Staking on Other Users’ Models: A System for Success

[hb_scout]

People on this thread might be interested in my current experiment to sell predictions for Round 256 as NFTs on Opeansea.io. I don’t think it’ll make sense for 4 NMR because the max earn for a single round’s prediction is 25% = 1 NMR, the average earn is 2.5% = 0.1 NMR, while the gas cost alone will be ~$20. So really this experiment is aimed for some whales given the cost of ETH transactions.

See the forum post I made here:

NFT Experiment -- You could stake on my predictions for Round 256

The sale prices will decrease over the course of the week, getting cheaper as the round approaches. Average submissions on Numerai are earning about 2.5% after the 1-month lockup period. Therefore, an average submission is worth $100 per 100 NMR staked assuming $40/NMR. Past performance does not predict future returns and there is high variation from week-to-week. Staking on other peoples’ model could work out very poorly. It’s a gamble.