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For DataDAO Creators

Why Create a DataDAO?

A DataDAO is your opportunity to contribute to the decentralized data ecosystem while earning rewards. By creating a DataDAO, you can:

  • Be rewarded for your efforts: Unlock rewards by maintaining a competitive and well-supported DataDAO.
  • Engage your community: Attract stakers to boost your DataDAO’s ranking and visibility.
  • Drive innovation: Play a vital role in Vana’s data economy by building a sustainable, decentralized data treasury that you can benefit from.

Whether you’re looking to structure data, incentivize contributors, or aid operations, the DataDAO Rewards gives you the tools to succeed.

How to Create and Manage a DataDAO

Step 1: Create Your DataDAO

Step 2: Register Your DataDAO

  • Stake at least 100 $VANA to register your DataDAO via the DLP Root Contract.
  • Collaborate with stakers to meet the 10,000 $VANA minimum stake required for reward eligibility.
  • Once registered, your DataDAO will automatically appear on the upcoming DataHub dashboard. Reach out to us to enhance it with metadata, such as icons.

Step 3: Manage Your Treasury and Rewards

  • Decide how to allocate rewards:
    • 40% - 60% goes to stakers.
    • The remaining rewards 50% is up to you and can be used for:
      • Incentivizing contributors.
      • Aiding operations.
      • Boosting rewards for stakers.
  • Choose the stakers percentage that works best for your DLP before the epoch begins.

Step 4: Compete for the Top 16

  • Engage your community to increase stakes and unique data contributors to secure a spot in the Top 16 DataDAO, ranked every 21 days.
  • Monitor your DataDAO’s performance using the upcoming DataHub dashboard to stay competitive.
  • Share updates with your community to build trust and momentum.

Maintaining Top 16 Status

To ensure your DataDAO continues earning rewards, you need to:

  1. Stay Above the 10,000 $VANA Threshold:
    • Falling below this amount by the end of an Rewards Cycle will make your DataDAO ineligible for rewards.
    • Collaborate with stakers or add tokens to replenish the stake if necessary.
  2. Engage Your Community:
    • Use treasury tokens to incentivize staking and contributions.
    • Start a community channel (e.g., Discord or Telegram) to share updates, answer questions, and drive engagement.
  3. Track Rankings and Activity:
    • Regularly monitor your DataDAO’s rank and stake through the upcoming DataHub dashboard.
    • Analyze trends to adjust your strategy.

📘

Tip

Transparency and consistent performance build trust and attract stakers. Share how treasury tokens are used and your pool’s historical performance to engage more supporters.

What Happens if You Fall Below the Threshold?

Don’t worry — losing eligibility isn’t the end:

  • Your DataDAO can regain eligibility by reaching the 10,000 $VANA stake before the next Rewards Cycle ends.
  • Previously earned rewards remain accessible for claiming.

📘

Example

If your DataDAO drops to 8,000 $VANA mid-Rewards Cycle but rises back to 12,000 $VANA within the same Rewards Cycle, you’ll remain eligible for rewards.

Strategic Tips for DataDAO Creators

  1. Maximize Your Treasury:
    • Use your treasury to offer bonus incentives to stakers or contributors.
    • Transparent and fair distribution builds trust and attracts more participation.
  2. Collaborate with Stakers:
    • Partner with high-value stakers early to build momentum for your DataDAO.
    • Communicate your DataDAO’s purpose and benefits clearly to attract long-term supporters.
  3. Plan for Sustainability:
    • Focus on maintaining a steady stake level to avoid falling below thresholds.
    • Monitor upcoming metrics (e.g., data quality) to stay competitive as the system evolves.
  4. Stay Active and Visible:
    • Promote your DataDAO through community channels, social media, and the upcoming DataHub dashboard.
    • Regular updates on your pool’s progress keep stakers engaged.
  5. Create a Valuable Data Set
    • Build a data set that attracts contributors and delivers meaningful, long-term value.
    • Encourage others to pool their data into your DataDAO treasury to create a shared, high-quality data economy.

Example: Building a Competitive DataDAO

Meet Alex, a DataDAO Creator:

  1. Alex registers DataDAO Beta by staking 100 $VANA and collaborating with early supporters to reach the 10,000 $VANA minimum stake.
  2. Over the next Rewards Cycle, Alex uses 25% of the treasury rewards to incentivize data contributors and stakers.
  3. DataDAO Beta ranks #10 in the Top 16, securing its first share of the rewards pool.
  4. Alex promotes the DataDAO on social media, attracting more vana stakers & data contributors, boosting the pool’s ranking in the next Rewards Cycle.

Key Tools for DataDAO Creators

  • Monitor your DataDAO’s total stake in the upcoming DataHub release.
  • Configure your DLP settings via DataDAO Contract directly on-chain.

Ready to Build Your DataDAO?

Launching and managing a successful DataDAO is simple:

Updated 8 days ago