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How to capitalize with Ocean Protocol's Data Farming dApp

How to Data Farm

The bread and butter of the Data Farming dApp is incentivizing OCEAN rewards for curating high quality datasets and algorithms on the Ocean Market. The way that users curate high quality assets on the Ocean Market is by allocating veOCEAN to them using the Data Farming dApp. We'll show you how!

Step 1 - Navigate to the Data Farming dApp

Step 2 - Connect your wallet

  • Connect your wallet to the Data Farming dApp using the Ethereum network (mainnet)

Step 3 - Click on the Farms tab in the top menu

Click the Farms page link in the menu

Step 4 - Select the assets on the Ocean Market 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!
  • Note that if you allocate to an asset which YOU published, then you will get 2x the rewards of any sales. The rows for assets that you publish will appear cream colored.

Toggle the percentage of your veOCEAN that you would like to allocate to each asset

Step 5 - Click the Update Allocations button

  • Click the pink Update Allocations button
  • Sign the transactions with your wallet & pay the gas fees

Click the Update Allocations button

That's it! You've successfully allocated (aka "voted on") your favorite assets on the Ocean Market using your veOCEAN tokens. Now, just wait until next Thursday to see if you can claim any OCEAN rewards on the Active Rewards section of the Rewards page for your portion of the assets' sales.