Crypto Quill

Ocean Protocol, Fetch, and SingularityNET have come together to form the Superintelligence Alliance, introducing a unified token called $ASI. Pending approval from the Fetch and SingularityNET communities, this alliance aims to revolutionize the decentralized finance (DeFi) landscape. Let’s delve into the implications for veOCEAN, Passive DF, and Volume DF.

The Superintelligence Alliance Unveiled

The Superintelligence Alliance, powered by $ASI, seeks to create a seamless transition that aligns with Fetch and SingularityNET’s programs. But what does this mean for Ocean Protocol’s existing features?

1. Data Farming (DF)

Data Farming, Ocean Protocol’s incentive program, faces potential changes. The outcome of the token-merger vote will determine whether DF continues as usual or undergoes transformation.

2. veOCEAN

If the vote results in a “yes,” veOCEAN will be retired. Holders of veOCEAN will receive an airdrop of OCEAN tokens, equivalent to a 25% annual percentage yield (APY) for their entire lock period. This airdrop will happen within weeks after the vote.

3. Passive DF and Volume DF

Both Passive DF and Volume DF will also be retired if the vote is positive. However, participants who locked OCEAN for veOCEAN will be compensated. Their rewards will reflect the same commitment and expectations as before, but with faster payouts.

The Road Ahead

The Superintelligence Alliance’s merger will usher in a new era for DeFi. Ocean Protocol’s snapshot of locked OCEAN and veOCEAN balances ensures readiness for any outcome. As the governance process unfolds, the community awaits the dawn of $ASI and the promise of AI-driven solutions for businesses, governments, and researchers.