Tomorrow

#DF

📆Mark your calendars

Data Farming launches on June 16!🚜🚀

Join Ocean founder @trentmc0 at the #DF launch event on Twitter Spaces!🌊

⏲️16th June @ 5:30 PM UTC

Tune in here: https://t.co/mFeYiRI3W8

#DailyChallenge 5 is here!🚀🛠

Let's gear up and make some waves for #DataFarming 🚜

🎁What's on offer? NFTs for the most interesting questions on #DF!

Deets below! 👇

The challenge kicks off today, starting now, and it will run until tomorrow June 16 @ 7 AM UTC 🥷🏽

Ask your question as a reply to this tweet or on Telegram, making sure you use the hashtag #DataFarming when making your submissions!

The 3 winners will be announced by founder @trentmc0 at the end of the Data Farming Launch event on Twitter Spaces, tomorrow, 16th June @ 5:30 PM UTC!

So start asking your questions and see you tomorrow for the #DF launch event!👌

https://twitter.com/oceanprotocol/status/1536997642366242816?s=20&t=XCOYahaIFO8bhlPslvj_vQ

Are you all ready?! 🔥🔥🔥

🎉Data Farming is launching TOMORROW so join us for the #DF launch event on Twitter Spaces at 5.30PM UTC with Ocean founder @trentmc0!

Tune in here: https://twitter.com/i/spaces/1OyKA

✅Get ready and access the #DF blog post here for more details:
https://blog.oceanprotocol.com/ocean-data-farming-is-launching-f633532d831c

REMEMBER: You have till tomorrow @ 7 AM UTC to ask your questions on Data Farming with NFTs on offer as rewards!💸

Make sure to keep your submissions coming on Telegram or on Twitter as a reply to the #DailyChallenge 5 thread and get them answered LIVE at the event by @trentmc0

So lets set our alarm clocks and sharpen our tools as FARMING begins tomorrow! ⏰

#OceanONDAV4 #DataFarming🌊

https://twitter.com/oceanprotocol/status/1537054923434921984?s=20&t=3aHQkUyKtWVsZLx3iO-mBA

and the countdown begins! ⏳

Just an hr to go! 🚀

Tune into twitter spaces sharp at 5:30 PM UTC

https://t.co/mFeYiS0dag and join Ocean founder @trentmc0 for the Data Farming launch event TODAY to get all your questions answered on #DF!

#theyearofadoption https://t.co/2ccb6oo5aq

So many questions!💬

Data Farming is making some huge waves!🚜

For asking the most interesting questions on #DF as part of #DailyChallenge 5, @SupplyDefi @LitaBuba @ov3rlord have won 1 x NFT from the solarpunk underwater artwork!

CONGRATULATIONS 🎊❤️‍🔥

PFA the next steps! 👇

✅DM us on Twitter with your email and wallet addresses to claim your reward!

The NFTs will be transferred by next week! Let's hold on to that curiosity as more challenges are underway!

#OceanONDAV4

You have burning🔥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!

Data farming is raging on, Oceaners!🚀🚜

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!👇

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?

✅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?

✅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 👇

Where:

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

1️⃣ Reward Function ᵢⱼ = Amount Staked ᵢⱼ * Consumptionⱼ

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 ᵢⱼ / 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 ᵢ = 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

📚 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 🚜

💡https://blog.oceanprotocol.com/ocean-data-farming-examples-c2d67a17b5f5

https://twitter.com/oceanprotocol/status/1539550314550169600?s=20&t=BoMO52662p_luYnv-wti8w

📚 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

💡https://blog.oceanprotocol.com/ocean-data-farming-examples-c2d67a17b5f5

https://twitter.com/oceanprotocol/status/1539550366437896193?s=20&t=BoMO52662p_luYnv-wti8w

Now is your time to shine, Oceaners!🌊

With data farming live 🚜, the scope of OceanONDA V4 @immunefi bug bounty has been extended with the addition of two new Data Farming smart contracts!

Go to immunefi.com/bounty/oceanpr… and submit bugs to make #DF more robust!

https://twitter.com/oceanprotocol/status/1541379986048880641?s=21&t=oR1C8pMNR9EKRga66MGCXw

All the information you could need on Data Farming is now in one place! 👨‍🌾😎

Access the latest article by Ocean founder @trentmc0 to find the key resources about #DF – from the mechanism to Data Farming Examples!

Read more here: https://t.co/XQfTuR2Wob

New day, new milestone! 🚀

Since the start of Data Farming Alpha we are counting more than 3 Million OCEAN locked across 15 asset pools. This corresponds to a TVL of €1,269,876.94!💸

2 days until rewards for #DF 2 are distributed

Stake OCEAN today: https://t.co/jUxgiwO1qY
https://twitter.com/oceanprotocol/status/1542070725560995840?t=jHmMJ5El4JRffgr1vbemUg&s=19

Great News! The Data Farming 2 has gone by, and another 10K OCEAN rewards have been distributed for #DF Alpha! 🥳

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

👇

https://twitter.com/oceanprotocol/status/1542812020172500993?s=21&t=VhXmddTokmjxg05FEDUpeQ

We are now diving into the 3rd week of #DF Alpha 🧑‍🌾💥

1️⃣ Go to Ocean Market
2️⃣ Connect your Wallet
3️⃣ Add liquidity/stake to your favorite dataset

Farming rewards are distributed weekly on each Thursday to those who staked/provided liquidity in datasets with data consume volume (DCV > 1) 👨‍🌾 🌊

Stake now: https://market.oceanprotocol.com

https://twitter.com/oceanprotocol/status/1542828395150581761?s=20&t=VV9H1qOvTMbedJarfe4Amw

We are now diving into the 3rd week of #DF Alpha 🧑‍🌾💥

1️⃣ Go to Ocean Market
2️⃣ Connect your Wallet
3️⃣ Add liquidity/stake to your favorite dataset

https://twitter.com/oceanprotocol/status/1542829415759024129?t=iBM73x6BoMalXEiTun8JTg&s=19

ICYMI| This week at Ocean 🌊

1️⃣ Data Farming: All things DF in one place! 😎👨‍🌾

Access this latest article by Ocean founder @trentmc0 that lists key resources about #DF – from the mechanism to Data Farming Examples!

Read more here: https://buff.ly/3ONL19m

2️⃣ With Data Farming Live 🚜 the scope of OceanONDA V4 @immunefi bug bounty has been extended with the addition of two new Data Farming smart contracts!

Go to https://immunefi.com/bounty/oceanprotocol/ and submit bugs to make #DF more robust!

3️⃣New milestone! 🚀

Since the start of Data Farming Alpha we are counting 3,275,503.407 OCEAN locked across 15 asset pools. This corresponds to a TVL of €1,100,824.63 💸

10KOCEAN rewards have been distributed for #DF Alpha 2

If you provided liquidity/staked your OCEAN in datasets with Data Consume Volume (DCV) you can claim your weekly rewards here: https://df.oceandao.org 🚀✅

5️⃣H2O: 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.

More info here: https://buff.ly/3R1kHdF

6️⃣ DEMO: Learn what OceanONDA V4 has to offer 🚀🌊

Walk through how to purchase a dataset in Ocean Market with this tutorial by @Jamie_Hewitt_ 🚀🌊

https://youtu.be/gF48nzaMgXA

7️⃣ MEDIA: Ocean was featured in @ReportLinker's report as a key player in the Web 3.0 Blockchain Market 🚀

Access the full report here: https://buff.ly/3Nrb8BO

https://twitter.com/oceanprotocol/status/1542871982718554112?s=20&t=Aa6KaYfR8XFjihZMc5l4nQ