We’re on @oceanprotocol’s #DataFarming Week 1! 🚀 💰 Receive $OCEAN for

Question

We’re on @oceanprotocol’s #DataFarming Week 1! 🚀 💰 Receive $OCEAN for

sourcing liquidity to #OCEAN data pools
💸 Multiply your rewards by staking datasets
🤝 Enjoy maximized data supply reward function

and more 👀 Don't forget to check👇

https://market.oceanprotocol.com/

https://twitter.com/H2O_data/status/1538797550827888640?s=20&t=7XplQi4uWL0miMv440W04A

#cryptocurrency #english #ocean

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20.06.2022

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Ashish Ram 🌊

S B
What does 'enjoy maximised data supply reward func...

Reward Function This section describes a tentative initial RF. It may change before the program initiates. RFij is the (non-normalized) contribution for actor i on datatoken j: where: Sij = actor i’s OCEAN stake in data asset j = (actor’s # BPTs in datatoken j’s pool / total # BPTs in pool) * (# OCEAN in pool) [2][3][4] Dj = # times data asset j has been consumed in the last week (= # consume transfers to the datatoken j’s Provider) The first term is log10(Sij). It reflects the actor’s belief in the relevance, quality, or potential usage of the datatoken. This incentivizes Providers to publish relevant data assets. We use log10 to level the playing field with respect to OCEAN whales; and so that OCEAN whales are incentivized to make a greater number of data assets available. This has theoretical roots in Kelly Betting: applying the log is the optimal strategy for an individual to maximize their utility in betting. The +1 is to avoid negative values for Sij=0. The second term, log10(Dj), is a direct measure for the usage of the data asset, and a proxy for its relevance or quality. We use log10 to incentivize actors to focus on usage of a greater number of assets. The +1 is to ensure there’s a reward even if the dataset is used once in a given week, and to avoid negative values for Dj=0. This RFij can be summarized as a binding of predicted popularity * actual popularity in terms of their orders-of-magnitude. As discussed, this is the initial RF. We anticipate feedback from the community to further improve it. To help long-term thinking and drive value to the protocol, we are considering lockup periods to ensure that rewards are not immediately sold by traders [ref]. It could even be “longer lockup, longer reward” like in Filecoin’s ICO or xDai Chain’s staking incentives. There may be other time-related criteria.

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20.06.2022

S B · Accepted Answer

S B

What does 'enjoy maximised data supply reward function ' mean?

0

20.06.2022

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We’re on @oceanprotocol’s #DataFarming Week 1! 🚀 💰 Receive $OCEAN for

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