DF69 Completes and DF70 Launches

Stakers can claim DF69 rewards. DF70 runs Dec 28 — Jan 4, 2024

1. Overview

Ocean Data Farming (DF) is Ocean’s incentives program. In DF, you can earn OCEAN rewards by locking OCEAN, curating data, and making predictions (in Predictoor). Here are DF docs.

Data Farming Round 69 (DF69) has completed. 150K OCEAN + 100K ROSE was budgeted for rewards. Rewards counting started 12:01am Dec 21, 2023 and ended 12:01am Dec 28. You can claim rewards at the DF dapp Claim Portal.

DF70 is live today, Dec 28. It concludes on Jan 4. 150K OCEAN and 100k ROSE are budgeted in total 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 DF70

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.
  – Predictoor DF. Actively predict crypto prices by submitting a price prediction and staking OCEAN to slash competitors and earn.

3. How to Earn Rewards, and Claim Them

There are three ways to earn and claim rewards: Passive DF, Active DF : Volume DF, and Predictoor DF.

• 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. The Ocean docs have more 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). The Ocean docs have more details.
  – Predictoor DF substream. To earn: submit accurate predictions via Predictoor Bots and stake OCEAN to slash incorrect Predictoors. To claim OCEAN rewards: run the Predictoor $OCEAN payout script, linked from Predictoor DF user guide in Ocean docs. To claim ROSE rewards: see instructions in Predictoor DF user guide in Ocean docs.

4. Specific Parameters for DF70

This round is part of DF Main, phase 1.

Budget. This round has 150,000 OCEAN + 100,000 ROSE rewards total. That OCEAN and ROSE is allocated as follows:

• Passive DF: 50% of rewards = 75,000 OCEAN
• Active DF: 50% of rewards
  – Predictoor DF. 50% = 37,500 OCEAN + 100k ROSE
  – Volume DF. 50% = 37,500 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) *DCV_multiplier. This prevents wash consume. The value DCV_multiplier is 20.1% for Predictoor feeds, and 0.1% otherwise.

Predictoor DF rewards are calculated as follows:

• First, DF Buyer agent purchases Predictoor feeds using OCEAN throughout the week to evenly distribute these rewards.
• Then, ROSE is distributed at the end of the week to active Predictoors that have been claiming their rewards.
• You can read the details for how Predictoor DF Reward Amounts work here.
• Read how to optimize Predictoor rewards here.

Expect further evolution in Active DF: tuning substreams and budget adjustments among substreams. What remains constant is passive DF, and the 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.