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43 lines
1.9 KiB
Markdown
43 lines
1.9 KiB
Markdown
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# veOCEAN and Liquid Staking
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### veOCEAN is not Tradeable
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Once you lock OCEAN, you get veOCEAN.
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Unlike OCEAN, veOCEAN cannot be traded or transferred.
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However, you can [delegate](delegate.md) veOCEAN to others, who then controls allocation to data assets and receives rewards.
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psdnOCEAN offers interesting optionality; see next section.
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### psdnOCEAN Liquid Staking
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While you can't trade veOCEAN, **you can trade psdnOCEAN.**
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**psdnOCEAN is a "liquid staking wrapper" for veOCEAN:**
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- It holds veOCEAN
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- And it allows transfers (using ERC20 interface)
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psdnOCEAN is a product by [H2O](https://www.h2odata.xyz//), a team separate from - and collaborating with - the Ocean core team.
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### How to convert OCEAN <> psdnOCEAN
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- You can lock OCEAN for psdnOCEAN via [the H2O "convert" dapp](https://liquid-staking.h2odata.xyz/convert/ocean).
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- psdnOCEAN can be traded in exchanges. The main option is the [OCEAN-psdnOCEAN Balancer pool](https://app.balancer.fi/#/ethereum/swap?outputCurrency=0x51Fa2efd62ee56a493f24AE963eAce7D0051929E). [Here are pool details.](https://app.balancer.fi/#/ethereum/pool/0xf8c4cd95c7496cb7c8d97202cf7e5b8da2204c2b00020000000000000000039e). ⚠️Be careful - if liquidity is low you will experience high slippage.
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### Rewards to psdnOCEAN holders
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- Since psdnOCEAN holds veOCEAN, then Passive DF rewards go to that psdnOCEAN-held veOCEAN according to the usual Passive DF rules.
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- Over time, psdnOCEAN may also get rewards from other DF streams or protocols too.
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### psdnOCEAN Resources
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- [Here's](https://blog.oceanprotocol.com/psdnocean-the-first-liquid-staking-wrapper-by-the-h2o-team-is-now-live-a3330e15fa5c) the original psdnOCEAN announcement.
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- psdnOCEAN on...
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- [Etherscan](https://etherscan.io/token/0x51fa2efd62ee56a493f24ae963eace7d0051929e)
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- [CoinGecko](https://www.coingecko.com/en/coins/poseidon-ocean)
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- [GeckoTerminal](https://www.geckoterminal.com/eth/pools/0xf8c4cd95c7496cb7c8d97202cf7e5b8da2204c2b)
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