Data Farming Rewards
Learn how to generate OCEAN rewards by using our Data Farming dApp
Data Farming is Ocean Protocol's core incentive program that rewards participants to onboard the protocol and create value by using tools that help grow it further.
Data Farming participants earn OCEAN rewards across 2 main streams Passive Rewards and Active Rewards. Participants are able to receive rewards passively, actively, or both by engaging in a variety of activities.
Passive Rewards provides a way for all contributors to participate.
Active Rewards focuses on incentivizing the curation and publishing of high-quality data assets and DataNFTs within the Ocean Ecosystem.
We have used battle-tested contracts that safeguard billions (veCRV). With this model there is no liquidity risk. You can’t lose your OCEAN through Impermanent-Loss (IL). It is merely locked.
Farming 101 introduces Data Farming, the various 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 having a better idea of what subject you might want to learn about next.
Learning about veOCEAN will help you answer the question "What is the purpose of veOCEAN?" and give insights on how veOCEAN (vote-escrowed OCEAN) is used inside of Ocean Protocol to help advance the protocol.
Passive Rewards is the first reward stream within Data Farming.
It's a fixed stream that focuses on incentivizing participants to easily onboard and help the protocol grow.
It is by-design, without the need for anyone to put in any significant effort. You simply need to lock your tokens for a period of time.
Passive Rewards offers a defined amount of rewards for each round that is divided amongst veOCEAN holders based on how much they hold.
Active Rewards is the second reward stream within Data Farming.
It's an evolving stream that focuses on driving fundamental traction and growth of the protocol.
This offers contributors a variety of ways to help Ocean Protocol grow and increase your Data Farming rewards:
- 1.Volume DF
- 2.Challenge DF
Curate Data with Volume DF
If you have locked your OCEAN tokens in exchange for veOCEAN, this is the ideal opportunity for you to utilize those veOCEAN tokens to earn higher yield.
Please note, 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
Challenge DF requires participants to submit predictions as close to the price of ETH as possible in order to be in the top 3 participants to win rewards.
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: