Hey guys. Just bough a few Ocean lately. What is the

Question

Ocean Protocol 🌊

Shitman

Hey guys. Just bough a few Ocean lately. What is the

staking mechanism atm?

#cryptocurrency #english #ocean

0

07.03.2024

2 ответов

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KreigDK | Never DM first🌊

Hello Gorka! We’re glad to see you here in the Ocean Protocol community 🌊

0

2 месяца назад

awesomeQA · Accepted Answer

To stake OCEAN tokens, you can lock them and earn rewards via Ocean Data Farming. By locking your OCEAN in the Data Farming dApp, you'll receive veOCEAN, allowing you to vote on your favorite assets in the Ocean ecosystem. Rewards are earned by locking OCEAN for veOCEAN over a period, with the longer lock periods offering more rewards. After the lock period, you can withdraw your OCEAN. For more details, you can refer to the [official tutorial](https://docs.oceanprotocol.com/veocean-data-farming/veocean-data-farming-tutorial). Additionally, while a staking calculator is being developed, you can estimate your APY [here](https://docs.oceanprotocol.com/user-guides/data-farming/how-to-estimate-apy) [FAQ]. Generated using AwesomeQA AI. Please rate this answer.

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