Ocean Protocol AMA

  • An on-ramp and off-ramp for data assets into crypto, allowing: crypto wallets for data custody & data management, DEXes for data exchanges, DAOs for data co-ops, securitizing data assets, and more via DeFi composability. It’s “data Lego.”
  • Quickly launch a data marketplace, with many USPs: buy & sell private data while preserving privacy, non-custodial, censorship-resistant, auto price discovery, data audit trails, and more.
  • Decentralized data exchange platform, enabling these characteristics: improve the visibility, transparency and flexibility in usage of data; share data while avoiding “data escapes”; needs little dev-ops support; has high liveness; is non-custodial; and is censorship-resistant.
  • Ocean grows the DeFi AUM. DeFi has about $10B in AUM. The data industry is $400B in Europe alone. Ocean now wraps data assets, to bring them into DeFi. Ocean is a big fat bridge from the data industry to decentralized finance.
  • Ocean helps to close the loop towards more capital efficiency in DeFi. For example: Ocean helps to supply and price data, data that is used to build risk models that enable giving loans at 20% collateral rather than 180%. It also helps risk models for insurance, maximizing yields in yield farming, and arb bots.
  • Here’s the loop: more usage of Ocean tools in the Data Ecosystem leads to more OCEAN being staked, leading to more OCEAN demand, growing $OCEAN. For example, Ocean Market has a staking element of OCEAN in the loop.
  • More usage also leads to more Network Revenue (a tiny % when datatokens are consumed), which mostly goes to OceanDAO (and a bit to burning). Funds go through OceanDAO to workers who have the mandate to grow usage of Ocean tools. And the loop repeats.

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