oceanprotocol/docs
1
0
Fork 0
mirror of https://github.com/oceanprotocol/docs.git synced 2024-11-26 19:49:26 +01:00
Code Releases Activity

GITBOOK-85: change request with no subject merged in GitBook

Browse Source
This commit is contained in:
Nicholas Scavuzzo 2023-05-12 04:31:38 +00:00 committed by gitbook-bot
parent 9c5dd95dbc
commit 33f617d3e8
No known key found for this signature in database
GPG Key ID: 07D2180C7B12D0FF
2 changed files with 21 additions and 13 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

18
rewards/df-intro.md
View File

@ -1,12 +1,22 @@
---
description: An introduction to Data Farming and Ocean Protocol's incentive mechanism
description: An introduction to Data Farming and Ocean Protocol incentive mechanisms
---
# Data Farming 101
Data Farming (DF) incentivizes for growth of Data Consume Volume (DCV) in the Ocean ecosystem.
Data Farming (DF) incentivizes sustainable and perpetual growth of Data Consume Volume (DCV) inside the Ocean ecosystem.
It rewards OCEAN to liquidity providers (stakers) as a function of consume volume and liquidity. It’s like DeFi liquidity mining, but tuned for data consumption. DF’s aim is to achieve a minimum supply of data for network effects to kick in, and once the network flywheel is spinning, to increase growth rate.
Data Consume Volume (DCV) is a metric placed to represent the total $ amount spent on purchases of data assets, fees on executing transactions, sharing data, and more. So, the more data consumed, the more rewards are distributed.
Data Farming rewards OCEAN to liquidity providers (stakers) in two different ways: active and passive rewards. The two reward functions produce variable APYs, contingent user criteria and chosen eligiblity, plus data consume volume (DCV). 
It’s similar to 'liquidity mining' apart of leading yield farming mechanisms in DeFi, but tuned for data consumption. 
How Data farming differentiates from yield farming is that Data Farming incentivizes a sustainable supply of polished and high-demand data assets into the protocol. 
Unlike yield farming in DeFi, data farming has real intrinsic utility for all stakeholders: Liquidity providers (LPs) earn additional tokens, the protocol receives sustainable liquidity, and the users can trust the protocol's secured data assets. It's a win-win situation for all parties involved.
DF’s aim is to achieve a minimum supply of data for network effects to kick in, and once the network flywheel is spinning, to increase growth rate.
## Reward Categories
@ -46,7 +56,7 @@ This behavior is inherited from [veCRV](https://curve.readthedocs.io/dao-fees.ht
## DF Main
DF Main started Mar 16, 2023 in DF Round 29. DF29 has 150K OCEAN rewards available (a 2x increase from DF28). As DF Main progresses, rewards will increase to 300K (another 2x), then 600K (another 2x), then beyond 1.1M OCEAN/week (near 2x) then decaying over time.
[DF Main](https://blog.oceanprotocol.com/ocean-data-farming-main-is-here-49c99602419e) started Mar 16, 2023 in DF Round 29. DF29 has 150K OCEAN rewards available (a 2x increase from DF28). As DF Main progresses, rewards will increase to 300K (another 2x), then 600K (another 2x), then beyond 1.1M OCEAN/week (near 2x) then decaying over time.
As of DF29 (Mar 16, 2023), wash consuming is not profitable. So, organically-generated Data Consume Volume is the main driver of active DF rewards.

16
rewards/veocean.md
View File

@ -4,9 +4,9 @@ description: An overview of the governance token, veOCEAN (vote-escrowed).
# veOCEAN
veOCEAN is a locked version of the $OCEAN token. This is used to participate in on-chain governance, and earn rewards within the Ocean Protocol network. veOCEAN is architected to be staked for a certain period of time and cannot be transferred or sold during that time.
veOCEAN is the vote escrowed capability of the $OCEAN token through veTokenomics model (vote-escrowed token economics). veOCEAN is used to participate in on-chain governance, and earn rewards within the Ocean Protocol ecosystem. veOCEAN is architected to be staked or 'locked' for a certain period of time and cannot be transferred or sold during the lock time that is determined by each user.
Holders of veOCEAN can use it to vote on proposals or delegate their voting power to other stakeholders. Additionally, there may be other benefits associated with holding and staking veOCEAN, such as access to passive & active rewards in data farming or discounts on fees within the network.
Holders of veOCEAN can use it to vote on proposals or delegate their voting power to other stakeholders. Additionally, there are be other benefits associated with holding and staking veOCEAN, such as access to passive & active rewards in data farming or discounts on fees within the network.
**WARNING:** You will not be able to retrieve your original OCEAN deposit until the lock ends.
@ -14,20 +14,18 @@ Holders of veOCEAN can use it to vote on proposals or delegate their voting powe
veOCEAN allows you to engage with different protocol mechanisms and benefit from the reward programs available.
There are 4 things you can do with veOCEAN.
4 key utility functionalities of veOCEAN:
1. **Hold it** veOCEAN pays **Passive Rewards** every week.
2. **Allocate it** veOCEAN pays **Active Rewards** every week to the top performing Datasets, Algorithms, dApps, and more.
3. **Delegate it** You can delegate veOCEAN to other Data Farmers who can curate Datasets for you. In return for their services, these farmers may charge you a fee for helping you receive APY on **Active Rewards**. The Delegate feature has just been recently released and enables veOCEAN holders to more easily access Active Rewards.
1. **Holding it** veOCEAN pays **Passive Rewards** every week.
2. **Allocating it** veOCEAN pays **Active Rewards** every week to the top performing Datasets, Algorithms, dApps, and more.
3. **Delegating it** You can delegate veOCEAN to other Data Farmers who can curate Datasets for you. In return for their services, these farmers may charge you a fee for helping you receive APY on **Active Rewards**. The Delegate feature has just been recently released and enables veOCEAN holders to more easily access Active Rewards.
4. **2x Publisher Stake** If you are a publisher to the Ocean marketplace, allocating veOCEAN to your own Dataset gives your veOCEAN a 2x Bonus. This is an incentive for publishers to engage with their assets and benefit from from the protocol further.
## veOCEAN holders retain earnings from two sources: **Active & Passive Rewards**
### Active Rewards from Community Fees
Every transaction in Ocean Market and Ocean backend generates transaction fees, some of which go to the community. 50% of the community fees will go to veOCEAN holders; the rest will go to Ocean community-oriented traction programs.
All earnings here are passive.
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 will go to veOCEAN holders, 50% will rest and allocate to Ocean community-oriented traction programs.
### Passive Rewards from Data Farming