Numerai Deploys Erasure Protocols to Ethereum Mainnet

Numerai allows participants to make price predictions for stocks in the Russell 3000 index on a daily basis and be rewarded if they have a strong track record. With the addition of decentralized alternative investment management to Ethereum’s DeFi stack, it shows that anything and everything in financial services can be recreated on Ethereum.

The point of this is to create a track record for participants signals; as their past performance improves, more people will want to buy their signals. Payment can be done via any cryptocurrency, but it is likely that most participants will want to use assets like ETH, wBTC, or the native Numerai token (NMR) as they are easily compatible with smart contract escrow requirements.

Timeline of Ethereum, Numeraire