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| Learn how to generate OCEAN rewards by using our Data Farming dApp | ../.gitbook/assets/cover/rewards_banner.png | 0 |
Welcome to Data Farming
Why did we create Data Farming?
The purpose of Ocean Protocol's Data Farming incentive programs is to onboard participants onto the protocol, and provide them with the tools needed for the growth, curation, and publishing of high-quality data NFTs in the Ocean Ecosystem.
Data Farming participants earn OCEAN rewards across 2 main streams Passive Rewards and Active Rewards.
Introduction
Farming 101 introduces Data Farming, the different reward systems, how they work, and how to access them. By the end of the document, you should feel more familiar with Data Farming concepts and confident to take next steps towards estimating APYs, locking your OCEAN, and accessing other reward streams.
veOCEAN
Learning about veOCEAN will help you answer the question "What is the purpose of veOCEAN?" and give insights on how veOCEAN (vote-escrowed OCEAN) works.
Before making any decisions, we recommed you reading up on how to estimate APY and putting together plan for locking up your veOCEAN.
Passive Rewards
At a minimum, Data Farmers earn Passive Rewards for locking their $OCEAN and receiving $veOCEAN in return.
Active Rewards
For participants that are more engaged and want to increase their yield, the Active Rewards stream is broken down into multiple substreams. This offers contributors a variety of ways to help Ocean Protocol grow and increase your Data Farming rewards: Volume DF, Challenge DF.
Curate Data with Volume DF
In the Volume DF substream, curators can maximize their yield by participating in Volume DF.
Volume DF requires participants to curate quality datasets that are driving sales and are helping Ocean Protocol achieve traction.
Delegate Curation
Delegation 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 managing your Allocation Power and cut from the rewards.
Predict with Challenge DF
In this substream, Data Scientists can maximize their yield by participating in Challenge DF.
Challenge DF requires participants to submit algorithms that predict the price of ETH correctly in order to win rewards.
Further Reading
Finally, if you want to continue expanding your knowledge on OCEAN token emissions, APY estimates, and get useful answers to some of the most common questions, you can read the following:
Emissions & APYs will provide you will information about how OCEAN will be released over time through the Data Farming program and provide you with APY studies.
Data Farming Background will provide you with a lot more information about Data Farming, how the program evolved, and explain detailed mechanisms of the program such as the Reward Function.
Our FAQ answers many different questions about staking, chains, deployments, and other details that may be valuable to you.
Reference
All content within has been assembled via reference of the Ocean Data Farming Series, official Ocean Protocol github repositories, and v4 Whitepapers.