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Frequently Asked Questions about Data Farming
As with any system, inherent risks exist. We try to minimize them, as follows.
- Passive DF: uses veCRV contracts which have been battle-tested in high volume since 2020.
- Volume DF: doesn't change veOCEAN behavior. Rather, separate contracts "see" the veOCEAN staked to compute amount of rewards.
- Challenge DF: no funds at risk
- Predictoor DF: you stake a small amount of OCEAN in each epoch (eg every 5min). If issues arise, you can get out quickly.
They are not auto-compounded.
They can be claimed/redeposited whenever you want. If you don't claim, they just stack up. There is no loss.
No. At the beginning of a new DF round, rules are laid out, either implicitly if no change from the previous round, or explicitly in a blog post if there are new rules.
Caveat: it’s "no" at least in theory! Sometimes there may be tweaks if there is community consensus or a bug.
If you've locked 10,000 OCEAN for a short period, it's possible to see a near-0% APY.
To boost your APY, consider locking your OCEAN for a more extended period. It's not only about the amount you lock but also the duration of the lock that matters most. Longer lock periods yield more significant results.
Also, remember that you don't need to claim rewards and re-stake every week. You could do it less frequently to avoid gas fees. (Balance this with the benefits of compounding.)
If I lock my OCEAN for 6 months and the price of OCEAN goes up during that time, will my staked tokens increase in value as well?
Yes. When you stake OCEAN, you'll receive them back at the end of the lock-up period. If the value increases during this time, your OCEAN will appreciate in worth. The same principle applies in reverse if the value decreases
How do I analyze projects and decide where to allocate? Do I look at current and past APYs, or is there more to consider?
Curators can select datasets to stake on based on previous DCV, publisher reputation, and more.
Finally, Predictoor data feeds are promising, since they have good baseline volume due to Predictoor DF.
The price is taken at the same time as each consume. E.g. if a data asset has three consumes, where the price was 1 OCEAN when the first consume happened, and the price was 10 OCEAN when the other consumes happened, then the total DCV for the asset is 1 + 10 + 10 = 21.
Yes, this information is available. Indeed, there is a technical aspect involved. You'll need to have some technical knowledge because you'll be required to query the subgraph. You can find a working example of how to get the list of holders in the subgraph documentation. Feel free to run the script by clicking on the "run" button.
 The initial version of Data Farming - in DF Alpha phase (DF1-DF4) - did involve providing liquidity to datatoken pools, and therefore did incur risk of Impermanent Loss (IL). For this reason and others, we moved away from pools, to veOCEAN for the DF/VE Alpha phase and beyond (>=DF5). Therefore there has been no IL risk since then. Here are details.
Last modified 24d ago