mirror of
https://github.com/oceanprotocol/docs.git
synced 2024-11-26 19:49:26 +01:00
Restructured intro, maxing out yield, and other descriptions to take into consider Volume DF. Also split up How-To-Delegate from other tutorial so there is a clearer separation of concerns.
This commit is contained in:
parent
ce9a1ee62f
commit
672a579e42
BIN
.gitbook/assets/rewards/gif/delegation-dog-herding-sheep.gif
Normal file
BIN
.gitbook/assets/rewards/gif/delegation-dog-herding-sheep.gif
Normal file
Binary file not shown.
After Width: | Height: | Size: 9.1 MiB |
@ -33,9 +33,9 @@ veOCEAN is a fork of veCRV. This enables participants to become a governance del
|
|||||||
|
|
||||||
## Delegation
|
## Delegation
|
||||||
|
|
||||||
[Delegation](../user-guides/how-to-data-farm.md#how-to-delegate-your-active-rewards) will teach you how to share your veOCEAN allocation power to other users who can manage Volume DF substream Data Farming for you.
|
[Delegation](../user-guides/how-to-delegate.md) will teach you how to share your veOCEAN allocation power to other users that can help manage Volume DF substream for you.
|
||||||
|
|
||||||
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.
|
Once delegated, rewards will be sent to the wallet address you delegated to. The delegation receiver is in charge of managing your Allocation Power and cut from the rewards.
|
||||||
|
|
||||||
## Further Reading
|
## Further Reading
|
||||||
|
|
||||||
|
@ -6,19 +6,17 @@ description: Learn the fundamentals of The Way of Data Farming 🧑🏫
|
|||||||
|
|
||||||
<figure><img src="../.gitbook/assets/gif/morpheus.gif" alt=""><figcaption><p>Meet your sensei.</p></figcaption></figure>
|
<figure><img src="../.gitbook/assets/gif/morpheus.gif" alt=""><figcaption><p>Meet your sensei.</p></figcaption></figure>
|
||||||
|
|
||||||
### What is Data Farming?
|
## What is Data Farming?
|
||||||
|
|
||||||
Data Farming (DF) is Ocean Protocol's **incentive system for curating and publishing valuable assets in the Ocean ecosystem.** Participants vote on the Ocean ecosystem assets that they believe are high quality and likely to sell. If they are right, then these Data Farmers **get a portion of the sales of these Ocean ecosystem assets** they voted on!
|
Data Farming (DF) is Ocean Protocol's **incentive system that rewards participants for creating value in the Ocean ecosystem.**
|
||||||
|
|
||||||
(If you are familiar with 'liquidity mining', then you will find that Data Farming is similar but tuned instead for the curation of high quality assets in the Ocean ecosystem.)
|
Participants are able to **receive rewards passively, actively, or both** weekly by engaging in a variety of streams that helps the protocol grow. These activities include holding veOCEAN, curating datasets and building prediction models.
|
||||||
|
|
||||||
### What's the difference between Data Farming and Yield Farming?
|
### Passive and Active Reward streams
|
||||||
|
|
||||||
Unlike yield farming in DeFi, data farming has real intrinsic utility for Ocean Protocol stakeholders: as Data Farmers determine which are the highest quality assets in the Ocean ecosystem to purchase, then the Data Farmers earn active OCEAN rewards when these assets sell. It's this **curation of the "best" assets in the Ocean ecosystem** that shortens the search times for those looking to shop for assets in the Ocean ecosystem. We also put in place an incentive system for Publishers of assets to gain **2x the rewards** in Data Farming, thus driving forward the addition of great assets in the Ocean ecosystem.
|
Every week OCEAN rewards are paid out to Data Farmers through two different reward streams. **Passive Rewards** and **Active Rewards**.
|
||||||
|
|
||||||
### Passive and Active Rewards
|
These two reward streams produce different variable APYs.
|
||||||
|
|
||||||
Every week OCEAN rewards are paid out to Data Farmers in two different ways: **passive** rewards and **active** rewards. The two reward functions produce different variable APYs.
|
|
||||||
|
|
||||||
#### What are Passive Rewards?
|
#### What are Passive Rewards?
|
||||||
|
|
||||||
@ -30,11 +28,13 @@ Passive rewards are the OCEAN rewards paid to Data Farmers just for locking thei
|
|||||||
|
|
||||||
#### What are Active Rewards and Substreams?
|
#### What are Active Rewards and Substreams?
|
||||||
|
|
||||||
Active Rewards are OCEAN rewards paid to contributors actively working to improve Ocean Protocol. To better reflect this, there are are multiple reward substreams avaialble:
|
Active Rewards are OCEAN rewards paid to contributors actively working to improve Ocean Protocol.
|
||||||
|
|
||||||
|
There are are two substreams available in Active Rewards:
|
||||||
1. Volume DF
|
1. Volume DF
|
||||||
2. Challenge DF
|
2. Challenge DF
|
||||||
|
|
||||||
Volume DF rewards Data Farmers that allocate their veOCEAN tokens to Ocean ecosystem assets. It's called Volume DF because the amount of rewards relies on Data Farmers allocating veOCEAN to assets that are actively generating Data Consume Volume. Therefore, **Volume DF yields depend on the allocations made and sales produced by these assets.** No sales = no rewards, so choose your favorite datasets wisely & then allocate. Always DYOR.
|
Volume DF rewards Data Farmers that allocate their veOCEAN tokens to Ocean ecosystem assets. It's called Volume DF because the amount of rewards relies on assets that are actively generating Data Consume Volume. Therefore, **Volume DF yields depend on the sales produced by these assets and allocations made.** No sales = no rewards, so choose your favorite datasets wisely & then allocate. Always DYOR.
|
||||||
|
|
||||||
Challenge DF rewards Data Scientists that produce prediction models that consistently improve the prediction of the price of Ethereum. It's called Challenge DF because weekly rewards are dispensed towards participants that are competing to improve the accuracy of how well we can predict price movements of Ethereum. Therefore, **Challenge DF yields depend on participants accurately outcompeting each other.** Only the top 3 predictions on the leaderboard win.
|
Challenge DF rewards Data Scientists that produce prediction models that consistently improve the prediction of the price of Ethereum. It's called Challenge DF because weekly rewards are dispensed towards participants that are competing to improve the accuracy of how well we can predict price movements of Ethereum. Therefore, **Challenge DF yields depend on participants accurately outcompeting each other.** Only the top 3 predictions on the leaderboard win.
|
||||||
|
|
||||||
@ -46,7 +46,7 @@ Active Rewards are governed and defined by the [Reward Function](df-max-out-yiel
|
|||||||
|
|
||||||
Each Data Farming weekly round has a pool of OCEAN rewards and [can be viewed here](https://df.oceandao.org/rewards)
|
Each Data Farming weekly round has a pool of OCEAN rewards and [can be viewed here](https://df.oceandao.org/rewards)
|
||||||
|
|
||||||
<figure><img src="../.gitbook/assets/rewards/df-reward-streams.png" alt=""><figcaption><p>Rewards Page showing all streams and rewards.</p></figcaption></figure>
|
<figure><img src="../.gitbook/assets/rewards/df-reward-streams.png" alt=""><figcaption><p>Rewards Page overview for each stream.</p></figcaption></figure>
|
||||||
|
|
||||||
##### Reward Streams
|
##### Reward Streams
|
||||||
|
|
||||||
@ -67,6 +67,14 @@ Each Data Farming weekly round has a pool of OCEAN rewards and [can be viewed he
|
|||||||
| --------------- | -------------- |
|
| --------------- | -------------- |
|
||||||
| 5,000 OCEAN | Remaining OCEAN |
|
| 5,000 OCEAN | Remaining OCEAN |
|
||||||
|
|
||||||
|
### What's the difference between Data Farming and Yield Farming?
|
||||||
|
|
||||||
|
If you are familiar with 'liquidity mining' then you will find Data Farming similar, but instead, tuned for the curation of high quality assets in the Ocean ecosystem.
|
||||||
|
|
||||||
|
Unlike yield farming in DeFi, data farming has real intrinsic utility for Ocean Protocol stakeholders as Data Farmers determine which are the highest quality assets in the Ocean ecosystem to purchase, and as these assets sell, they are rewarded in OCEAN . It's this **curation of the "best" assets in the Ocean ecosystem** that shortens the search times for those looking to shop for assets in the Ocean ecosystem.
|
||||||
|
|
||||||
|
To deepen this incentive, Publishers are boosted further and **gain 2x the allocation power** when pointing to their own assets.
|
||||||
|
|
||||||
### What are Publisher Rewards?
|
### What are Publisher Rewards?
|
||||||
|
|
||||||
<figure><img src="../.gitbook/assets/gif/just-publish.gif" alt=""><figcaption><p>Publishing lets you earn *more* OCEAN rewards</p></figcaption></figure>
|
<figure><img src="../.gitbook/assets/gif/just-publish.gif" alt=""><figcaption><p>Publishing lets you earn *more* OCEAN rewards</p></figcaption></figure>
|
||||||
|
@ -4,22 +4,25 @@ description: >-
|
|||||||
Ocean Protocol's Data Farming dApp! 🥋
|
Ocean Protocol's Data Farming dApp! 🥋
|
||||||
---
|
---
|
||||||
|
|
||||||
# DF Max Out Yield (Purple Belt)
|
# Max Out Volume DF (Purple Belt)
|
||||||
|
|
||||||
<figure><img src="../.gitbook/assets/gif/i-know-kung-fu.gif" alt=""><figcaption><p>You know enough to be dangerous.</p></figcaption></figure>
|
<figure><img src="../.gitbook/assets/gif/i-know-kung-fu.gif" alt=""><figcaption><p>You know enough to be dangerous.</p></figcaption></figure>
|
||||||
|
|
||||||
### How to Maximize Your Yield
|
### Maximize your Yield
|
||||||
|
|
||||||
If you only lock your OCEAN tokens to get passive yield, then you're leaving money on the table. Data Farming rewards farmers that allocate their veOCEAN tokens to assets that **generate revenue** in the Ocean ecosystem. (No revenue, no rewards.) In addition, Data Farming incentivizes **publishing** assets in the Ocean ecosystem too - you get **2x the allocation power** when you allocate to an asset that you publish!
|
If you only lock your OCEAN tokens to get passive yield, then you're leaving money on the table.
|
||||||
|
|
||||||
Thus, if you really want to max out your APY:
|
Data Farming rewards farmers that allocate their veOCEAN tokens to assets that **generate revenue** in the Ocean ecosystem. (No revenue, no rewards.) In addition, Data Farming incentivizes **publishing** assets in the Ocean ecosystem too - you get **2x the Allocation Power** when you allocate to an asset that you publish!
|
||||||
|
|
||||||
1. Lock your OCEAN for veOCEAN to claim weekly Passive Rewards
|
Thus, if you really want to max out Volume DF APY:
|
||||||
2. Create & publish assets (and make $ in selling them) — or work with people who can
|
|
||||||
3. Lock OCEAN and stake veOCEAN on your published assets for weekly Active Rewards
|
|
||||||
4. Claim the rewards
|
|
||||||
|
|
||||||
#### Don't have time to publish your own datasets? 
|
1. Lock your OCEAN for 4 years to receive 100% voting power.
|
||||||
|
2. Have other participants delegate their Allocation Power to you.
|
||||||
|
3. Create & publish assets (and make $ in selling them) — or work with people who can.
|
||||||
|
4. Point your Allocation Power towards your published assets to receive a 2x bonus.
|
||||||
|
5. Claim weekly Passive Rewards, Active Rewards, and update your lock.
|
||||||
|
|
||||||
|
#### Don't have time to publish your own datasets?
|
||||||
|
|
||||||
Another way to improve your yield is by [delegating](../user-guides/how-to-data-farm.md#how-to-delegate-your-active-rewards) your veOCEAN to someone to generate Active Rewards for you! In this case, the idea is that they may do a better job at publishing assets or picking winners better than you can. However, there is some risk to this because the rewards generated will be sent to the person you delegated to, and it's their responsibility to return those rewards back to you if that's the agreement you both made. To read more, see our [info on Delegation](../user-guides/how-to-data-farm.md#how-to-delegate-your-active-rewards).
|
Another way to improve your yield is by [delegating](../user-guides/how-to-data-farm.md#how-to-delegate-your-active-rewards) your veOCEAN to someone to generate Active Rewards for you! In this case, the idea is that they may do a better job at publishing assets or picking winners better than you can. However, there is some risk to this because the rewards generated will be sent to the person you delegated to, and it's their responsibility to return those rewards back to you if that's the agreement you both made. To read more, see our [info on Delegation](../user-guides/how-to-data-farm.md#how-to-delegate-your-active-rewards).
|
||||||
|
|
||||||
|
@ -26,7 +26,7 @@ veOCEAN allows you to engage with different Ocean Protocol mechanisms and benefi
|
|||||||
|
|
||||||
1. **Holding it** veOCEAN pays **Passive OCEAN Rewards** every week.
|
1. **Holding it** veOCEAN pays **Passive OCEAN Rewards** every week.
|
||||||
2. **Allocating it** veOCEAN pays **Active OCEAN Rewards** every week to the top selling assets in the Ocean ecosystem.
|
2. **Allocating it** veOCEAN pays **Active OCEAN Rewards** every week to the top selling assets in the Ocean ecosystem.
|
||||||
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.
|
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 manage Active Rewards.
|
||||||
4. **2x Publisher Stake** If you are a publisher in the Ocean ecosystem, then allocating your veOCEAN to your own asset gives your veOCEAN **a 2x Bonus**. This is an incentive for publishers to engage with their assets and benefit the assets in the Ocean ecosystem further.
|
4. **2x Publisher Stake** If you are a publisher in the Ocean ecosystem, then allocating your veOCEAN to your own asset gives your veOCEAN **a 2x Bonus**. This is an incentive for publishers to engage with their assets and benefit the assets in the Ocean ecosystem further.
|
||||||
|
|
||||||
### The Nitty Gritty of **Passive & Active Rewards**
|
### The Nitty Gritty of **Passive & Active Rewards**
|
||||||
|
@ -46,6 +46,18 @@ Farm data like a pro. 😎🥕
|
|||||||
[how-to-data-farm.md](how-to-data-farm.md)
|
[how-to-data-farm.md](how-to-data-farm.md)
|
||||||
{% endcontent-ref %}
|
{% endcontent-ref %}
|
||||||
|
|
||||||
|
{% content-ref url="how-to-data-farm-challengedf.md" %}
|
||||||
|
[how-to-data-farm-challengedf.md](how-to-data-farm-challengedf.md)
|
||||||
|
{% endcontent-ref %}
|
||||||
|
|
||||||
|
{% content-ref url="how-to-data-farm-volumedf.md" %}
|
||||||
|
[how-to-data-farm-volumedf.md](how-to-data-farm-volumedf.md)
|
||||||
|
{% endcontent-ref %}
|
||||||
|
|
||||||
|
{% content-ref url="how-to-delegate.md" %}
|
||||||
|
[how-to-delegate.md](how-to-delegate.md)
|
||||||
|
{% endcontent-ref %}
|
||||||
|
|
||||||
{% content-ref url="claim-ocean-rewards.md" %}
|
{% content-ref url="claim-ocean-rewards.md" %}
|
||||||
[claim-ocean-rewards.md](claim-ocean-rewards.md)
|
[claim-ocean-rewards.md](claim-ocean-rewards.md)
|
||||||
{% endcontent-ref %}
|
{% endcontent-ref %}
|
||||||
|
37
user-guides/how-to-delegate.md
Normal file
37
user-guides/how-to-delegate.md
Normal file
@ -0,0 +1,37 @@
|
|||||||
|
---
|
||||||
|
description: Simplify and Improve your Data Farming
|
||||||
|
---
|
||||||
|
|
||||||
|
# Delegate Allocation Power and Active Rewards
|
||||||
|
|
||||||
|
<figure><img src="../.gitbook/assets/rewards/gif/delegation-dog-herding-sheep.gif" alt=""><figcaption></figcaption></figure>
|
||||||
|
|
||||||
|
## Why Delegate?
|
||||||
|
|
||||||
|
Have multiple wallets? Want to reduce your costs? Want to build a novel farming system?
|
||||||
|
|
||||||
|
We have a solution for that! Data Farming's [Delegate feature](https://df.oceandao.org/delegate) allows you to transfer your veOCEAN Allocation Power to another wallet address.
|
||||||
|
|
||||||
|
By delegating your active rewards to a single address that more efficiently manages your allocation, you are able to earn a better annual percentage yield (APY). For all these reasons and more, then you might want to delegate - go to [https://df.oceandao.org/delegate](https://df.oceandao.org/delegate) to make the magic happen ✨
|
||||||
|
|
||||||
|
When you delegate, you transfer 100% of your veOCEAN Allocation Power for a limited period. This means that you can manage your active participation **without needing to reallocate or pay fees**!
|
||||||
|
|
||||||
|
Note that if you delegate 100% of your Allocation Power, your allocations will not count until the delegation expires. The delegation expiration date is the same as your veOCEAN Lock End Date at the time of delegation. If necessary, you can extend your Lock End Date before delegating. You can also cancel your delegation at any time 💪.
|
||||||
|
|
||||||
|
Once delegated, rewards will be sent to the wallet address you delegated to. Then, the delegation receiver is in charge of your active rewards and is responsible for returning those back to you should you choose to do so.
|
||||||
|
|
||||||
|
### Steps to Delegate
|
||||||
|
|
||||||
|
Follow these steps to delegate your veOCEAN:
|
||||||
|
|
||||||
|
1. Go to the [Data Farming dApp](https://df.oceandao.org).
|
||||||
|
2. Navigate to the [Delegate page](https://df.oceandao.org/delegate).
|
||||||
|
3. Enter the wallet address you wish to delegate your active rewards to into the 'Receiver wallet address' field.
|
||||||
|
4. Click the Delegate button and sign the transaction with your wallet. You can view information about your delegation in the My Delegations component.
|
||||||
|
5. If you desire, the you can cancel the delegation to regain your allocation power before the delegation expires.
|
||||||
|
|
||||||
|
### What if someone delegates active rewards to you?
|
||||||
|
|
||||||
|
If you receive veOCEAN allocation power from other wallets, then you will receive their active rewards. You cannot delegate the veOCEAN you received from delegates, only the veOCEAN you received from your lock. 
|
||||||
|
|
||||||
|
<figure><img src="https://1520763098-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FzQlpIJEeu8x5yl0OLuXn%2Fuploads%2Fgit-blob-423f12f5b84205ab6cff8b79a1211fcd955d637c%2FveOCEAN-Delegation.png?alt=media" alt=""><figcaption></figcaption></figure>
|
@ -2,13 +2,15 @@
|
|||||||
description: Make extra dosh with active rewards yield in Data Farming
|
description: Make extra dosh with active rewards yield in Data Farming
|
||||||
---
|
---
|
||||||
|
|
||||||
# Harvest More Yield Data Farming - Challenge DF
|
# Harvest More Yield in Challenge DF
|
||||||
|
|
||||||
<figure><img src="../.gitbook/assets/rewards/gif/challenge-df.gif" alt=""></figure>
|
<figure><img src="../.gitbook/assets/rewards/gif/challenge-df.gif" alt=""></figure>
|
||||||
|
|
||||||
## Get More Yield from Challenge DF Rewards
|
## Get More Yield from Challenge DF Rewards
|
||||||
|
|
||||||
The core focus of the Data Farming dApp lies in incentivizing OCEAN rewards for the curation and publication of valuable assets within the Ocean ecosystem. If you're eager to begin extracting value from data but aren't sure how to get started, the Challenge DF is here to help!
|
The core focus of the Data Farming dApp lies in incentivizing OCEAN rewards for the curation and publication of valuable assets within the Ocean ecosystem.
|
||||||
|
|
||||||
|
If you're eager to begin extracting value from data but aren't sure how to get started, then Challenge DF is here to help!
|
||||||
|
|
||||||
By participating in the weekly data challenges of predicting the price of Ethereum, you will become familiar with the Ocean Protocol stack and with building predictions that can be sold for money.
|
By participating in the weekly data challenges of predicting the price of Ethereum, you will become familiar with the Ocean Protocol stack and with building predictions that can be sold for money.
|
||||||
|
|
||||||
|
@ -2,13 +2,15 @@
|
|||||||
description: Make extra dosh with active rewards yield in Data Farming
|
description: Make extra dosh with active rewards yield in Data Farming
|
||||||
---
|
---
|
||||||
|
|
||||||
# Harvest More Yield Data Farming - Volume DF
|
# Harvest more Yield - Volume DF
|
||||||
|
|
||||||
<figure><img src="../.gitbook/assets/rewards/gif/volume-df.gif" alt=""><figcaption></figcaption></figure>
|
<figure><img src="../.gitbook/assets/rewards/gif/volume-df.gif" alt=""><figcaption></figcaption></figure>
|
||||||
|
|
||||||
## Get More Yield from Volume DF Rewards
|
## Get More Yield from Volume DF Rewards
|
||||||
|
|
||||||
The bread and butter of the Data Farming dApp is incentivizing OCEAN rewards for curating and publishing valuable assets in the Ocean ecosystem. The way that users curate assets is by **allocating veOCEAN** to them using the Data Farming dApp. We'll show you how!
|
The bread and butter of the Data Farming dApp is incentivizing OCEAN rewards for curating and publishing valuable assets in the Ocean ecosystem.
|
||||||
|
|
||||||
|
The way that users curate assets is by **pointing their Allocation Power** to them using the Data Farming dApp. We'll show you how!
|
||||||
|
|
||||||
#### Step 1 - Navigate to the Data Farming dApp
|
#### Step 1 - Navigate to the Data Farming dApp
|
||||||
|
|
||||||
@ -24,8 +26,8 @@ The bread and butter of the Data Farming dApp is incentivizing OCEAN rewards for
|
|||||||
|
|
||||||
#### Step 4 - Select the assets which you would like to allocate to by toggling the percentage allocation at the end of the row
|
#### Step 4 - Select the assets which you would like to allocate to by toggling the percentage allocation at the end of the row
|
||||||
|
|
||||||
- On the rightmost column, toggle the percentage of your total veOCEAN that you wish to allocate to each asset of your choice. You will **get a portion of the sales** of each asset that you allocate to!
|
- On the rightmost column, toggle the percentage of your total Allocation Power that you wish to allocate to each asset of your choice. You will **get a portion of the sales** of each asset that you allocate to!
|
||||||
- Note that if you allocate to an asset that YOU published, then you will get an **allocation** **boost** and your allocation will be counted as **2x**. The rows for assets that you publish will appear cream-colored.
|
- Note that if you allocate to an asset that YOU published, then you will get an **effective 2x allocation boost**. The rows for assets that you publish will appear cream-colored.
|
||||||
|
|
||||||
<figure><img src="../.gitbook/assets/rewards/allocations.png" alt=""><figcaption><p>Toggle the percentage of your veOCEAN that you would like to allocate to each asset</p></figcaption></figure>
|
<figure><img src="../.gitbook/assets/rewards/allocations.png" alt=""><figcaption><p>Toggle the percentage of your veOCEAN that you would like to allocate to each asset</p></figcaption></figure>
|
||||||
|
|
||||||
@ -37,23 +39,3 @@ The bread and butter of the Data Farming dApp is incentivizing OCEAN rewards for
|
|||||||
<figure><img src="../.gitbook/assets/rewards/update-allocations.png" alt=""><figcaption><p>Click the Update Allocations button</p></figcaption></figure>
|
<figure><img src="../.gitbook/assets/rewards/update-allocations.png" alt=""><figcaption><p>Click the Update Allocations button</p></figcaption></figure>
|
||||||
|
|
||||||
That's it! You've successfully allocated (aka "voted on") your favorite assets in the Ocean ecosystem using your veOCEAN tokens and are generating active rewards yield. Now, just wait until next Thursday to see if you can [claim any OCEAN rewards](claim-ocean-rewards.md) on the Active Rewards section of the [Rewards page](https://df.oceandao.org/rewards) for your portion of the assets' sales. Remember that your first time claiming rewards will require at least one week, but not more than 2 weeks of wait!
|
That's it! You've successfully allocated (aka "voted on") your favorite assets in the Ocean ecosystem using your veOCEAN tokens and are generating active rewards yield. Now, just wait until next Thursday to see if you can [claim any OCEAN rewards](claim-ocean-rewards.md) on the Active Rewards section of the [Rewards page](https://df.oceandao.org/rewards) for your portion of the assets' sales. Remember that your first time claiming rewards will require at least one week, but not more than 2 weeks of wait!
|
||||||
|
|
||||||
### How to Delegate Your Active Rewards
|
|
||||||
|
|
||||||
Do you have multiple wallets? Say you want to send rewards to someone you 💖 We have a solution for that! Data Farming's [Delegate](https://df.oceandao.org/delegate) feature allows you to transfer your veOCEAN allocation power to another wallet address. Another reason for delegating - you might be able to earn a higher annual percentage yield (APY) by delegating your active rewards to an address that more efficiently manages your allocation. For all these reasons and more, then you might want to delegate - go to [https://df.oceandao.org/delegate](https://df.oceandao.org/delegate) to make the magic happen ✨
|
|
||||||
|
|
||||||
When you delegate, you transfer 100% of your veOCEAN allocation power for a limited period. You can delegate your active rewards \*without\* the need for reallocation and transaction fees! Note that after you delegate, then you cannot manage your allocations until the delegation expires. The delegation expiration date is the same as your veOCEAN Lock End Date at the time of delegation. If necessary, you can extend your Lock End Date before delegating. You can also cancel your delegation at any time 💪 Once delegated, rewards will be sent to the wallet address you delegated to. Then, the delegation receiver is in charge of your active rewards and is responsible for returning those back to you should you choose to do so. 
|
|
||||||
|
|
||||||
Follow these steps to delegate your veOCEAN:
|
|
||||||
|
|
||||||
1. Go to the [Data Farming dApp](https://df.oceandao.org).
|
|
||||||
2. Navigate to the [Delegate page](https://df.oceandao.org/delegate).
|
|
||||||
3. Enter the wallet address you wish to delegate your active rewards to into the 'Receiver wallet address' field.
|
|
||||||
4. Click the Delegate button and sign the transaction with your wallet. You can view information about your delegation in the My Delegations component.
|
|
||||||
5. If you desire, the you can cancel the delegation to regain your allocation power before the delegation expires.
|
|
||||||
|
|
||||||
#### What if someone delegates active rewards to you?
|
|
||||||
|
|
||||||
If you receive veOCEAN allocation power from other wallets, then you will receive their active rewards. You cannot delegate the veOCEAN you received from delegates, only the veOCEAN you received from your lock. 
|
|
||||||
|
|
||||||
<figure><img src="https://1520763098-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FzQlpIJEeu8x5yl0OLuXn%2Fuploads%2Fgit-blob-423f12f5b84205ab6cff8b79a1211fcd955d637c%2FveOCEAN-Delegation.png?alt=media" alt=""><figcaption></figcaption></figure>
|
|
||||||
|
Loading…
Reference in New Issue
Block a user