1
0
mirror of https://github.com/oceanprotocol/docs.git synced 2024-11-26 19:49:26 +01:00
docs/user-guides/get-veocean-tokens.md

44 lines
1.9 KiB
Markdown
Raw Normal View History

---
description: Learn how to get veOCEAN tokens to use the Data Farming dapp 🧑‍🌾🥕
---
# Get veOCEAN Tokens
### What is veOCEAN? 🌊
veOCEAN is a 'voting escrowed' token used in Ocean Protocol's Data Farming dapp to **generate passive and active OCEAN token rewards**. [Data Farming](https://df.oceandao.org) is our dapp to incentivize the publishing and curation of high quality assets on the [Ocean Market](https://market.oceanprotocol.com). Are you curious to learn more about Data Farming or you're a visual learner? Check out our video tutorial below!
{% embed url="https://www.youtube.com/watch?v=zAQlPHkK3og" %}
### How to Get veOCEAN
#### **Step 1 - Get OCEAN tokens**
* Acquire $OCEAN via a decentralized exchange (DEX) such as Uniswap or a centralized exchange (CEX) such as Binance, Coinbase, etc.
#### **Step 2 - Send to your self-custody wallet**
* Send your OCEAN tokens to a self-custody wallet of yours that supports ERC-20 tokens, like Metamask for example.
#### **Step 3 - Go to Ocean Protocol's Data Farming dapp**
* Go to [https://df.oceandao.org/](https://df.oceandao.org/)
#### Step 4 - Connect Your Wallet + Lock your OCEAN for veOCEAN
* Click on the purple circles in our interactive demo to walk through the steps for locking your OCEAN tokens for veOCEAN tokens.
{% @arcade/embed flowId="FUSkygksSRsJHwle1zFs" url="https://app.arcade.software/share/FUSkygksSRsJHwle1zFs" %}
In this step you will:
* Enter the amount of OCEAN tokens that you are going to lock up
* Select a Lock End Date indicating how many weeks youre going to lock up your OCEAN tokens. (As the Lock End Date goes farther into the future, your Lock Multiplier increases).
* Click on the checkbox to agree to the disclaimer.
* Click the pink “Approve # OCEAN” button
* Accept the transaction in your wallet.
* Click the “Create Lock” button.
* Accept the transaction in your wallet.
Congratulations! You have now locked your OCEAN tokens for veOCEAN tokens.