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Merge pull request #1199 from oceanprotocol/revert-1192-feature/add-veOCEAN-delegation
Revert "Feature/add ve ocean delegation"
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* [Data Farming 101](veocean-data-farming/df-intro.md)
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* [Data Farming Background](veocean-data-farming/df-background.md)
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* [Emissions & APYs](veocean-data-farming/emissions-apys.md)
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* [Delegation](veocean-data-farming/delegation.md)
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* [Rewards Tutorial](rewards/veOcean-Data-Farming-Tutorial.md)
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* [API References](api-references/README.md)
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* [Aquarius REST API](api-references/aquarius-rest-api.md)
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---
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description: Follow this step-by-step guide to get OCEAN rewards.
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---
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# Tutorial: How To Earn OCEAN Rewards
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There are two types of OCEAN rewards: passive and active rewards. OCEAN token holders may generate passive OCEAN rewards by locking up OCEAN in exchange for veOCEAN tokens. veOCEAN tokens can then be allocated to Ocean Market datasets and algorithms to generate active OCEAN rewards.
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@ -32,8 +31,10 @@ After navigating to the [veOCEAN page](https://df.oceandao.org/veocean), you can
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Click the checkbox below the inactive pink ALLOW button, then click the activated pink ALLOW button. Sign the transaction with your wallet. Then, click the LOCK OCEAN button. Sign the transaction with your wallet. Note that all veOCEAN contracts are deployed on the Ethereum mainnet.
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![](./images/veOCEAN-Before-Lock.png)
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Now the OCEAN tokens are locked in exchange for veOCEAN. The left side panel called "My veOCEAN" shows the corresponding balances of OCEAN and veOCEAN. You can withdraw your OCEAN tokens on this panel when the lock time ends.
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**Note that your OCEAN tokens cannot be withdrawn until the Lock End Date!**
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@ -79,5 +80,4 @@ All rewards are paid out in OCEAN tokens. On every Thursday the pink "Claim" but
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After the Lock End Date, then you can withdraw your principal OCEAN tokens on the [veOCEAN page](https://df.oceandao.org/veocean) on the left side panel.
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## Learn More
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If you would like to find out more details about veOCEAN, Data Farming, and rewards calculations, then please visit the About tab to read a great [blog post](https://blog.oceanprotocol.com/ocean-data-farming-series-c7922f1d0e45) on this topic.
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## Delegation
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Delegation allows you to temporarily transfer your veOCEAN allocation power to another wallet address. This feature enables you to earn a higher annual percentage yield (APY) by delegating to an address that efficiently manages your allocation, without the need for reallocation and transaction fees.
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If you have multiple wallets, delegation enables you to manage your allocations with just one wallet address.
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When you delegate, you transfer 100% of your veOCEAN allocation power for a limited period. After delegation, you cannot manage your allocations until the delegation expires. The delegation expiration date is the same as the veOCEAN lock end date at the time of delegation. If necessary, you can extend your lock before delegating. You can cancel your delegation at any time.
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Once delegated, rewards will be sent to the wallet address you delegated to. The delegation receiver is in charge of your rewards and the process of returning those back to you.
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Follow these steps to delegate you veOcean:
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1. Go to the DF Portal and select the wallet address you wish to delegate to.
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2. Click the Delegate button and sign the transaction. You can view information about your delegation in the My Delegations component.
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3. If needed, you can cancel the delegation to regain your allocation power before the delegation expires.
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![](./images/veOCEAN-Delegation.png)
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If you receive veOCEAN allocation power from other wallets, you will receive their rewards and be responsible for distributing rewards to the delegators. You cannot delegate the veOCEAN you received from delegates, only the veOCEAN you received from your lock.
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