diff --git a/veocean-data-farming/contracts-formulas.md b/veocean-data-farming/contracts-formulas.md index 41fdeeaf..f172aa44 100644 --- a/veocean-data-farming/contracts-formulas.md +++ b/veocean-data-farming/contracts-formulas.md @@ -1,3 +1,6 @@ +--- +description: Metrics, Formulas, and definitions used by Data Farming. +--- ## Contract Deployments The [veOCEAN & DF contracts](https://github.com/oceanprotocol/contracts/tree/main/contracts/ve) are deployed to Ethereum mainnet, alongside other Ocean contract deployments. [Full list](https://github.com/oceanprotocol/contracts/blob/main/addresses/address.json). diff --git a/veocean-data-farming/df-details.md b/veocean-data-farming/df-details.md index b9f61174..ada95b2e 100644 --- a/veocean-data-farming/df-details.md +++ b/veocean-data-farming/df-details.md @@ -1,3 +1,6 @@ +--- +description: Granular details on the Data Farming program. +--- ## On Claiming DF Rewards How to claim? Go to the DF Webapp at [df.oceandao.org/activerewards](df.oceandao.org/activerewards) diff --git a/veocean-data-farming/df-intro.md b/veocean-data-farming/df-intro.md index 87a725fb..2d791679 100644 --- a/veocean-data-farming/df-intro.md +++ b/veocean-data-farming/df-intro.md @@ -1,3 +1,6 @@ +--- +description: An introduction to Data Farming and Ocean's core incentive streams. +--- # Rewards Data Farming (DF) incentivizes for growth of Data Consume Volume (DCV) in the Ocean ecosystem. diff --git a/veocean-data-farming/emissions-apys.md b/veocean-data-farming/emissions-apys.md index e568b7aa..948ca956 100644 --- a/veocean-data-farming/emissions-apys.md +++ b/veocean-data-farming/emissions-apys.md @@ -1,3 +1,6 @@ +--- +description: Details on the emission curves and a study on estimated APYs +--- # Emissions & APYs With veOCEAN, OceanDAO evolves to be more like CurveDAO: @@ -19,21 +22,21 @@ Let’s visualize! The image below shows the first 5 years. The y-axis is OCEAN released each week. It’s log-scaled to easily see the differences. The x-axis is time, measured in weeks. In weeks 0–29, we can see the distinct phases for DF Alpha (DF1 // week 0), DF/VE Alpha (DF5 // week 4), DF Beta (DF9 // week 8), DF Main 1 (DF29 // week 28), DF Main 2 (DF80 // week 79), DF Main 3 (DF106 // week 105), and DF Main 4 (DF132 // week 131). -![](./images/emissions_first_5years.png) +![](./images/emissions_first_5years.png) _OCEAN released to DF per week — first 5 years_ ## Emissions — First 20 years. The image below is like the previous one: OCEAN released per week, but now for the first 20 years. Week 131 onwards is DF Main 4. We can see that the y-value divides by two (“halvens”) every four years. -![](./images/emissions_first_20years.png) +![](./images/emissions_first_20years.png) _OCEAN released to DF per week — first 20 years_ ## Total OCEAN released. The image below shows the total OCEAN released by DF for the first 20 years. The y-axis is log-scaled to capture both the small initial rewards and exponentially larger values later on. The x-axis is also log-scaled so that we can more readily see how the curve converges over time. -![](./images/emissions_lifetime.png) +![](./images/emissions_lifetime.png) _Total OCEAN released to DF — first 20 years_ ## Example APYs @@ -42,7 +45,7 @@ The plot below shows estimated APY over time. Green includes both passive and ac APYs are an estimate because APY depends on OCEAN locked. OCEAN locked for future weeks is not known precisely; it must be estimated. The yellow line is the model for OCEAN locked. We modeled OCEAN locked by observing linear growth from week 5 (when OCEAN locking was introduced) to week 28 (now): OCEAN locked grew from 7.89M OCEAN to 34.98M OCEAN respectively, or 1.177M more OCEAN locked per week. -![](./images/example_apys.png) +![](./images/example_apys.png) _Green: estimated APYs (passive + active). Black: estimated APYs (just passive). Yellow: estimated staking_ The plots are calculated from [this Google Sheet](https://docs.google.com/spreadsheets/d/1F4o7PbV45yW1aPWOJ2rwZEKkgJXbIk5Yq7tj8749drc/edit#gid=1051477754). diff --git a/veocean-data-farming/faq.md b/veocean-data-farming/faq.md index 02b40a6a..573f60b6 100644 --- a/veocean-data-farming/faq.md +++ b/veocean-data-farming/faq.md @@ -1,9 +1,17 @@ -# Data Farming FAQ +--- +description: Frequently asked questions on the Data Farming incentive program. +--- +# FAQ -_Q: When exactly does counting start and finish, for a given week_ +## Data Farming FAQ + +
+When exactly does counting start and finish, for a given week? The counting starts at 12.01am on Thursday, and ends at 11.59pm on the following Wednesday. +
+ _Q: I staked for just one day. What rewards might I expect?_ At least 50 snapshots are randomly taken throughout the week. If you’ve staked just one day, and all else being equal, you should expect 1/7 the rewards compared to the full 7 days. @@ -18,7 +26,7 @@ No. At the beginning of a new DF round (DF1, DF2, etc), rules are laid out, eith Caveat: it’s no at least in theory! Sometimes there may be tweaks if there is community consensus, or a bug. -# Staking FAQs +## Staking FAQs _Q: What about passive stakers — people who just want to stake in one place and be done?_ A: Earnings are passive by default @@ -27,8 +35,7 @@ _Q: What about active stakers — people who want to do extra work and get rewar A: Ot works. Half the DF revenue goes to veOCEAN stake that users can allocate. Allocate well → more $$ -# Third-Party Market FAQs - +## Third-Party Market FAQs _Q: What do you think could be the monetization / incentive options for third party dApps and Data Markets that build on top of OCEAN?_ A: People pay fees on fixed-rate exchange and in consume. 3rd party markets can get a cut of both. More info at Ocean docs. @@ -37,7 +44,7 @@ _Q: Staking veOCEAN will be an important part in curating the most valuable data A: veOCEAN holders’ earning potential via fees and DF on their own could be quite substantial, eg given that a large portion of OCEAN supply is directed towards DF. No need for more ways per se. There won’t be a fee on locking OCEAN for veOCEAN, because adding that code would have meant changes to veCRV contracts, something we’re not doing for security reasons. Re ALGA or other apps making money on facilitating veOCEAN: there are several ways, the best way to get inspiration is to look at projects on top of base ve tokens, such as Convex, Aura, Redacted Cartel, and more. -# Pricing FAQs +## Pricing FAQs _Q: In this scheme, can people stake on fixed-price datasets?_ A: Yes. They allocate their veOCEAN to datasets. Then DF rewards follow the usual DF formula: DCV * veOCEAN stake. @@ -50,9 +57,7 @@ _Q: With pools getting wound down in Ocean Market, will fixed-price be its only A: For now in Ocean Market, yes. However people can price datatokens however they like, leveraging whatever DeFi tools they like. For example. do an IDO via Liquidity Bootstrapping Pool, ending up in an unmodified Balancer AMM. And we will continue listening to the community, to understand best where to focus our efforts. -# Chains FAQ - -Chains +## Chains FAQ _Q: Will the Market still need to be multi-chain?_ A: Yes, Ocean Market still needs to be multi-chain: all the reasons that we went multi-chain for are as valid as ever. diff --git a/veocean-data-farming/veocean.md b/veocean-data-farming/veocean.md index f6bf2ca9..ec387497 100644 --- a/veocean-data-farming/veocean.md +++ b/veocean-data-farming/veocean.md @@ -1,3 +1,6 @@ +--- +description: An overview of the governance token, veOCEAN (vote-escrowed). +--- # veOCEAN veOCEAN is a fork of veCRV and uses the same parameters. Nearly 500 million USD is locked across all forks of veCRV, with the leading DeFi protocols adopting this standard. By leveraging this, Ocean Protocol takes one step further towards decentralization by streaming incentives towards contributors that are aligned with delivering fundamental protocol traction.