Olena Protocol

@0xCramJam In the end the same as everyone else. We had a number of bugs and spec drifts and were having to implement fixes that were shifting the leaderboard a lot. We thought it fairest to just give every participant the same amount in the end. This applies to comp 1 only.

@OlenaProtocol how did I do?

Rewards for Olena’s 1st competition are live. You can now claim your rewards here: predict.olena.xyz/rewards Just log in and tap the 🎁 icon to view your rewards. Select “Claim Rewards” to receive your Olena Reward Tokens (ORT) in your wallet.

@Wirecash21 There's nothing to stop anyone setting up a market for them on Starknet but right now but it'd possibly be a bit premature.

@OlenaProtocol Is ORT tradeable

@Chain_AlphaX ORT will be convertible for our Olena network token Olena when we launch our full production app.

@OlenaProtocol ORT tokens, interesting… what can we do with them?

The first Olena forecasting competition has ended. Thanks and well done to everyone that participated. We're very happy with how the aggregator has performed. Despite relatively small sample sizes of approx 50 per question, Olena consistently produced sharp forecasts on uncertain topics. On the individual scoring side of the ledger, we had to fix an info score bug midway through the competition. We've also noticed the crowd-fit z-scores can blow up on certain condensed distribution questions - something we need to rectify to maintain the info score/crowd-fit score balance that is essential for honesty incentives. Finally there was an implementation vs spec drift on the monthly leaderboard that caused negative scores to not be counted. Given all of this, and given the fixes to the two last issues mentioned would cause a lot of movement on the leaderboard after the completion of the competition, we've decided the fairest thing to do here is reward all first competition participants equally while reorganising the overall leaderboard according to intended mechanism behaviour. We will settle the competition and pay out the reward tokens soon. Over the next two weeks we're going to attend to the mechanism issues and make the UI *a lot* more intuitive before we launch competition 2.

@Wirecash21 You do. Announcement tomorrow.

@OlenaProtocol Do we get rewarded after the first season end

Exhibit A: Polymarket. $13.3m dollar traded. Odds of 61% for eventual winner. Exhibit B: Olena. Tiny fractions of that dollar number spent. Odds for eventual winner 62%. What's more interesting is look at the surprisingly popular hump. The sharps on Olena had the odds at about 90%. When track records develop more, these sharps will drag the aggregate towards them a lot more. But even now, in beta, with comparatively few users, Olena beat Polymarket.

Olena Asks: How likely is this claim? Tempo reaches 5% of global stablecoin supply by March 18, 2027 predict.olena.xyz/questions/temp…

Our product is our forecasts. If VP isn't scarce, and anyone can answer any question without cost, we won't have good forecasts. There was enough VP to anwer 1-2 questions per day and we communicated to users to allocate it wisely. That wasn't enough for many so we need to improve those comms but we are sure we need to grow users within certain constraints if we're to be successful.

@OlenaProtocol Yes. I can't participate in most of them. As an early adopter, I don't see the point of being so restrictive at such an early stage unless you don't care about scaling and growing your community.

Olena says there's a 68% chance Russell Brand will be convicted. predict.olena.xyz/questions/russ…

@BerrosJeremy I don’t follow. You mean that you need it to participate?

@OlenaProtocol Can you guys stop this BS with "minimum voting power". At this stage of the project this is really overkill IMO

Pleased to report this bug is patched. We've replayed the first 11 markets with the patch in place and are now in the process of beginning to settle all outstanding markets. Expect a lot of leaderboard movement!

It has come to our attention that a lot of users have run out of VP. We warned you! Anyway lessons learned for all of us. We're going to reduce conviction range to 1-3 VP and add a banner reminding everyone every day to pick their battles rather than trying to have a say on everything. If VP isn't scare we won't get good forecasts but we don't want people to run out before competition end either. So we'll try find a happy medium. Good to learn these things before we ramp up distribution.

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