OCEAN) during DF6. Additional active rewards go to 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.
4. Conclusion
DF6 has completed. To claim rewards, go to DF webapp Claim Portal.
DF7 begins Oct 13. It ends Oct 20 at 12:01am.
DF Beta starts on Oct 27, with up to 100K OCEAN weekly rewards.
Further Reading
The post Ocean Data Farming Series 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.
