Reward Schedule
Know the OCEAN reward schedule, towards understanding yields
Overview
DF proceeds one round at a time. Each round is weekly.
Rewards are distributed at the end of every week, for the activity of the previous week.
The reward schedule = the emission schedule, definining the weekly OCEAN budget for DF. DF currently rewards 300K OCEAN per round. Over time, rewards will increase to be as high as 1.1M OCEAN / week, then decay over time Bitcoin-style.
DF rounds are grouped into four phases: DF Alpha, DF/VE Alpha, DF Beta, and DF Main. We are now in the "DF Main" phase.
The table below shows OCEAN rewards per round, and corresponding phase.
DF Phases
Each of the first three phases -- DF Alpha, DF/VE Alpha, and DF Beta phases -- had a fixed value. Each of these ran for 4-20 weeks. The final phase -- DF Main -- runs for decades with a Bitcoin-like emissions-schedule (plus a burn-in-period).
Phase: DF Alpha - Rounds 1-4 (4 wks)
10K OCEAN rewards per week.
Counting started Thu June 16, 2022 and ended July 13, 2022. It ran for 4 weeks. DF was temporarily paused after this, for time to put veOCEAN into place.
The aim was to test technology, learn, and onboard data publishers.
Phase: DF/VE Alpha - Rounds 5-8 (4 wks)
10K OCEAN rewards were per week.
Counting started Thu Sep 29, 2022 and ended Oct 27, 2022. It ran for 4 weeks.
The aim was to resume Data Farming with veOCEAN, test the technology, onboard data publishers, and keep learning.
Phase: DF Beta - Rounds 9-28 (20 wks)
Up to 100K OCEAN rewards per week.
Counting started on Oct 27, 2022, ie the day DF/VE Alpha ended. Counting ended on March 15, 2023. It ran for 20 weeks.
The aim was to test the effect of larger incentives, and support ecosystem participation, while continually refining the underlying technology.
Phase: DF Main - Rounds 29-1000+
Rewards began at 150K OCEAN per week, and go up to 1.1M OCEAN per week. Total emissions are 503.M OCEAN.
Counting started on March 15, 2023, ie the day DF Beta ended. It runs for decades.
DF Main's schedule mimics Bitcoin including a half-life of 4 years. Unlike Bitcoin, there is a burn-in period to ratchet up value-at-risk versus time. Burn-in is implemented via four sub-phases: DF Main 1, 2, 3 and 4 with multipliers of 10%, 25%, 50%, and 100% respectively.
DF Main 1 emits 150K OCEAN per week. It runs 12 months.
DF Main 2 starts on Mar 14, 2024 (DF80). Rewards go 2x, to 300K OCEAN / week. It runs 6 months.
DF Main 3 starts on Sep 12, 2024 (DF106). Rewards go 2x, to 600K OCEAN / week. It runs 6 months.
DF Main 4 starts on Mar 13, 2025 (DF132). Rewards begin at 1.1M OCEAN / week then halve every four years. It runs for decades.
Visualize Emissions: First 5 years
Let’s visualize emissions!
The image below shows the first 5 years (including all DF Phases). The y-axis is OCEAN released each week. It’s log-scaled to easily see the differences. The x-axis is time, measured in weeks. In weeks 0–29, we can see the distinct phases for DF Alpha (DF1 // week 0), DF/VE Alpha (DF5 // week 4), DF Beta (DF9 // week 8), DF Main 1 (DF29 // week 28), DF Main 2 (DF80 // week 79), DF Main 3 (DF106 // week 105), and DF Main 4 (DF132 // week 131).
Visualize Emissions: First 20 years
The image below is like the previous one: OCEAN released per week. But now, we show for the first 20 years. Week 131 onwards is DF Main 4. We can see that the y-value divides by two (“halvens”) every four years.
Visualize Total OCEAN released
The image below shows the total OCEAN released by DF for the first 20 years. The y-axis is log-scaled to capture both the small initial rewards and exponentially larger values later on. The x-axis is also log-scaled so that we can more readily see how the curve converges over time.
Further resources
The blog post "Data Farming Main is here" provides further detail yet.
Next: APYs
Back: Claim Rewards
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