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A decentralized data exchange protocol
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Data Farming. Ocean ecosystem. What are H2O plans to remove OCEAN token’s volatility from transactions?

The latest blogpost by @H2O_data dives into how data as an asset class is going to be effectively monetized with Data Farming! βš’οΈ

Let's unlock πŸ”

βœ… Yield farming has been a driving narrative in DeFi and is a method that allows crypto users to earn more cryptocurrency and provides protocols with added liquidity to fuel protocol growth.

βœ… Unlike yield farming, Ocean's Data Farming has actual utility for all stakeholders. The liquidity providers earn additional tokens, the protocol receives sustainable liquidity, and the users can trust the protocol's secured data assets.

βœ… The Ocean Data Farmers are responsible for sourcing liquidity to the OCEAN datatoken pools; and, in turn, receive rewards in the form of OCEAN tokens. The data farmers can further multiply these rewards by using their stake datasets.

βœ… Transacting with Ocean Protocol's datasets requires using the OCEAN token and the H2O stable asset acts as a medium of exchange and unit of account and can be used for transacting with datatokens in the Ocean protocol - without token volatility.
ICYMI| This week at Ocean 🌊

βœ…The public testing program for OceanV4 is currently underway, with bounties initially on the smart contracts.

βœ… Critical bug - up to 100,000 USD
βœ… High - 30,000 USD
βœ… Medium - 5,000 USD
βœ… Low - 2,000 USD

https://t.co/hkYQkkHFGV

βœ…OceanV4 introduces one-sided staking (1SS) to datatoken pools. This solves rug pulls, and mitigates slippage too.

Ocean founder @trentmc0 elaborates in his latest blog post.

https://t.co/4wFfVeoAGo

βœ…Data NFTs are THE key new feature in Ocean V4. @Jamie_Hewitt_ dived into how they work and how they benefit users:

https://t.co/0Ijf5lcCZK

βœ…Jamie went through the new monetization opportunities, read ""How to make money from Ocean V4"" here:

https://t.co/uHWIWXvhnJ

βœ…@H2O_data explained how data as an asset class is going to be effectively monetized with Ocean's Data Farming.

βœ…The @OceanDAO_ Round 16 has officially closed and voting is underway.

Hover over to https://t.co/XwmMc9Az4C and cast yours.
Oceaners 🌊

Are you ready to join us to spread the word about Ocean Protocol and its vision, right before the V4 Big Wave? Today we kick off the Ocean Sound Bites, deets below!

#theyearofadoption

https://twitter.com/oceanprotocol/status/1512483247053283336
We are meeting today at the @OceanDAO_ #69 Town Hall πŸ›οΈto discuss the recently concluded Round 16 voting session, project highlights and the upcoming Round 17 of funding πŸ’°

Join us at 3 PM UTC via the dedicated Ocean Discord "events voice" channel πŸ”Š

https://t.co/1SuOVr5jOe https://t.co/mg7jcAr9UC
https://twitter.com/oceanprotocol/status/1514197669060628488?t=nFom_GqgC2d6baQ4IV9Lqg&s=19
Gear up Ocean community, V4 is one step closer! 🌊πŸ’₯

We entered the next phase of V4 Public Testing with Backend Bounties of up to $100,000, live on @immunefi! πŸ‘€

This is your chance to engage with Ocean V4, contribute and earn as you identify critical bugs!

πŸš€@immunefi is hosting Ocean V4 Public Testing program and bounty hunters can already start reporting security issues. The program is focused on preventing:

βš™οΈBugs that could result in funds being lost
βš™οΈPermanent freezing of funds
βš™οΈUnauthorized protocol changes (e.g. to fees)