DataDAO Rewards
Whether you’re a builder launching a DataDAO or a staker aiming to grow your holdings, DataDAO Rewards incentivize your support in decentralized data liquidity.
Why Stake in DataDAOs?
The DataDAO Rewards ensures that every contribution counts, rewarding creators, data contributors and vana stakers who drive the ecosystem forward. Here's why it matters:
For the Ecosystem
- Decentralized Growth: Encourages participation and ensures a thriving, scalable network.
- Enhanced Liquidity: Boosts visibility for competitive DataDAOs, creating a virtuous cycle of adoption.
For DataDAO Creators
- Monetization: Turn your DataDAO into a sustainable venture by attracting stakers.
- Treasury Control: Allocate rewards strategically to facilitate operations or incentivize data contributors.
For Vana Stakers
- Consistent Rewards: Grow your holdings while supporting innovative DataDAOs.
- Empowered Choices: Pick pools that align with your goals and values.
For Data Contributors
- Recognition for Efforts: Get rewarded for providing valuable, high-quality data that fuels the ecosystem.
Your Path to Earning Rewards
The DataDAO Rewards distributes 15% of Vana’s total token supply over the first three years, incentivizing active participation. Here’s how it works:
Step 1: Stake to a DataDAO
- Choose a DataDAO you want to support from the upcoming DataHub dashboard.
- Allocate your $VANA tokens. The more you stake, the higher the DataDAO’s ranking.
Step 2: Top 16 Rankings
- Rewards are distributed every 21 days (one Rewards Cycle) to the Top 16 DataDAOs. Rankings are based on the 80% on total amount of $VANA staked and 20% on unique data contributors. Rewards are proportional to the DataDAO's share of the total stake.
Note
Performance metrics that lead to DataDAO ranking will be evolve and change with network growth.
Step 3: Earn and Claim Rewards
- Rewards are calculated proportionally based on:
- Your stake amount.
- The duration of your stake (multiplier effect).
- The size of the reward pool earned the DataDAO you are supporting.
- Rewards vest over a 21 day period at the start of the next Rewards Cycle,
- You can claim them anytime, incrementally, all at once, your choice.
Key Terms
Key Term | Value/Definition |
---|---|
Total Reward Pool | 15% of total supply allocated for staking rewards over 3 years. |
Rewards Cycle Duration | Rewards calculated and distributed every 21 days. |
Number of Top DataDAOs per Rewards Cycle | 16 DataDAOs receive rewards each Rewards Cycle, based on total staked amount. |
Minimum Registration Amount | 10,000 $VANA required for qualifing for rewards. |
Staking Lock Period | Unstaking requires a 7-day waiting period. |
Staker Reward Allocation | 40% - 60% of DataDAO rewards goes to Vana stakers |
Reward Distribution
To balance incentives, rewards are split between stakers and DataDAO creators:
- 40% - 60%: Goes directly to $VANA stakers.
- 40% - 60% Managed by DataDAO creators for treasury uses, such as funding operations or boosting contributor incentives.
Rewards are proportional to the DataDAO's share of the total stake. DataDAO creators can choose the stakers persentage that works the best for them before the start of the epoch. Stakers can see APY in DataHub based on their allocation.
Example: Sarah’s Staking Journey
Let’s walk through how rewards work with Sarah’s journey:
- Day 0: Sarah stakes 10,000 $VANA into DataDAO Alpha at the start of an Rewards Cycle.
- During the Rewards Cycle: DataDAO Alpha secures #8 in the Top 16 rankings based on total stakes.
- Rewards Earned: At the end of the Rewards Cycle, Sarah’s rewards are calculated using:
- Her stake amount.
- The duration (multiplier increases over time).
- The total stake in DataDAO Alpha.
- Vesting: Sarah’s rewards vest gradually over the next 21 days, allowing her to claim them as they unlock.
Tip
Longer commitments (up to 63 days) increase your staking multiplier and maximize rewards.
Why DataDAO Rewards Are Exciting
Grow Financially
Put your $VANA tokens to work. Stake smarter, commit longer, and earn more reward.
Support Innovation
Help creators launch successful DataDAOs and fuel the decentralized ecosystem.
Shape the Future
Be part of a growing community driving the next wave of decentralized data monetization.
Ready to Dive In?
Whether you’re a creator or a staker, getting started is easy:
- For Creators: Launch your DataDAO and attract stakers.
- For Stakers: Explore the upcoming DataHub and start staking on Mainnet.
Updated 8 days ago