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🌊Next on the @gaiax_aisbl #hackathon4 agenda: the integration of a real-world manufacturing use case into the #GaiaX framework. We continue, what we have started together with @EuProGigant during the @hannover_messe.

βœ…With its industry-related use cases, EuProGigant perfectly fits with our ambitions to enable open, transparent, secure and decentralized digital ecosystems.

βœ…Visitors could experience how the data of two connected CNC machining centers at different locations flew together on one platform and were made available securely and decentralised via the Minimal Viable Gaia-X Demonstrator of @deltaDAO, based on @oceanprotocol.

βœ…Now we go one step further and integrate the Gaia-X Compliance Service and Trust Framework into the validation platform.
The Trust Framework, previously known as the Gaia-X Compliance and Labelling Framework, has the same guiding principle.

βœ…To ensure common governance and the basic levels of interoperability between ecosystems.
The Gaia-X self-description files have also been linked to the Trust Framework. You can find the new Trust Framework document here: https://gaia-x.eu/wp-content/uploads/2022/05/Gaia-X-Trust-Framework-22.04.pdf

βœ…In our hacking session, we will create a set of self-descriptions that aim to be Gaia-X compliant. Together with the Gaia-X community we will further develop the Compliance Service and the EuProGigant Demonstrator. You can find the Demonstrator here: https://euprogigant.portal.minimal-gaia-x.eu

https://twitter.com/deltaDAO/status/1539147359610970112?s=20&t=WI6cjwFjd_TIkvzCMXDeLw
πŸ’‘StealthEX on OCEAN:

Understanding @oceanprotocol might be a bit tricky; that's why our team has prepared a whole dedicated page about it! 🌊

Take a moment to learn about what $OCEAN is, its features, its possible future, and the tech βš™οΈ

https://stealthex.io/coin/ocean-protocol

https://twitter.com/StealthEX_io/status/1538919674162855946?s=20&t=IN9u6cjm45tpQjS-x0zDVA
πŸ’‘MetaGameHub DAO on OCEAN🌊:

βœ…We have successfully migrated our datasets to @oceanprotocol ONDA V4

The Metaverse LAND dataset has the second largest TVL on the marketplaceπŸš€πŸš€πŸš€πŸš€

Forget about the bear market, its farming season!πŸ§‘πŸ½β€πŸŒΎ

https://market.oceanprotocol.com/asset/did:op:053982d25efa70507165b513a00bdbe6b3a5aeb47d212dcb9cf942cac377db1e

https://twitter.com/MGH_DAO/status/1538911440370864130?s=20&t=zw5RfcqCdktUEb7p9hIjWg
FEATURE πŸ“‡"Ocean Protocol’s marketplace pioneers incentivisation of data owners to take control of their data"

Explore how OceanONDA V4 speeds the adoption of "unchartered horizons" like DeFi in this latest article by @Crypto_Potato!

@realdatawhale

https://cryptopotato.com/onda-web-3-data-marketplace-on-ocean-protocol-to-redefine-data-monetization/

https://twitter.com/oceanprotocol/status/1539233215323459585?s=20&t=zw5RfcqCdktUEb7p9hIjWg
You have burningπŸ”₯questions about Data Farming🚜and we want all of them to be answered!

Ocean founder @trentmc0 is hosting a second #DF AMA: live questions, live answers!

Join us TOMORROW @ 12 PM UTC on Ocean's TG channel and fire away!

https://t.co/jZfuWEch8r
Cannot make it to the event? We've got you covered!

Ask your questions here in a comment to this tweet or in the Ocean Telegram channel with the hashtag #DataFarming and we will get them answered for you!

See you tomorrow!
Are your alarm clocks ready⏲ there is only 2h30 left ⏳

Be sure to join us at the 2nd #DataFarming AMA on Ocean Telegram where Ocean founder @trentmc0 is going to be answering your live questions on the DF program!

πŸ’₯12 PM UTC

https://t.me/OceanProtocol_Community

https://twitter.com/oceanprotocol/status/1539541181616750592?s=20&t=llO_tvdQSJsL3ksBhun9WA
Data farming is raging on, Oceaners!πŸš€πŸšœ

If you haven't started staking yet, not to worry! 😎🌊

Here are some notes and worked examples to help you better understand how rewards are distributed!πŸ‘‡

In Data Farming, more consumption equals more rewards. But how does consumption impact weekly earnings?

As per data farming rules, stakers are eligible to earn weekly rewards up to 125% APY whenever a dataset is consumed.

Q1: What does consumption mean? What if I stake on data with no consumption?

βœ…A: No consumption equals no rewards.

Example: Alice stakes 100,000 OCEAN into Bob's dataset. However, Bob's dataset has not been curated recently and, because of that, it registered no sales. Because Bob's dataset was not consumed this week, Alice will not receive any rewards.

Q2: How can I pick a dataset? How can I increase consumption? What are the differences between staking and data farming?

βœ…Example: Bob decides to update his dataset and promote it. This creates more interest, which leads to more people consuming it. As a consequence, Bob and Alice both benefits from the data activity.

Bob registers one sale, and Alice earns 2 rewards: a fee on all pool trades proportionally to her share of the pool + data farming rewards.

Data farming rewards, in fact, are extra incentives paid on top of swap fees, and based on the amount staked and data consume volume.

Let's walk through the formulas used to calculate Data Farming rewards πŸ‘‡

Where:

i = staker = Alice
j = pool = Bob's pool

1️⃣ Reward Function α΅’β±Ό = Amount Staked α΅’β±Ό * Consumptionβ±Ό

This formula calculates the reward function of staker i into pool j. This means that if Alice stakes 100,000 OCEAN into Bob's pool, her reward function equals to 100,000 OCEAN multiplied by Bob's data consume volume.

However, Alice final rewards are calculated based on total amount staked across ALL pools. If there are more pools in the market other than Bob's, Alice rewards will be shared based on how big her share of the pool is against the total. The bigger pool share, the bigger rewards.

2️⃣ Pool Share Score = (Reward Function α΅’β±Ό / Total Reward Function)

This formula serves to calculate Alice's rewards proportionally to the total amount staked across all pools.

So, if Alice is the only staker in Bob's pool and Bob's pool is the only pool available in the market, Alice will receive 100% of the weekly rewards available for that pool. This means Alice will have a Pool Share score of 1.

What does this mean in OCEAN terms?

3️⃣ Weekly Rewards α΅’ = Pool Share Score * Total Amount Staked * WPY

This formula calculated Alice final rewards by aggregating Alice's pool share, the total amount staked across different pools by all market participants and the WPY of DF Alpha which equals to 0.0157171.

So, Alice weekly rewards will be calculated as follows:

100,000 * 0.0157171 * 1 = 1571.7 OCEAN

πŸ“š Keen to deep dive into the numbers of #DF? Want to learn how to calculate APY from compounded WPY?

Read Ocean founder @trentmc0 latest article, ask your questions during today's AMA or anytime after that, with hashtag #datafarming 🚜

πŸ’‘https://blog.oceanprotocol.com/ocean-data-farming-examples-c2d67a17b5f5

https://twitter.com/oceanprotocol/status/1539550314550169600?s=20&t=BoMO52662p_luYnv-wti8w
πŸ“š Keen to deep dive into the numbers of #DF? Want to learn how to calculate APY from compounded WPY?

Read Ocean founder @trentmc0 latest article, ask your questions during today's AMA or anytime after that, with hashtag #datafarming

πŸ’‘https://blog.oceanprotocol.com/ocean-data-farming-examples-c2d67a17b5f5

https://twitter.com/oceanprotocol/status/1539550366437896193?s=20&t=BoMO52662p_luYnv-wti8w
Great panel discussion with @BrucePon (@oceanprotocol) @pbusch42 (@BoschGlobal) and Hartmut MΓΌller (@MercedesBenz) on the adoption and future of the #cryptoeconomy #data #DAOs and our personal twins in the #metaverse. Winter time ❄️ = BUIDL time πŸ‘· @RolandBerger

https://twitter.com/PierreSamaties/status/1539224833871028225?s=20&t=BoMO52662p_luYnv-wti8w
deltaDAO on OCEAN🌊

βœ…The @gaiax_aisbl #hackathon4 is over and we want to thank all participants for their passionate contributions! We feel very honored to be part of this #GaiaX community and to work together on the vision of a digital data economy according to European values. https://t.co/WWEpqTrgOQ

βœ…Our joint validation platform with @EuProGigant shows that a real-world adaptation of Gaia-X is not far away. The integration of the Trust Framework into the demonstrator proves that Gaia-X compliance can be used. Check it out here: https://t.co/4yWwRJ95O3

βœ…Together with Gaia-X and @oceanprotocol we are one step closer to opening the prevailing data silos and creating an ecosystem where data can be shared and monetized in a trustworthy environment. We want to give users control back over their data. And it's working.

https://twitter.com/deltaDAO/status/1539488487229034497?t=XCAAJxrNcjAdyzjbKbVzbw&s=19
#NewMilestone! πŸ‘πŸš€πŸ’₯

Less than a week from DF launch and we're counting almost 2 Million OCEAN (1,886,133 OCEAN)
locked across 12 asset pools. This corresponds to a TVL of €669,053.03! πŸ’Έ 🐬

Here are the 3 largest datasets to stake onπŸ‘‡

1️⃣ OceanONDA DataFi Directory V4

Curated by @realdatawhale


πŸ’·Total Value Locked 1,697,376 OCEAN

See it here: https://t.co/xxKN8cewhI

2️⃣ The Metaverse LAND Dataset

Curated by @MGH_DAO


πŸ’·Total Value Locked 100,095 OCEAN

See it here: https://t.co/vkhvtxnFRo

3️⃣ Transport Genie Vault

Curated by @Transportgenie


πŸ’·Total Value Locked 66,800 OCEAN

See it here: https://t.co/xcm7NkB8cW


Remember: You can stake OCEAN in any data pool in Ocean Market at no costs.

As a liquidity provider, you earn a % cut of all swap fees. That's built in!

Data Farming gives *extra* rewards based on your stake and the data’s consume volume.
If it is Wednesday, it is @OceanDAO_ Town Hall day! πŸ›πŸŒŠ

Join us at ⏲3PM UTC today as we discuss the upcoming Round 19 of our community grants program and overall developments in the OceanDAO ecosystem!

Deets: https://bit.ly/3LYj4dP
If you are one of the lucky winners of the #DailyChallenge campaign, the day is finally here! πŸŽ‰

All 18 winners have been airdropped a NFT representing a fragment from Ocean Aquabot πŸ”₯

To view your NFT, make sure you check your wallet and connect to the Polygon network first.

https://twitter.com/oceanprotocol/status/1540283060494946309?s=21&t=n-je6JCxz-MDLDuPJSmglw
Great News! The 10KOCEAN rewards for the first week of Data Farming Alpha have been distributed! πŸ₯³

If you provided liquidity/staked your OCEAN in datasets with Data Consume Volume (DCV) you can claim your weekly rewards here: df.oceandao.org πŸš€βœ…

https://twitter.com/oceanprotocol/status/1540289421144387587?s=21&t=n-je6JCxz-MDLDuPJSmglw
ICYMI| This week at Ocean 🌊

Want to publish a data NFT in the Ocean Market? See how in this blog post from @Jamie_Hewitt_

https://t.co/2gxt1xew4b

🌊Ocean founder @trentmc0 published an explanatory blog post on Data Farming with examples of how the program works.

Access the full write-up here: https://t.co/77FP908rwF

🌊In less than a week from DF launch, 2 Million OCEAN (2,202,970.102 OCEAN) has been locked across 12 asset pools. This corresponds to a TVL of €839,922.00.

🌊Rewards for the first week of Data Farming Alpha have been distributed. If you provided liquidity/staked your OCEAN in datasets with Data Consume Volume (DCV) you can claim your weekly rewards at: https://t.co/JfyO0Hue7d

🌊MEDIA

πŸš€Ocean was featured as a project seeding the adoption of ""previously unchartered horizons"" like DeFi in the latest article by @Crypto_Potato

@realdatawhale

https://twitter.com/oceanprotocol/status/1540338526218502145
Did someone say Airdrop? πŸ‘€

The 2nd tranche of @H2O_data airdrop has been rewarded! 🌊

If you voted in @OceanDAO_ you can now claim your second airdrop of $PSDN tokens.

https://twitter.com/oceanprotocol/status/1541391912325849088?s=21&t=wCFzPS5xrFxOPcTnDMOJ9Q
The OceanONDA V4 Market tutorials created by @realdatawhale are now live! πŸ’₯

Check them out - more than 20 videos for data providers, consumers and stakers are available for you.

https://twitter.com/oceanprotocol/status/1541406123747692546?s=21&t=wCFzPS5xrFxOPcTnDMOJ9Q
FIX: @0xPolygon users connected through @WalletConnect can use all features of the market again. Previously, the wallet balance retrieval was failing sporadically on Polygon, leading to various issues for actions like adding liquidity to an asset pool.

github.com/oceanprotocol/market/pull/1548

https://twitter.com/shipping_ocean/status/1541366692449755136?s=21&t=wCFzPS5xrFxOPcTnDMOJ9Q