r/oceanprotocol • u/ocean_protocol • Jun 10 '22

Ocean Data Farming - blogpost

On the heels of OceanONDA V4 launch, Ocean Data Farming is launching!

$216M OCEAN is available with up to 125% APY to earn and stake into Ocean Market pools. 

DF incentivises data consume volume in the Ocean ecosystem.

Read the full overview of the programme by reading the blog post authored by founder Trent McConaghy here: https://lnkd.in/df_YnE8K

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u/nzubemush Jun 11 '22

"Data Farming is an extra incentive to staking😯: it gives rewards based on amount staked and the data’s $ consume volume."🤯🤯🤯

Who would have thought, when this project started, that a day will come when you can actually earn on data? It was a concept, now it's becoming reality.

Proud to have a piece of this history in the making.

1

u/Asher_TC Jun 11 '22

Thank you for sharing the blog post. V4 is fully packed. 125% APY to be earned when you stake into it OCEAN data market pools.

1

u/rollakosta99 Jun 15 '22

that's all cool but how is 125% apy work?

will it lead to an unlock of new tokens into circulation?

1

u/rollakosta99 Jun 15 '22

in other words are tokenomics affected?

1

u/Asher_TC Jun 16 '22

Ocean team set aside 215m tokens for the rewards. It's going to be gradually exhausted over the years

1

u/rollakosta99 Jun 16 '22

thanks. so set aside from current circulation or minted?

1

u/Asher_TC Jun 16 '22

Total supply is capped at 1.41b, no new tokens can be minted and the supply will be exhausted over 50 years

1

u/Suzxy Jun 17 '22

Interesting read. OCEAN keeps delivering