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Fix #1354: Pdr: remove Challenge DF in progression of a predictoor

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trentmc 2023-11-05 07:53:24 +01:00
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predictoor/pdr-earn.md
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@ -7,8 +7,7 @@ If you have background in AI, ML, data science or statistics (and these overlap!
Typical steps as a Predictoor:
1. **Play with predictoor.ai.** Go to [predictoor.ai](https://predictoor.ai) to build intuition: observe the free feed, perhaps buy a few feeds, and watch them change over time.
1. **Do Challenge DF: one-off predictions.** Then, practice making accurate AI/ML based predictions via [Challenge Data Farming](https://df.oceandao.org/challenge-df). Submissions are due Wednesdays at midnight, for ETH price predictions 5 min, 10 min, …, 60 min ahead. Every week, 5000 OCEAN prize money is distributed to the three lowest-error submissions.
1. **Run a predictoor bot: continuous predictions.** Follow the steps in the [Run a Predictoor Bot README](https://github.com/oceanprotocol/pdr-backend/blob/main/READMEs/predictoor.md). You’ll start by deploying a bot locally that submits a random prediction every 5 minutes. Then you’ll add AI/ML model predictions. Then you’ll do it on a remote testnet staking fake OCEAN. Finally, you’ll do it on mainnet staking real OCEAN.
1. **Run a predictoor bot.** Follow the steps in the [Predictoor README](https://github.com/oceanprotocol/pdr-backend/blob/main/READMEs/predictoor.md). You’ll start by running simulations with AI-powered predictions. Then you'll run a predictoor bot on a remote testnet staking fake OCEAN. Finally, you’ll do it on mainnet staking real OCEAN.
1. **Optimize the bot.** Improve model prediction accuracy via more data and better algorithms. Extend to predict >1 prediction feeds (Predictoor has many). Wash, rinse, repeat.
The actions as a predictoor give the following ways to earn:
@ -17,9 +16,6 @@ The actions as a predictoor give the following ways to earn:
* **Predictoor DF.** The third phase of Predictoor rollout will have an incentives program that amounts to additional earning for predictoors. 37,000 OCEAN/week rewards.
Don’t expect to be 100% accurate in your up/down predictions. Marginally better than 50% might be enough, and be skeptical if you’re greatly above 50%, you probably have a bug in your testing.
Predictoors can earn even more, via complementary actions:
* **[Challenge DF](../data-farming/df-intro.md#what-is-challenge-df).** Predict accurately for weekly prizes.
Every week there’s [150,000 total OCEAN rewards](../data-farming/df-intro.md#reward-schedule) for Ocean Data Farming. This will increase in early 2024, and more yet later.
{% hint style="warning" %}
@ -34,7 +30,7 @@ You can make \$ by buying prediction feeds, and using it as an input — as “a
Typical steps as a Trader:
1. **Play with dapp, and trade.** First, go to [predictoor.ai](https://test.predictoor.ai/) to build intuition: observe the free feed, perhaps buy a few feeds, and watch them change over time. In a second window, have Binance open. Employ a baseline trading strategy: when a new Predictoor prediction pops in, buy if “↑”, and sell or short if “↓”; exit the position 5 min later.
1. **Run a trader bot.** Follow the steps in the [Trader README](https://github.com/oceanprotocol/pdr-backend/blob/main/READMEs/trader.md). You’ll start by deploying a bot locally that follows the baseline trading strategy: when a new Predictoor prediction pops in, it buys if “↑”, and sells if “↓”. Then you’ll do it on a remote testnet with fake tokens. Finally, you’ll do it on mainnet with real tokens on a real exchange.
1. **Run a trader bot.** Follow the steps in the [Trader README](https://github.com/oceanprotocol/pdr-backend/blob/main/READMEs/trader.md). You’ll start by running simulations with AI-powered predictions. It follows the baseline trading strategy: when a new Predictoor prediction pops in, it buys if “↑”, and sells if “↓”. Then you’ll do run a trader bot on a remote testnet with fake tokens. Finally, you’ll do it on mainnet with real tokens on a real exchange.
1. **Improve & extend.** Improve trading performance via more sophisticated trading strategies. This is a universe all of its own! Extend to >1 prediction feeds (Predictoor has many). Wash, rinse, repeat.
The actions as a trader offer a single yet powerful way to earn: **trading revenue.** Buy low and sell high! (And the opposite with shorting)