A DEEP BURN ERA…FOR SOME
Its been a tough month for many Numerai participants in both the “classic” and the signals tournaments.
The “classic” tournament currently has an Avg 3 Month Return on NMR staked at just under 5%. As for the signals tournament, the Avg 3 Month Return on NMR staked is -10%. That’s a stark difference from what the community has been seeing over the past 6-12 months.
Although the burn has been hard on a large percentage of the staked models for the “classic” tournament, model guitargeek has held the number 1 position for the entire month of November. The model has also been in the top 10 since September 29th. It currently holds the number 1 position in all ranks, CORR, MMC and FNC. usigma, usigma5, alfaprism_3 and hiro_ab have also been in the top ranks for multiple rounds/months 👀
On the signals side, multiple kastu models, az_ottawa and apprentice_key have been holding up the leaderboard for multiple months. Only 8 out of the top 100 models are staking more than 100 NMR.
With only 640 staked models and 54k NMR staked over the entire tournament, there is still a lot of room for growth. Looking for a payout factor of 1? Jump into Signals!
NumerBay - The Community Marketplace Updates
There are now 118 products available for sale at numerbay.ai! Since inception, there has been 66 product sales totaling over 150 NMR! If you have been wanting to participate in the tournaments but not a data scientist/model builder, here is your chance!
2021-10-31 — 2021-11-07:
The following includes changes from the master branch.
Code refactoring
Minor issue fix
Work plan is in post #2
Next week to work on voting app
2021-11-07 — 2021-11-14:
The following includes changes from the voting branch 1.
Voting draft and placeholders (WIP)
Work plan is in post #2
Next week to continue the work on voting app
2021-11-14 — 2021-11-21:
The following includes changes from the voting branch.
Completed pre-determined stake-weighted voting
Minor fixes
Work plan is in post #2
Next week to focus on testing and code refactoring
2021-11-21 — 2021-11-28:
The following includes changes from the voting branch.
Added tests
Optimized score update mechanism
Other minor fixes
Work plan is in post #2
Next week to focus on code refactoring and UI improvement
$NMR, You “Decorrelated” The Wrong Way!
I have not written directly about NMR price in these newsletters but lets start now! NMR has been shown no love during the recent crypto rally. Over the past 6 months, NMR has dropped about -20% in value while BTC and ETH have seen some nice gains. This was on the heals of the Numerai hedge fund performance news drop but it ended up having no effect on the price. Hopefully once Numerai locks down more funding we will see some meaningful action in price appreciation. Also, maybe all the NMR burning sucking down supply this past month can help too :)
No Numerai Announcements
Its been a quiet month of November. No new major announcements were made in the Rocket Chat channel or forums.
TB200
There was some discussion in the signals channel regarding TB200. See start of thread here
Here is the main response from Richard
New Data Is Helping The Meta Model
Gemini Now Supports Shiba Inu, in Addition to New DeFi, Metaverse, Infrastructure, and Data Management Tokens Including NMR
https://www.gemini.com/blog/gemini-now-supports-shiba-inu-in-addition-to-new-defi-metaverse
Advent Calendar
There are still some spots open. Go here to sign up
CoE Transaction Log
-43 NMR Numerbay
-13.75 NMR Newsletter
-8 NMR Numerbay
-17 NMR Numerbay
-14 NMR Numerbay
-21 NMR Numerbay
+217.48734683 ENS ENS Airdrop Claim
Other News and Extras
Numerai Starter Pack YouTube series of videos
Numerai in the Classroom- CrossTower Classroom https://crosstower.com/resources/education/numerai-a-crowd-sourced-hedge-fund/ by https://twitter.com/mikevp
New Podcast with Richard Craib
Disclaimer: This is not an official Numerai newsletter. It is sponsored by the Numerai CoE, a decentralized autonomous organization. Every effort is made to provide accurate and complete information but there is no claims, promises or guarantees about the accuracy of the contents.