Data Farming DF26 Completes and DF27 Launches. DF Main inches closer
Stakers can claim DF26 rewards. DF27 runs Mar 2-Mar 9, 2023
1. Overview
Data Farming Round 27 is here (DF27). DF27 is part of DF Beta, where users can earn rewards up to 75K $OCEAN while contributing to the refinement of Data Farming and Ocean technology.
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.
DF25 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.
To participate, users lock OCEAN to receive veOCEAN, then allocate veOCEAN to promising data assets (data NFTs) via the DF webapp.
DF26 counting started 12:01am Feb 23, 2022 and ended 12:01am Mar 2, 2023. 75K OCEAN worth of rewards were available.
Passive and Active Rewards are now available. You can now claim both Rewards at the DF webapp Claim Portal.
DF27 is live and will conclude on Thursday, Mar 9, 2023.
DF Round 27 (DF27) takes a step closer to DF Main. DF Main starts in DF29.
The rest of this post describes how to claim rewards (section 2), and DF27 overview (section 3).
2. How To Claim Rewards
As a participant, follow these step on how to claim rewards:
- Go to DF webapp Claim Portal
- Connect your wallet
- Passive and 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. DF27 Overview
DF27 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.
Some key points:
- Total budget is 75,000 $OCEAN.
- Publishers now receive a 2x effective stake.
- Rewards are now distributed based on ranking to increase the quality of assets and smooth out distribution.
- 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
DF26 has completed. To claim rewards, go to DF webapp Claim Portal.
DF27 begins Mar 2, 2023 at 12:01am UTC. It ends Mar 9, 2023 at 12:01am UTC.
DF27 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.
