DF47 Completes and DF48 Launches. Challenge DF is here
Stakers can claim DF47 rewards. DF48 runs Jul 27 — Aug 3, 2023
1. Overview
Data Farming Round 47 (DF47) has completed. 150K OCEAN was budgeted for rewards. Rewards counting started 12:01am Jul 20, 2023 and ended 12:01am Jul 27. You can claim rewards at the DF dapp Claim Portal.
DF48 is live today, Jul 27. It concludes on Aug 3. 150K OCEAN is budgeted for rewards.
New this week! Challenge DF. As of DF48, Active DF gets a new substream: Challenge DF. It rewards 5,000 OCEAN total in prizes towards those who predict the price of ETH with the lowest error. Passive DF and total OCEAN rewards emissions are unchanged and will remain so. “Introducing Challenge DF” has details.
New this week! Ocean docs are updated, including DF docs and new step-by-step guides. All to help you succeed in Data Farming:)
This post is organized as follows:
- Section 2: DF structure
- Section 3: DF rewards budget
- Section 4: how to earn rewards, and claim them
- Section 5: specific parameters for DF48
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. DF Rewards Budget
OCEAN rewards are allocated each week as follows:
- Passive DF: 50% of rewards
- Active DF: 50% of rewards
– Volume DF. All except what Challenge DF gets
– Challenge DF. 5,000 OCEAN
4. 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.
“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.
5. Specific Parameters for DF48
DF48 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.
Specific rewards budget for this round:
- 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)
– 70,000 OCEAN goes towards Volume DF, rewarding users who allocate their veOCEAN towards productive datasets (having DCV).
– 5,000 OCEAN goes towards Challenge DF, rewarding users who have lowest prediction error
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.
