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Fix #1362: DF: need gifs
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.gitbook/assets/gif/love-ice-melting.gif
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.gitbook/assets/gif/my-mood-plot.gif
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---
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description: >-
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Estimated APY vs time
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Modeling APYs
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---
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<figure><img src="../.gitbook/assets/gif/my-mood-plot.gif" alt=""><figcaption><p></p></figcaption></figure>
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# Estimated APY vs Time
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The plot below shows estimated APY over time. It brings together data from the [OCEAN reward schedule](reward-schedule) and estimates of **amount staked (yellow line** in plot).
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description:
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---
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<figure><img src="../.gitbook/assets/gif/love-ice-melting.gif" alt=""><figcaption><p></p></figcaption></figure>
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# Liquid Staking
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This page is about liquid staking of veOCEAN using psdnOCEAN.
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### veOCEAN Limitation: not Tradeable
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### Background & Motivation
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Once you lock OCEAN, you get veOCEAN.
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Unlike OCEAN, veOCEAN cannot be traded or transferred. This is by design, to reconcile near-term and long-term incentives.
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Unlike OCEAN, veOCEAN cannot be traded or transferred. This is by design, to reconcile near-term and long-term incentives. Commit to holding OCEAN longer, and you earn more in the near term.
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Interestingly, there is a way to get the best of both: locked OCEAN yet tradeability. The idea is "liquid staking".
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But what if there _was_ a way to have lots of locked OCEAN, yet get tradeability? That's the idea of "liquid staking". In many ways, it's the best of both worlds.
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### psdnOCEAN Liquid Staking
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### Liquid Staking in Ocean
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**psdnOCEAN is a "liquid staking wrapper" for veOCEAN:**
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- It holds veOCEAN
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@ -7,7 +7,7 @@ description: >-
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<figure><img src="../.gitbook/assets/gif/aquaman-fade.gif" alt=""><figcaption><p>I've got veOCEAN, my work is done.</p></figcaption></figure>
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**This page** is about Passive DF, and veOCEAN. There's also a [user guide page](passivedf-guide.md), and a [page for liquid staking](liquid-staking.md)
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**This page** is about Passive DF, and veOCEAN. There's also a [user guide page](passivedf-guide.md), and a [page for liquid staking](liquid-staking.md).
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# About veOCEAN and Passive DF
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