From 062de01c28bb263c39f27177b66d2cbf69669762 Mon Sep 17 00:00:00 2001 From: Veronica Manuel Date: Fri, 26 May 2023 12:33:24 +0000 Subject: [PATCH] GITBOOK-320: change request with no subject merged in GitBook --- rewards/veocean.md | 14 ++++++-------- 1 file changed, 6 insertions(+), 8 deletions(-) diff --git a/rewards/veocean.md b/rewards/veocean.md index 2097d483..f1faf2e5 100644 --- a/rewards/veocean.md +++ b/rewards/veocean.md @@ -41,21 +41,19 @@ veOCEAN is architected to be locked (i.e. 'staked') for a certain period of time So it's important to **NOTE:** that you will not be able to retrieve your locked OCEAN tokens until the Lock End Date you selected on the dApp! -### The Nitty Gritty of **Active & Passive Rewards** - -#### Active Rewards from Community Fees - -Every transaction in Ocean Market and Ocean Protocol backend infrastructure generates transaction fees, some of which are distributed to the community. 50% of the community fees goes to veOCEAN holders, 50% goes to the Ocean Protocol Foundation's community-oriented traction programs. +### The Nitty Gritty of **Passive & Active Rewards** #### Passive Rewards from Data Farming -veOCEAN holders will each get weekly Data Farming rewards allocation, except a small carveout for any Data Challenge initiatives that may run through DF ops. +veOCEAN holders get weekly Data Farming rewards with a small carveout for any Ocean Protcol Data Challenges that run through Data Farming operations. -**veOCEAN holders can be passive, though they are incentivized with larger real yield if active participant.** +#### Active Rewards from Community Fees -“Being active” means allocating veOCEAN to promising data assets (data NFTs). Then, rewards follow the usual DF formula: DCV \* stake. Stake is the amount of veOCEAN allocated to the data asset. There is no liquidity locked inside a datatoken pool. (And this stake is safe: you can’t lose your OCEAN as it is merely locked.) +veOCEAN holders can generate yield completely passively if they wish, though they are incentivized with larger real yield if they **actively participate** in farming yield from assets. +Active rewards follow the usual Data Farming formula: $ of sales of the asset \* allocation to that asset.\*\* But also every transaction in Ocean Market and Ocean Protocol backend infrastructure generates **"community swap" fees that go into Active Rewards**. 50% of the community fees goes to veOCEAN holders, and 50% goes to the Ocean Protocol Foundation's community-oriented traction programs. +\*\*There is no liquidity locked inside a datatoken pool, and this allocation is safe: you can’t lose your OCEAN as it is merely locked. ## Time Locking: What is it