DF34 Completes and DF35 Launches

Stakers can claim DF34 rewards. DF35 runs Apr 27 — May 04, 2023

1. Overview

Data Farming Round 35 is here (DF35).

DF35 is the 7th week of DF Main, the final phase of DF. This week, users can earn rewards up to 150K OCEAN. In DF Main, weekly rewards will grow to 1M+ OCEAN.

The article “Ocean Data Farming Main is Here” has the full details of DF Main. In fact, it’s a self-contained description of Ocean Data Farming (DF), including all the details that matter. It is up-to-date with the latest reward function, weekly OCEAN allocation, and estimates of APYs given the current amount of OCEAN staked.

DF is like DeFi liquidity mining or yield farming, but is tuned to drive data consume volume (DCV) in the Ocean ecosystem. It rewards stakers with OCEAN who allocate voting power to curate data assets with high DCV.

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

DF34 counting started 12:01am Apr 20, 2023 and ended 12:01am Apr 27. You can claim them at the DF dapp Claim Portal.

DF35 is live and will conclude on May 04, 2023.

DF Round 35 (DF35) is the 7th week of DF Main. Details of DF Main can be found here.

The rest of this post describes how to claim rewards (section 2), and DF34 overview (section 3).

2. How To Claim Rewards

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

• Go to DF dapp 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. DF35 Overview

DF35 is part of DF Main, phase 1. This phase emits 150K OCEAN / week and runs for 52 weeks total. (A detailed DF Main schedule is here.)

Ocean currently supports five production networks: Ethereum Mainnet, Polygon, BSC, EWC, and Moonriver. DF applies to data on all of them.

Some key parameters:

• Total budget is 150,000 OCEAN.
• 50% of the budget goes to passive rewards (75,000 OCEAN) — rewarding users who hold veOCEAN (locked OCEAN)
• 50% of the budget goes to active rewards (75,000 OCEAN) — rewarding users who allocate their veOCEAN towards productive datasets (having DCV).

Active rewards are calculated as follows:

• First, distribute OCEAN across each asset based on rank: highest-DCV asset gets most OCEAN, etc.
• Then, for each asset and each veOCEAN holder:
  – If the holder is a publisher, 2x the effective stake
  – Baseline rewards = (% stake in asset) * (OCEAN for asset)
  – Bound rewards to the asset by 125% APY
  – Bound rewards by asset’s DCV * (% stake in asset) * 0.1%. This prevents wash consume.

For further details, see the “DF Reward Function Details” in DF Main Appendix.

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

DF34 has completed. To claim rewards, go to DF dapp Claim Portal.

DF35 begins Apr 27, 2023 at 12:01am UTC. It ends May 04, 2023 at 12:01am UTC.

DF35 is part of DF Main. For this phase of DF Main, the rewards budget is 150K OCEAN / week.

Appendix: Further Reading

The Data Farming Series post collects key articles and related resources about DF.

About Ocean Protocol

Ocean was founded to level the playing field for AI and data. Ocean tools enable people to privately & securely publish, exchange, and consume data.

Follow Ocean on Twitter or Telegram to keep up to date. Chat directly with the Ocean community on Discord. Or, track Ocean progress directly on GitHub.