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After the 20 days of scoring for each submission, models with positive scores are rewarded with more NMR, while those with negative scores have a portion of their staked NMR burned.
Behind the scenes, Numerai combines the predictions of all staked models into the stake-weighted Meta Model, which in turn is fed into the Numerai Hedge Fund for trading.
Staking serves two important functions:
- 1."Skin in the game" allows Numerai to trust the quality of staked predictions.
- 2.Payouts and burns continuously improve the weights of the Meta Model.
Use the Stake form 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.
You can optionally configure where your earnings go and the score multipliers used to compute your payouts.
Starting Jan 2, 2024 we will no longer allow you to choose multipliers. Instead multipliers will be fixed at 0.5xCORR and 2x MMC.
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%
payout = stake * clip(payout_factor * (corr * corr_mult + tc * tc_mult), -0.05, 0.05)
Rounds starting on or after Jan 2, 2024 will use the following formula:
payout = stake * clip(payout_factor * (corr * 0.5 + mmc * 2), -0.05, 0.05)
stakeis your model's stake value at the
closeof the round. This is also referred to as the stake value
at-riskfor a round. Your stake value
at-riskfor 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.
payout_factoris a dynamic value that scales inversely with total NMR staked based on the
payout_factor = min(1, stake_threshold / total_at_risk)
tc_multare configured by you to control your exposure to each score. Here are your options.
NOTE: Starting Jan 2, 2024 you will no longer have multiplier options. When you stake, your multipliers will be set to 0.5xCORR and 2x MMC.
Numeraire (NMR) is the cryptocurrency that powers staking and payouts on Numerai.
To stake NMR on your model you must first deposit NMR into your Numerai wallet at your account's unique deposit address.
We recommend two places for buying and selling NMR