Data Farming DF7 Completed, DF8 Started
Stakers can claim DF7 rewards. DF8 runs Oct 20–27, 2022
[Originally published by @trentmc0 on Oct 22, 2022. We’ve re-published to @TeamOcean to better organize archival posts. Please treat the article as if it was published on its original date.]
1. Overview
The Ocean Data Farming program incentivizes the growth of data consumption volume in the Ocean ecosystem. It rewards OCEAN for stakers who allocate liquidity to curate data asset with high data consume volume (DCV).
To participate, users lock OCEAN to receive veOCEAN, then allocate veOCEAN to promising data assets (data NFTs) via the DF webapp.
DF Round 7 (DF7) is DF/VE Alpha week 3. DF7 counting started 12:01am Thu Oct 13, 2022, and ended 12:01am Oct 20, 2022. 10K OCEAN worth of rewards were available. LPs can now claim rewards at the DF webapp Claim Portal.
DF8 is DF/VE Alpha week 4. Counting started 12:01am Oct 20, 2022.
For DF8, there are no changes to the DF Rewards Formula or otherwise.
The rest of this post describes how to claim rewards, and details on DF8 parameters.
2. How To Claim Rewards
As a staker, here’s how to claim rewards:
- Go to DF webapp Claim Portal
- Connect your wallet
- Rewards are distributed on Ethereum mainnet. Click “Claim”, sign the tx, and collect your rewards.
Rewards will 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. DF8 Parameters
For DF8, there are no changes to the DF Rewards Formula or otherwise. Here are some key parameters.
DF8 is part of DF/VE Alpha. DF/VE Alpha runs 4 weeks, with 10K OCEAN rewards budgeted per week. DF Alpha’s aim is to test technology, learn, and onboard data publishers.
DF8 parameters are the same as DF1. The DF launch post “Ocean Data Farming is Launching” included these parameters.
10K OCEAN is available. 50% is for passive rewards, and 50% for active. Passive rewards go to users who hold veOCEAN (locked OCEAN) during DF6. Additional active rewards go to 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.
Further Reading
The Data Farming Series post collects together key articles, and related resources about DF.
Follow Ocean Protocol on Twitter, Telegram, or GitHub for project announcements. And chat directly with the Ocean community on Discord.
