Rocket DAO

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  Rocket Weekly Leaderboard

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  Rocket DAPP

Inspiration

Numerai and Reinassance Technology were our inspiration models. They are building a new paradigm. Unfortunately is not decentralized and distributed. We want to fix it. for the asset management space.

What it does

Rocket is an AI-run, crowd-sourced hedge fund based in Singapore. Rocket's asset allocations are determined by an AI, which is fueled by a network of +3,000 anonymous data scientists. Rocket hosts a weekly tournament, in which data scientists submit their predictions in exchange for the potential to earn rewards paid in a cryptocurrency called MUSA, while Rocket aggregate prediction in a meta-model to make asset allocation for its hedge fund. The vision is to create the world's first decentralized and distributed hedge fund (RocketDAO) driven by a Collective Artificial Intelligence.

How we built it

We built it crossing 2 technologies: Blockchain and AI. We are Ethereum based, and actually running on Polygon. We create an obfuscated dataset with 700 assets and thousands of features, including alternative datas.

Challenges we ran into

Increasing the Data Science Community, and increasing the People investing in our hedge fund. But, what is even harder is to decentralize the hedge fund shifting to a full DAO.

Accomplishments that we're proud of

We went from 0 to +3,500 models weekly submitted by Data Scientists for our machine learning competitions in the last 6 months. We raised 600,000$ in February 2022.

What we learned

We learned how to built a product and how to engage with Data Scientists. Our machine learning competition was launched in October 2021, now we have a machine learning competition running for 40 consecutive weeks and +3,500 Data scientists joining it weekly. Also, Our Hedge fund went live in April 2022.

What's next for Rocket DAO

After we decentralized the intelligence of the fund(through a blockchain-based AI competition), now it's time to decentralize the trading execution and client's onboarding.

Built With

• api
• c++
• ethereum
• google
• ipfs
• java
• javascript
• polygon
• python
• solidity