veOCEAN lets you lock OCEAN to receive veOCEAN. You then automatically access Passive Rewards via Data Farming while learning more about Active Rewards. Here are some handy resources to help you get started:
You can delegate veOCEAN to others in order to facilitate farming, however, you need to understand how this works. To learn more [please read the docs](user-guides/how-to-delegate.md).
[veOCEAN](df-veocean.md) (vote-escrowed OCEAN) is a special token in the Ocean Protocol ecosystem. Users can obtain veOCEAN by Locking their OCEAN tokens for a specific period of time. Their OCEAN cannot be accessed during this time as a sign of conviction that lets them engage with the network. Longer lock periods for veOCEAN typically yield higher rewards.
You will get passive rewards by default when you lock tokens. On top of that, you can get active rewards if you actively participate in the program. Here are some [resources](user-guides/how-to-veocean.md).
Yes. When you lock Ocean tokens, you'll receive them back at the end of the lock-up period. If the value increases during this time, your Ocean tokens will appreciate in worth. The same principle applies in reverse if the value decreases
<summary>Are there any liquid staking wrappers for veOCEAN?</summary>
You can also earn active staking rewards by assigning your veOCEAN directly on datasets or through a proxy ([psdnOCEAN](https://docs.h2odata.xyz/protocol-overview/psdnocean-veocean-liquid-staking)), which deploys your veOCEAN at no risk, in order to gain a share of active rewards.
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<summary>Why the ratio between psdnOCEAN and OCEAN tokens is not close to 1:1?</summary>
The ratio stands at 80% to 20%, creating an imbalanced pool that minimizes price fluctuations. You might find this [resource](https://blog.oceanprotocol.com/psdnocean-the-first-liquid-staking-wrapper-by-the-h2o-team-is-now-live-a3330e15fa5c) valuable.
You can convert psdnOCEAN back to OCEAN using the Balancer AMM liquidity [pool](https://app.balancer.fi/#/ethereum/pool/0xf8c4cd95c7496cb7c8d97202cf7e5b8da2204c2b00020000000000000000039e).
To boost your APY, consider locking your OCEAN for a more extended period. It's not only about the amount you lock but also **the duration of the lock that matters most**. Longer lock periods yield more significant results. You can find further insights in this [document](user-guides/how-to-estimate-apy).
The APY is highly dependent on the locked amount and more importantly on the locking period. Please see the [Estimate your APY](user-guides/how-to-estimate-apy) guide.
The data asset may be of any type — dataset (for static URIs), algorithm for Compute-to-Data, or any other Datatoken token-gated system. The data asset may be fixed price or free price. You can find more details in the [DF Background page](df-volumedf.md#assets-that-qualify-for-data-farming)
Curators can select datasets to stake on based on several factors such as publisher reputation, number of previous consumes of the dataset, ratings, and comments of others.
The price is taken at the same time as each consume. E.g. if a data asset has three consumes, where the price was 1 OCEAN when the first consume happened, and the price was 10 OCEAN when the other consumes happened, then the total DCV for the asset is 1 + 10 + 10 = 21.
When it comes to active staking, you aren't exposed to additional risks. Your veOCEAN tokens remain securely locked, and your role is to curate datasets by allocating them.
As with any system, inherent risks exist. In terms of the liquidity you provide, rest assured that we have implemented battle-tested contracts, protecting assets worth billions, including veCRV. With this model, there is no liquidity risk, and you are shielded from losing your OCEAN due to Impermanent Loss (IL); your OCEAN tokens are held securely in lock.
They are deployed on the Ethereum mainnet, alongside other Ocean contract deployments. You can find the [full list of contracts here](https://github.com/oceanprotocol/contracts/blob/main/addresses/address.json).
<summary>Can the reward function change during a given week?</summary>
No. At the beginning of a new DF round (DF1, DF2, etc.), rules are laid out, either implicitly if no change from the previous round, or explicitly in a blog post if there are new rules. This is: reward function, bounds, etc. Then teams stake, buy data, consume, etc. LPs are given DF rewards based on staking, DCV, etc. at the end of the week. Overall cycle time is one week.
Caveat: it’s no at least in theory! Sometimes there may be tweaks if there is community consensus or a bug.
You can find the statistics for the number of locked tokens [here](https://autobotocean.com/veOcean). As of September 2023, there are approximately 700 million Ocean tokens in circulation, out of which approximately 30 million have been locked.
Yes, this information is available. Indeed, there is a technical aspect involved. You'll need to have some technical knowledge because you'll be required to query the subgraph. You can find a working example of how to get the list of holders [in the subgraph documentation](../developers/subgraph/get-veocean-stats#get-the-veocean-holders-list). Feel free to run the script by clicking on the "run" button.
