Erasure is entering a new phase in 2020. As Fred Wilson wrote, the grand vision of Numerai comes to fruition with Erasure.
The Erasure Protocol - AVC
Some crypto projects are developed from scratch. Bitcoin, Ethereum, and our portfolio company Algorand are examples of…
In 2019, we laid the groundwork for Erasure to achieve its full potential and bring Web3 to the rest of the Internet. This included:
- Launching the protocol with its initial application, Erasure Quant
- Migrating the Numerai tournament to the Erasure protocol — ultimately leading to an increase in stakes of 306%
- Hosting the first ErasureCon in San Francisco
- Bootstrapping a technical community with an online hackathon to build great tools
It can be difficult to track growth for a decentralized protocol since by design, it’s impossible to measure metrics like daily active users (DAU) or Churn. That’s why we put together a dashboard to keep track of some of the metrics that matter the most to us:
Check it out at stakes.numer.ai.
Number_Agreements keeps track of the total number of agreements created on Erasure since the launch of the protocol in August 2019. The large increase represents the migration of the Numerai tournament to Erasure in October. It's a good approximation of the number of purchases on the protocol - but does not reflect repeated purchases like on Numerai.
Current_Stake_Amount keeps track of the current value locked up in all erasure agreements. This number goes up when new tokens are staked and goes down when tokens are burned or withdrawn. Below is the week over week net change in those metrics.
We’re happy to share these metrics and encourage you to create and share your own dashboards — the data is freely available on Google BigQuery and GraphQL. Also, here’s an awesome Twitter bot created by a community member, we recommend a follow:
Many compare Erasure to Augur since they are both platforms that monetize predictions or information. For the first time this month, we saw an Augur flippening — the USD value of stakes on Erasure passed the USD value of stakes on Augur.
This is a great signal of where Erasure is headed. That being said, it is worthwhile to draw a distinction between these projects. While Augur is a prediction market, Erasure is a portal to a new internet. One way to think about Erasure is as AWS for Web3 — Numerai Web Services if you will. Erasure is a suite of plug and play components that make new applications possible. An oracle powered by Augur would be a great future addition to Erasure’s suite.
In the second half of 2019, we hosted our first online hackathon with CoinList Build. This allowed us to bootstrap community tooling that makes integrating Erasure a piece of cake. These tools are completely open-source and contributing improvements is a great way to learn the ins and outs of the protocol — get in touch if interested.
We have released three new versions of the protocol since launch in August 2019. See these GitHub releases for details:
- v1.1.x in September included an upgrade to factories with significant gas optimizations
- v1.2.x in December added the new escrow primitive to support payments
- v1.3.x in January enabled staking and payments in DAI with NMR as source of scarcity
Despite being completely public, blockchain data is incredibly difficult to make sense of. Explore NMR info here as well as with these cool tools:
We are looking for a Head of DevX to join the Erasure team! If you are a talented software engineer with a passion for managing open-source communities, this is the gig for you.