#veOCEAN is coming to the Ocean ecosystem
๐ Following feedback from the community and recent learnings, we are introducing
veOCEAN to best align the incentives of token holders and liquidity providers.
Continue reading
๐ https://t.co/Cme16cby0xHow?
๐ veOCEAN holders can lock their $OCEAN tokens over a time period to earn rewards and voting power. The longer the lock period, the higher the rewards and the voting power.
They can also vote on proposals and earn rewards, both from consume fees and data farming.
veOCEAN holders can earn passive rewards, solely by locking their $OCEAN.
Or, they can be active by allocating
veOCEAN to higher-quality datasets for greater earnings.
Going forward,
veOCEAN will be the main mechanism for staking $OCEAN and for curation of datasets. Itโs lower risk than Ocean datatoken pools, and it delivers similar benefits.
When?
โฐhttps://twitter.com/oceanprotocol/status/1546878528813400064