The CoE Numerai Newsletter- Edition #15
Oct 18th, 2022
CoE Sponsored NYC Meet Up Was A Success!
On Sep 24th 2022, the CoE conducted our 2nd ever in person IRL meetup in the heart of NYC. The entire day went without a hiccup. The networking breakfast was amazing and the panels were great. We were even blessed to have a panel conducted by Richard Craib himself entitled “Multi-strategy hedge funds and their discontents, their past and their future.” After the event several of the attendees including Richard made their way down to “take over” Wall Street.
Check out all Materials from CoE Sponsored Meetups here (Richard’s presentation is still currently being reviewed by compliance before being released)
The CoE will soon create a new list of target locations for Q1 2023 to be voted on
Official Numerai Announcements
Sep 26th 2022- Q4 Fireside Chat scheduled for October 6th 2022 at 09:00 PST // 16:00 UTC
Sep 30th 2022- Staking Announcement
Numerai has enabled 0.5x increments of score multipliers across the full range of values. This change applies to all score multipliers on all tournaments.
The month of Sep 2022 was a fairly quiet month after some heavy volatility at the beginning of Aug. We saw a slight drawdown in price and lower than normal volume throughout the month.
[Updates] NumerBay - The Community Marketplace
2022-08-28 — 2022-09-11: Minor bug fixes and UI improvements (See list of closed issues 1)
2022-09-11 — 2022-09-25: Updated encryption storage mechanism, it is recommended to generate a new key pair but not required at this point. There is no impact on existing user workflows. (See details)
Added support for exponential backoff retry (numerbay-api 0.2.3)
Code refactoring and other bug fixes (See list of closed issues)
2022-09-25 — 2022-10-09: Minor bug fixes and UI improvements (See list of closed issues)
[Proposal] Numerai Earnings Dashboard: Funding for Maintenance
On Sep 26th 2022, quantized placed a proposal in the CoE forums to request a bounty for domain/hosting costs for his community app:
Here is the details of the proposal:
$15 for new domain name nmrearn.com
$84 for 12 months of Heroku basic cloud services (Heroku are stopping their free plan from November)
Total $99 or NMR equivalent
This funding will help keep the app running for another 12 months
The CoE accepted the proposal and funded the project
CoE Transaction Report
Sep 1st: -24 NMR Newsletter
Sep 9th: -135 NMR Travel Stipend
Sep 9th: -135 NMR Travel Stipend
Sep 28th: -54 NMR Numerbay
Sep 28th: -350 NMR New York CoE Sponsored Meetup expenses
Sep 29th: -6.7 NMR Community app bounty
Oct 17th: -17 NMR Numerbay
NMR Liquidity on Uniswap Provided by the CoE Moved From 1% to 0.3% Pool
On Oct 11th it was announced by the CoE that the position created on the 1% pool created on V3 Uniswap has been closed and all funds have been moved to a newly created 0.3% pool. Before the change, any liquidity moving though the 1% pool paid a 1% fee to the CoE. Now the NMR/ETH pair on uniswap by the CoE is in a 0.3% fee pool so anyone trading against it will have much lower fees. This will be more beneficial for NMR holders to swap in. It may also work out well for us because more volume can now be routed through this pool so it is possible that the gains in volume may offset the decrease in the fee percentage.
Here is more from jrAI in the rocket chat:
You can track the stats of their new pool here:
It's a little too early to tell, but so far it looks like fee APY has increased even with a lower fee tier
We can also test this out by using 1inch (a DEX aggregator) to see how an ETH to NMR swap would be routed. In this case a 10 ETH purchase of NMR would have 12% of its volume now routed through the CoE's 0.3% uniswap v3 pool. Pretty awesome. Amazingly there is still 22% of the volume routing through uniswap v1. There seems to be someone who probably forgot about their liquidity there or just doesn't want to move it. the current 1% fee tier is still getting about 58% of the volume routed through it because it has more liquidity, but that will likely change over time.
3yr Track Record and Numerai AUM Growth
Numerbay hit >2000 NMR in sales value on Sep 11th 2022
A very interesting game called AI_Arena is coming out soon in the crypto/web3 space with an NFT component involved that is very geared towards AI/machine learning. They gave a presentation during the NYC meet. Check them out here: https://twitter.com/aiarena_crypto
Richard thought it would be interesting to show everyone these charts on TC staking adoption and TC score multiplier selections over time.
Q4 Fireside Chat. A full breakdown will be included in the next newsletter.
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.