Ocean Protocol Dey partner with Token Engineering Academy for Ocean Market Balancer Simulations
DeFi researchers go create simulations of a Web3 data economy, and the results go dey accessible and re-usable for the Balancer, Ocean, and Token Engineering communities
Ocean Protocol go partner with Token Engineering Academy and Balancer to spin off #OpenScience for the Ocean ecosystem. As a challenge partner for Balancer Simulations, Ocean go collaborate with researchers to fit study agent-based models of the Web3 data economy. Additionally, Balancer Simulations researchers go dey well-positioned for additional funding wey dey go on from OceanDAO for further Token Engineering research.
Ocean Protocol go unlock the value of data as a new asset class. Data owners and consumers publish, dey discover, and consume data assets in a secure, privacy-preserving fashion ontop Ocean Market. In parallel, OCEAN token holders go stake on data and become liquidity providers for new data token pools. These datatokens dey bridge the multibillion data industry into DeFi assets under management, and go help valuable data dey used to dey optimize DeFi yields and capital efficiency.
Na our pleasure to collaborate with TokE Academy and Balancer Simulations researchers to model Web3 data economies. We dey excited to learn from high-fidelity EVM simulations of AMMs with agent-based data suppliers, data consumers, and more.
– Trent McConaghy, Founder of Ocean Protocol
About Ocean Market Balancer Simulations
Over three months, Balancer simulations go gather DeFi researchers to create simulations of a Web3 data economy. The researchers go use TokenSPICE agent-based simulation with EVM-in-the-loop. To use EVM go enable perfect-fidelity models of Balancer V1 and V2 contracts. These models go interact with Python-based agents for data suppliers, data consumers, data stakers and speculators. Researchers go compare one-sided with two-sided data staking, go model the effect of liquidity mining and other incentives on data supply or demand, and to compare Dutch Auctions versus Liquidity Bootstrapping Pools for Initial Data Offerings (IDOs). The results go dey accessible and re-usable for the Balancer, Ocean, and Token Engineering communities.
Ocean Protocol and Balancer Simulations na perfect match. Ocean Protocol dey share our vision of open, collaborative research as a key for growth and sustainability. We be allies to develop Token Engineering as a critical discipline to bring the vision of Web3 to life.
– Angela Kreitenweis, Token Engineering Academy
To fit learn more, join Ocean Founder Trent McConaghy and speakers from Token Engineering Academy on Fri, May 21st at 2pm CEST [add to calendar] for discussion of research topics and the TokenSPICE framework.
About Ocean Protocol
Ocean Protocol’s mission na to kickstart a Web3 Data Economy wey reach the world, to give power back to data owners and to enable people to fit capture value from data to better our world.
Data na new asset class; Ocean Protocol go unlock hin value. Data owners and consumers dey use the Ocean Market app to publish, discover, and consume data assets for secure, privacy-preserving fashion.
Ocean datatokens dey turn data into data assets. This go enable data wallets, data exchanges, and data co-ops by to leverage crypto wallets, exchanges, and other DeFi tools. Projects dey use Ocean libraries and OCEAN in their own apps to help drive the Web3 Data Economy.
The Ocean token dey used to stake on data, to govern Ocean Protocol’s community funding, and to buy & sell data. hin supply dey disbursed over time to drive near-term growth and long-term sustainability. OCEAN dey designed to increase with a rise in usage volume.
Visit oceanprotocol.com to find out more.
About Token Engineering Academy
Token Engineering Academy,wey be spin-off of the Token Engineering Community, dey offer education and collaborative research programs for a new generation of engineers. This new field dey combine economics and game theory, ethics, systems engineering, AI, optimization and control theory, computer science, and social sciences to fit develop better economic systems. With more than 400 students and collaborations with partners like Gitcoin, BlockScience, and Boson Protocol, na highly influential accelerator for this new discipline’s development.
Balancer Simulations na open-source cadCAD model and documentation to fit support the design, optimization, and validation of Balancer Pools across their entire life cycle. Balancer Simulations na project of the Token Engineering Community, funded by grants from Balancer and PowerPool, and dey kicked off by EthicHub. E dey aim to build open-source token engineering infrastructure and knowledge for all projects using Balancer pools.