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Noybe-

Is veOCEAN actually similar to a liquidity provider reward?

#cryptocurrency #english #ocean
0

1 ответов

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awesomeQA-

Yes, veOCEAN functions in a way that's similar to a liquidity provider reward but with a specific focus. It's part of the Data Farming program which incentivizes the publishing and consuming of data assets in the Ocean ecosystem. By staking OCEAN tokens to receive veOCEAN, users can allocate veOCEAN to data assets, effectively curating data assets with high data consume volume. This is akin to providing liquidity but is specifically aimed at supporting and rewarding the use of data assets within the Ocean Protocol. It's important to note that veOCEAN tokens themselves are not tradeable or transferable but can be delegated to others for farming [1] [FAQ]. Generated using AwesomeQA AI. Please rate this answer.

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1 месяц назад

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