Staking
Last updated
Last updated
When you are ready and confident in your model's performance, you may optionally stake it with - Numerai's cryptocurrency. "Staking" on a model or submission means locking up NMR during the scoring period of submissions.
By staking on Numerai, for the duration of staked submissions, you give Numerai permission to payout or burn the NMR at stake. After a staked submission finishes , positive scores are rewarded with more NMR, while negative scores cause staked NMR to be burned. This serves two functions:
"Skin in the game" allows Numerai to trust the quality of staked predictions.
Payouts and burns continuously improve the weights of the .
NMR is the cryptocurrency that powers staking and payouts on Numerai.
You can read more about NMR on Github:
You can see token statistics here:
To stake NMR on your model you must first acquire NMR, then deposit it into your . When you are ready, you can withdraw it to a given eth address.
We recommend two places for buying NMR
To prevent fraud and money laundering, we place withdrawal restrictions on new accounts. In order to withdraw from your Numerai Wallet, your account must either be 30 days old or you must withdraw more than 0.1 NMR. This means if you just created your account and deposit 0.1 NMR, you cannot withdraw this amount until either your account reaches 30 days of age or you deposit more NMR first.
This will open the Stake Modal. You can use this to stake NMR from your wallet on your model:
Staked NMR will remain locked until you release it back to your wallet, which takes 1 month. Specifically, the NMR will be released at the resolution of your last active round at the time of the request. While pending release, the unstaked amount may still be subject to burns but will not count towards upcoming payouts.
Your payout is a primarily a function of your scores. If you have a positive score you will get a payout. If you have a negative score a portion of your stake will burn.
The maximum payout or burn per round is capped at ±5% and uses the following formula:
stake is your model's stake value at the close of the round. This is also referred to as the stake value at-risk for a round. Your stake value at-risk for a round does not include any unstaked amounts that are pending release, and is set to 0 if you have no valid submission for a round.
The payout_factor is a dynamic value that scales inversely with total NMR staked based on the staking_threshold.
Numerai
72000
Signals
36000
Crypto
10000
Here is an example of what the Numerai payout factor looks as stake grows:
Finally, click "Next" and wait for the page to show a confirmation. It may take a few moments to complete the transaction, so please be patient.
We usually release tax reports for the previous year in mid-January. You can find these by hovering over the account icon in the top right > click "Settings" > "TAXES & REPORTS" section.
- a safe and easy place to buy NMR with USD, GBP, EUR or Bitcoin. A good place to start if you are new to crypto. Availability depends on your region.
- a decentralized exchange you can use to swap Ethereum based tokens like ETH or USDC for NMR. Requires you to bring your own wallet like MetaMask. Great for DeFi enthusiasts.
Once you own NMR, use the address to send NMR to your Numerai Wallet:
Head over to , and click on the "manage stake" button next to the model on which you would like to stake:
When you are ready to withdraw NMR from your Numerai Wallet visit the , specify an amount, and copy your destination address into the relevant text box:
