​​Numeraire (NMR) Numerai makes financial model development a | Crypto Great | Bitcoin | DeFi

​​Numeraire (NMR)

Numerai makes financial model development a game through its Kaggle-like competitions.These models are built by data scientists and power what Numerai calls, “the world’s last hedge fund.”

In its competitions, developers both stake and receive NMR based on their models’performance. To date, 1,658 models are staking over 230,000 NMR on the site. This amounts to nearly $7 million locked up on the Numerai platform.

The average return on staked NMR is over 27%. And the team expects these results to get even better soon.

It recently increased the possibilities of models by adding the features in their data sets. This will allow for better modeling and in turn, better returns.

The second part of Numerai’s master plan is Numerai Signals. It’s a way for data scientists to upload their own market signals to the platform instead of building a model off Numerai’sdata. It brings more ingenuity and higher returns.

Signals is young, so total NMR staked is low from only 120 users. But as users gain familiarity and confidence with the platform, we expect them to stake more NMR.