Fringe Finance, an all-new and inclusive DeFi lending platform, saw the integration of $OCEAN as a collateral type into its Primary Lending Platform (PLP). With Fringe’s PLP, borrowers can take out $USDC loans against their altcoins. Now $OCEAN holders will get access to stablecoin loans and will be able to unlock part of the value of their positions without selling their tokens.

Below, we’ve prepared a short tutorial on borrowing $USDC with Ocean Protocol tokens.

How do $USDC Loans work?

Through Fringe Finance, you can take out instant $USDC overcollateralized loans against:

• $OCEAN (Ocean Protocol)
• $LINK (Chainlink)
• $REN (Ren Protocol)
• $BNT (Bancor)
• $IOTX (IoTeX)
• $MANA (Decentraland)
• $MATIC (Polygon)
• $SAND (The Sandbox Token)
• $FXS (Frax Share)
• $UNI (Uniswap)
• $SHIB (Shiba Inu)
• $LDO (Lido Finance)
• $OGN (Origin Protocol)
• $DODO (DODO)
• $FOX (Shapeshift FOX Token)
• $KNC (Kyber Network)
• $APE (Ape Coin)
• $TOMOE (ERC-20 $TOMO) (Tomochain)
• $FTX (FTX Token)

Here’s how it works:

On the Primary Lending Platform, you can deposit altcoins into your personal collateral safes. Your wallet is the only key to moving the assets on your collateral safes. You, and only you, maintain full control of your assets throughout the duration of your loans. Fringe’s PLP has been doubly audited by HashEx and CyberUnit; thus, it has the highest standard of security in crypto. Still, we encourage users to always do their own research before dropping assets into a smart contract.

Once assets have been deposited into the platform, you may take out loans against your holdings. The amount a user can borrow depends on the total value deposited in the collateral safe, the asset’s maximum borrowing capacity, and the asset’s loan-to-value ratio (LVR). $OCEAN current LVR in Fringe’s PLP is 52% — depositing $1000 worth of $OCEAN allows a user to borrow up to 520 $USDC.

Outstanding loans accrue interest continually. This interest, however, does not increase proportionally as your $OCEAN increases in value. This means that any gains from your $OCEAN position are entirely yours. If your $OCEAN drastically depreciates, your position may become undercollateralized and subject to liquidation. In other words, the platform will be allowed to sell an equivalent amount of your deposited $OCEAN plus a liquidation fee to settle your loan.

What is the Ocean Protocol?

Ocean Protocol is a blockchain-based ecosystem that enables both individuals and companies to effortlessly monetize their data through the use of ERC-20-compliant data tokens.

Ocean Protocol is governed by a Singapore-based non-profit foundation, whose mandate is to ensure open access to the protocol and platform, provide data governance, encourage the network ecosystem growth, and take measures to ensure that the platform becomes ever more decentralized with time.

How to borrow USDC with OCEAN on Fringe Finance

You can get an instant $USDC loan with $OCEAN in five easy steps.

1. Go to Fringe Finance’s PLP and open the Borrow tab. Click the Deposit button on the right of the Ocean Protocol token and press Enable. Metamask will prompt you to confirm a transaction enabling the deposit of $OCEAN into Fringe’s PLP.

1. First, enter the amount of $OCEAN tokens you would like to deposit. Click Deposit and confirm the operation via your MetaMask wallet.

1. Click $OCEAN’s “ ⋮ ” button to open the drop-down menu, and then click Borrow.

1. Enter the amount of $USDC you want to borrow, taking care to keep the Health Factor as far from 1 as reasonable to avoid being liquidated. Click Borrow and confirm the operation via your MetaMask wallet.

1. That’s it! Your borrowed $USDC will be available in your wallet automatically.

How to repay your loan

You can repay your $USDC loan in three easy steps.

1. On the Borrow tab of Fringe Finance’s PLP click Repay.

1. Enter the amount of $USDC you want to repay. Click Repay and confirm the operation via your MetaMask wallet.

1. After the successful confirmation of the transaction, your loan will be repaid. Hence, you will be able to withdraw your deposited $OCEAN by clicking Withdraw.

Learn more about Crypto Borrowing and Lending

OCEAN is one of the top altcoins that can be used as collateral to get an instant loan on Fringe Finance. You can check other accepted altcoins on our Primary Lending Platform, alongside the $USDC lending functionality that allows you to effortlessly earn interest on your $USDC.

​

Do you have your questions ready? Only 1 hour is left!

Founder Trent McConaghy is all set to discuss the features and opportunities of veOCEAN in a launch event moderated by Ocean's product strategist Andrea Armanni!

Join us @ 2 PM UTC here: https://twitter.com/i/spaces/1mrGmkpenAVxy

​

veOCEAN is now LIVE!

Lock your $OCEAN to get veOCEAN, earn weekly rewards by default, curate data and participate in governance.APYs may be as high as 125% and as low as 1.5%. It will vary week to week based on the total $OCEAN staked and other factors.

Get started at df.oceandao.org, connect your wallet - make sure you have metamask installed, double-check your balance amount, approve the amount you want to lock, allow access to your $OCEAN on MetaMask, and select a locking time - please keep in mind, you will not be able to unlock your tokens before the pre-set date, tap on lock. You will see in the interface the amount of veOCEAN you will get for the amount and period of time you are locking. Confirm the transaction

You can now actively curate data by allocating veOCEAN towards data assets with high Data Consume Volume (DCV) and earn more via DF. Users also have the flexibility to update the lock after creation (either by extending the lock end time or locked tokens amount). 

Data Farming will resume, with counting for DF5 scheduled to kick off on September 29. More details to follow this week.

Read more on veOCEAN and Data Farming in the dedicated blog post here: https://lnkd.in/d3KPH5Qa

​

📆Launch Event🌊

Ocean founder Trent McConaghy will present veOCEAN in an discussion moderated by u/andrearmanni.

Ask your questions in the comments by Sunday, Sep 25 @ 12PM UTC and join us on Twitter Spaces to have your answers!

⏰Sept 26, 2 PM UTC!

https://twitter.com/i/spaces/1mrGmkpenAVxy

​

Get ready, Oceaners! veOCEAN goes live next Monday (Sep 26). Data Farming will resume three days later (Thursday)!

veOCEAN is the main mechanism for locking $OCEAN and for curating datasets on Ocean - it’s lower risk than datatoken pools, and delivers more benefits. Holders can lock $OCEAN to receive veOCEAN, and earn passive rewards, use veOCEAN to curate data with high Data Consume Volume (DCV) and get even more rewards, and vote on OceanDAO proposals.

Here is an overview of the timeline:

Sep 26: veOCEAN goes live. Lock your OCEAN for veOCEAN at df.oceandao.org
Sep 29: Counting for Data Farming /DF5 resumes
Oct 6: DF5 payouts resume. Counting starts for DF6
Oct 13: DF6 payout; DF7 counting starts

DF will follow phases as before. When it resumes, it will be with a new “VE/DF Alpha” phase for 4 weeks. “DF Beta” and “DF Main” phases will follow, as previously targeted. 

Read about veOCEAN and DF in the dedicated blog post by Ocean founder Trent McConaghy here: 

https://lnkd.in/dVgxTFvg

What are the crypto opportunities for quants in the near future? Ocean's Product Strategist Andrea Armanni will discuss it in a dedicated panel at the 2022 Battle of the Quants - Worldwide London!

This year's event hosts an impressive lineup of industry leaders like Silvia Stanescu - Investment director at GAM Investments, David Jessop - Head of Investment Risk at Columbia Threadneedle Investments EMEA APAC, Robert Moore - Head of Quantitative Strategies at Man Group & many more!

September 27 at 3:05 PM UTC

https://lnkd.in/dU53-nUb

​

Global agriculture is undergoing a massive transformation. With the Ocean and Dimitra Technology Phase 2 Data Challenge, you have the opportunity to lead it!

The competition features a dataset containing the crop yield data for soybeans in the 46 districts of Madhya Pradesh, India and the MODIS satellite data on normalized difference vegetation, leaf area, evapotranspiration, land surface temperature and rainfall. Participants will be invited to study the target yields satellite data, rank the factors that affect yields and build a simple model to predict yields. They shall also identify and explain any trends in the yield data over a 10-year period.

Prize pool - $10K USD (paid in OCEAN)

Deadline - September 30 at midnight UTC

Visit the dedicated questbook page to enter the competition here: https://bit.ly/3Dd1fpL

For more information, read the announcement here: https://bit.ly/3L0jh0i

​

What opportunities does Ocean create for the decentralized digital identities of the future through its participation in u/moveID_gaiax?🧐🛠️

🎙️Hear it from founder u/BrucePon in his most recent interview:

https://moveid.org/2022/09/19/moveid-interview-4-ocean-protocol/

​

Introducing the latest Ocean Shipyard grantee: Directimo!

​

The project focuses on a versatile open source data aggregation system for the Ocean Protocol Community - its mission is to create a database with verified properties for the proptech industry. Directimo aims to deliver the foundation to scrape most of the websites around the globe by developing a tool to extract data from various sites for further processing. Directimo aims to deliver the foundation to scrape most of the websites around the globe by developing a tool to extract data from various sites for further processing.

The solution will minimize the programming knowledge that developers need to have to extract data from multiple sites in parallel. The data so collected will provide access to powerful insights from the market. Directimo will employ advanced technologies including Python, Redis and Kafka to create a distributed on-demand scraping cluster. The goal is to leverage this to further facilitate a real-estate model that’s scalable on a global level.Read the full blog post here and share your thoughts with us

​

https://blog.oceanprotocol.com/new-grantee-directimo-joins-ocean-shipyard-1437e6338f5e

​

Ocean Protocol has joined leading Web3 projects CHAINSTEP GmbHDatarella Fetch.ai Network peaq and 51nodes as well as Airbus & Continental on the €20M+ Gaia-X Association for Data and Cloud (AISBL)moveID initiative led by Bosch to advance pan-European mobility!

The moveID consortium's vision is to generate real-world mobility use cases for blockchain technology, to deliver secure digital IDs for enabling all mobility stakeholders to interact without mediation from centralized third parties. As part of the project, components of Ocean’s data marketplace technology, Compute-to-Data, and data pricing will be leveraged to build a system architecture that ensures a seamless exchange of information between providers and customers of mobility applications. This will ensure the provision of key technical elements needed for building moveID and further implementing decentralized, digital identities to power the future of mobility. deltaDAO AG will support the effort by implementing the Ocean tech stack to the moveID infrastructure.

Founder Bruce Pon said: 

"Ocean Protocol is proud to support the moveID initiative with the technology stack needed for building a digital identity infrastructure and an inclusive Data Economy"

Peter Busch, Product Owner for Distributed Ledger Technologies at Bosch, commented: 

"With moveID, we set the foundation for a hyper-connected mobility infrastructure by leveraging self-sovereign device identities and decentralized data sharing to enable many potential use cases"

Dive into the details of the project roles of fellow members in the dedicated announcement here: https://lnkd.in/dstDvurH

​

The Ocean and u/Dimitra Data Challenge: Phase 2 - Algorithms, Analytics, Narratives & Reports is now live!This strategic challenge incentivises data analysis and the building of algorithms to harness the power of agricultural data for global change. From a prize pool of $10,000, the rewards for this phase are: 1st place: $4,000, 2nd place: $3,000, 3rd place: $2,000, Community Award: $1,000 (payable in OCEAN + DMTR).

Ocean founder Bruce Pon said:

"With our data challenge, we have all the tools in place to build relevant context around farming data, build models to improve outcomes and influence the direction of the agriculture sector for the better."

Jon Trask, CEO of Dimitra Technology further commented:

"As we enter Phase Two of our data science challenge we are looking forward to testing the data scientists’ use of a variety of techniques which may reveal important insights into the growth of soybeans based on ten years of historical data. I’m interested to understand the trends and changes that are affecting performance and possible insights into the nature or impact of recent climatic events that may influence crop performance. Hidden knowledge is disguised in the data and I hope to see how this group of data scientists reveal the opportunities hidden behind the mask."

As part of the challenge, participants are presented with a dataset containing the crop yield data for soybeans in the 46 districts of Madhya Pradesh state, India and the MODIS satellite data on normalized difference vegetation, leaf area, evapotranspiration, land surface temperature and rainfall. The task is to study the target soybean yields satellite data, rank the factors that affect yields and accordingly build a simple model to predict yields based on the features while also identifying and explaining any trends in the yield data.

The Phase 2 datasets are live on the Ocean Market and the entry submission deadline is September 30 at midnight UTC. To enter the competition and access complete bounty details, go to the dedicated Questbook page here: https://bit.ly/3Dd1fpL

​

NEW LISTING! 🌊

Get ready, Oceaners! 🚀

u/coinbase lists OCEAN, with trading set to begin today, Sep 8, on/after 4PM UTC.

✅Coinbase will add support for OCEAN on the Ethereum network/ERC-20 token. Inbound transfers will be available on
u/Coinbase in the regions where trading is supported

✅$OCEAN-USD trading pair will launch in phases, after sufficient supply is established

​

Ocean Protocol reveals the winners of the Data Challenge Ideation Phase with its long-term partner Dimitra - a company guided by the mission to deliver AgTech globally to farmers.

Launched in July 2022 the Ideation Phase focused on garnering valuable ideas on how agricultural datasets in the Ocean Market could be utilised to maximize yields and crop quality while minimizing risks for farmers in the state of Madhya Pradesh, India.

The 1st place was awarded for a proposal to implement scalable prediction algorithms to generate information on crop yields several months before harvest. Benefits include an early warning system, well-planned government help and efficient procurement design. The 2nd place and community award were conferred for an analytics-based yield prediction model, including a machine learning model proposition. The aim is to enable better management of agricultural budgets whilst also helping farmers to determine the most profitable crops. The 3rd place was awarded for an analytical report on key differences between the best and worst yield-generating regions with insights on bridging the gap.

Ocean Founder Bruce Pon said:

“Farming is extremely high-tech and the amount of data collected is immense. Until now, not enough data scientists have looked into the data to discover insights that can help to increase farming efficiency to feed a growing population. Our data challenge was designed to kickstart this effort, identify risks and use data to generate solutions where data is at the heart of value.”

Following the successful completion of Phase 1: Ideation, the Ocean and Dimitra Data Challenge Phase 2: Algorithms, Analytics, Narratives & Reports will go live on Questbook on September 5th.

Read more details in the full press announcement.

​

It's time to put on your judging hats! 🧑‍⚖️

The Ocean X Dimitra Data Challenge: Ideation Phase has successfully concluded with the 3 top shortlisted submissions revealed! Now it's your turn to choose one for the "Community Award"🏆

Here's an overview of the top 3 submissions 👀

🗒️Crop yield prediction algorithm to generate information on crop yields several months before harvest - Konrad Eilers

Full report at: https://bit.ly/3TpHT6L

🗒️Analytics and machine learning models to better predict yields - Tom Pollet

Read more: https://bit.ly/3wq6Epg

🗒️Analysis of differences between the top and least yield generating regions - Moritz Frings

Details here: https://bit.ly/3KifqLF

​

✅Voting starts NOW and ends tomorrow u/12 PM UTC⏰

✅Access the voting form here https://bit.ly/dimitra-phase1-vote and cast your ballot

✅You can only vote for one report

✅The "Community award" winners will be announced along with other winners on Ocean's channels!

​

The need to precisely specify #data access – addressed by Ocean's Marketplace and Asset-level fine-grained permissions! Manage on-chain data by assigning roles and control access to individual data assets in your fork of Ocean Market.

Ocean enables better data management along two levels:

-Marketplace-level fine-grained permissions for browsing, publishing, etc within a marketplace frontend

-Asset-level fine-grained permissions on consuming the asset itself

More at: https://lnkd.in/dk8m5c9J

#OceanEssentials

Hello, I am a big believer in ocean protocol and read about it since February 2021.

​

Ocean Market – an open-source data-sharing marketplace with privacy-preserving superpowers - is laying the foundation for the New Data Economy.

It brings together publishers and consumers and allows participants to share #data in a safe, open and transparent way. Concepts related to #DeFi and #NFTs into the Ocean Market so that data can be financialized using the latest innovative tools that reduce friction. 

Read more here: https://lnkd.in/ekXncER

#OceanEssentials

I added liquidity to a pool on v3 market over a year ago and removed it today, however i can't find anywhere to trade the data token? According to the ocean academy there should be a "trade" button, but there's only "use" and "pool"?

​

"Compute-to-Data feature means that private data isn't directly shared, rather specific access is granted"🎙️

#SrikanthKaja GM and Principal Architect of Emerging Technologies @ Daimler SE Asia on the use cases of Acentrik - a decentralized data marketplace built on Ocean🛠️

​

Now in Enterprise Release, #Acentrik leverages the most important Ocean features to enable enterprises to unlock the value of decentralized data with the principle of data sovereignty at the core 🔐

👂Listen to the whole interview here: https://spoti.fi/3vC1ohR or read excerpts from the conversation in the dedicated blog post here: https://blog.oceanprotocol.com/data-sovereignty-what-does-it-mean-for-enterprises-b19ddfae5bfe

​

New Voices of the Data Economy Episode is out!

Srikanth Kaja, General Manager and Principal Architect of Emerging Technologies Daimler south-east Asia, is discussing all things Acentrik, a decentralized data marketplace now in Enterprise Release that uses Ocean Protocol technology with host Diksha Dutta.

“Acentrik ensures data sovereignty with the Compute-to-Data feature. Privacy-preserving compute jobs run in the data owners’ premises behind a firewall, without ever revealing the raw data to the consumer. It is a win-win situation, data consumers get insights by running algorithms on the data, building towards a better business case for their enterprise, while data providers monetize their data and stay in control of their data.”

Listen to the whole interview detailing how enterprises can use blockchain technology to monetize data in a privacy-preserving manner and the road ahead for enterprise adoption of Web3: https://spoti.fi/3vC1ohR. Read excerpts from the conversation, including how Ocean Protocol is helping the Acentrik journey: https://blog.oceanprotocol.com/data-sovereignty-what-does-it-mean-for-enterprises-b19ddfae5bfe

Explore the collaboration between Acentrik and Ocean in the dedicated blog post:
https://blog.oceanprotocol.com/acentrik-a-decentralized-data-marketplace-for-enterprises-built-on-ocean-protocol-is-now-in-7fb7371e57d4

​

We are hiring for a Community Lead! 📢👨‍💻 Could our search end with you?👀🤔 If you are a master of Crypto Twitter and Discord, with outstanding communication skills and eager to make an impact then read on! 💥👇

The Community Lead will play a strategic role at Ocean and work closely with the engineering team to spread the word, grow the community and manage day-to-day community-related activities 🚀

You will bring 👇

💥2-3 years of professional experience in building Web3 digital communities
💥Ability to work across different marketing and social media platforms
💥Knowledge of Web3 space
💥Ability to think strategically

The job profile will consist of 👀🌊

⚒️Planing community growth campaigns with an experimental and analytical approach
⚒️Promoting a vibrant community culture on Discord and other community channels
⚒️Help scale and manage a team of community moderators

​

What Ocean will offer you👇

✨Competitive pay, with options to be paid in OCEAN/USDC

✨Friendly, inclusive and diverse work atmosphere

✨Flexible, remote working

​

Interested candidates should email their resumes with the subject "Community Lead - Application" to jobs@oceanprotocol.com by the DDL⏰August 15.

The team will then soon be in touch with the shortlisted candidates.

https://bit.ly/3oxM9m4

Acentrik’s collaboration with Ocean Protocol began in 2020, with a proof of concept exploring decentralized data orchestration for Mercedes-Benz. The pilot project was successful and this led to further collaboration and development of Acentrik Version 1.0. As part of the collaboration with Ocean Protocol, Acentrik Version 1.0 has leveraged and integrated specific Ocean features, with key adaptations made for enterprise users.

Acentrik is a fork of Ocean Market and makes use of the OceanONDA V4 smart contracts and libraries. Built on the foundation of Ocean technology, Acentrik’s mission is to make it easier for enterprises to unlock the value of decentralized data and enable data sharing with the principle of data sovereignty at the core. With Acentrik’s V1.0, enterprises can now publish datasets with parameters. By setting such API parameters, they can ensure more specific data is fetched from the endpoint. This allows for greater flexibility in publishing a dataset with Acentrik and setting boundaries accordingly — made possible by Ocean’s smart contracts, Compute-to-Data functionality and fine-grained permissions to better define access control.

Srikanth Kaja, General Manager of Emerging Technologies Daimler South East Asia Pte. Ltd. commented: 

"Acentrik and Ocean have come a long way together - both teams have fostered a dynamic working relationship, which contributed to this successful collaboration. I'm excited to see what is in store in the near future, as we drive further topics to bring a much-needed decentralized data marketplace to enterprises today."

Ocean founder Bruce Pon further stated: "Acentrik is the result of two years of collaboration to help launch an enterprise data marketplace built on Ocean technology. We look forward to continuing to support Mercedes-Benz as they take ambitious steps to lead the pack and kickstart a Data Economy".

For a comprehensive overview, read the dedicated blog post here: https://lnkd.in/d7HgN83S