DF53 Completes and DF54 Launches

Stakers can claim DF53 rewards. DF54 runs Sep 7–14, 2023

1. Overview

Data Farming Round 53 (DF53) has completed. 150K OCEAN was budgeted for rewards. Rewards counting started 12:01am Aug 31, 2023 and ended 12:01am Sep 07. You can claim rewards at the DF dapp Claim Portal.

“DF Main is Here” is a self-contained description of DF. It’s up-to-date with weekly OCEAN budget allocations and how rewards are computed.

DF54 is live today, Sep 07. It concludes on Sep 14. 150K OCEAN is budgeted for rewards.

This post is organized as follows:

• Section 2: DF structure
• Section 3: How to earn rewards, and claim them
• Section 4: Specific parameters for DF54

2. DF structure

• Passive DF. As a veOCEAN holder, you get passive rewards by default.
• Active DF has two substreams.
  – Volume DF. Actively curate data by allocating veOCEAN towards data assets with high Data Consume Volume (DCV), to earn more.
  – Challenge DF. Predict future ETH price; rewards are a function of prediction accuracy.

3. How to Earn Rewards, and Claim Them

There are three ways to earn and claim rewards: passive DF (like before), Active DF : Volume DF (like before), and Active DF : Challenge DF (new).

• Passive DF. To earn: lock OCEAN for veOCEAN, via the DF webapp’s veOCEAN page. To claim: go to the DF Webapp’s Rewards page; within the “Passive Rewards” panel, click the “claim” button. Ocean docs has details.
• Active DF
  – Volume DF substream. To earn: allocate veOCEAN towards data assets, via the DF webapp’s Volume DF page. To claim: go to the DF Webapp’s Rewards page; within the “Active Rewards” panel, click the “claim” button (it claims across all Active DF substreams at once). Ocean docs has details.
  – Challenge DF substream. To earn: make ETH predictions for specific times; the next section gives an overview of how. To claim: go to the DF Webapp’s Rewards page; within the “Active Rewards” panel, click the “claim” button (it claims across all Active DF substreams at once). Challenge DF README has detailed instructions.

4. Specific Parameters for DF54

This round is part of DF Main, phase 1.

Budget. This round has 150,000 OCEAN rewards total. That OCEAN is allocated as follows.

• Passive DF: 50% of rewards = 75,000 OCEAN
• Active DF: 50% of rewards
  – Volume DF. All except what Challenge DF gets = 70,000 OCEAN
  – Challenge DF. 5,000 OCEAN

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

Volume DF 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.

Challenge DF rewards parameters:

• Submission deadline: Wednesday at 23:59 UTC when the DF round finishes.
• Prediction at times: Thursday at 00:05 UTC, 00:10, …, 1:00 (12 predictions total)
• The contestant with lowest error gets 2,500 OCEAN reward. 2nd-lowest gets 1,500 OCEAN. 3rd-lowest gets 1,000 OCEAN.
• Further parameters are in “Introducing Challenge DF” blog post, and the Challenge DF README (linked from post).

Expect further evolution in Active DF: additional substreams, tuning substreams, and budget adjustments among substreams. What remains constant is passive DF, and total OCEAN rewards emission schedule.

Updates are always announced at the beginning of a round, if not sooner.

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.