Darwinia contest

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davidautentico

Junior member
15 32
Always glad to get anything above 50k, but I'm still waiting to take the first position at least once. Haven't been lucky with it. Came second last time thanks to SYO with a bigger D-score. This month, should have easily finished first with a 100% regularity but hey ho..

Unrelated, newer accounts are no longer as much of a punishment in Darwinia since they ditched EX. Just need 12-18 months of decent returns like GUO. Nice IMO. Sure some of us would have appreciated it long ago.
Indeed. My DQO reached the 29th position with 20 months of trading in Darwinex.
 

IlIlIlIlI

Active member
214 194
I also want to document here the payout of the hall of fame to compare it with next month:
1614538596588.png
It shows the total of the success of the traders at Darwinex generated from investor fees (currently 15% for traders) and DarwinIA prizes (also 15%) and is paid after 3 months.
In the week ending at 19th of February the payout exceeded 3 millions as Darwinex informed via email on the 19th of February:
1614538774749.png
 
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IlIlIlIlI

Active member
214 194
Today the hall of fame show a new value on the payout:
1614714233878.png

The difference of about 8.734 EUR includes investor fees for one day and the DarwinIA payout for March.
The fee agreement for both sources is 15 %.
That implies a profit of about 58,226 EUR for the relevant 3 months period made by Darwins for their investors or DarwinIA.
 

CavaliereVerde

Experienced member
1,147 1,526
It is too early to estimate the earnings from Darwinia, you have to wait until day 5.
My highest earning for KVL back in 2018 was paid on Day 5.
That amount - 3006k of the end of February will be very close to the Darwinia payout.
Since the reduction because of equity multipliers the amount is always close to 20k.
 
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CavaliereVerde

Experienced member
1,147 1,526
It is too early to estimate the earnings from Darwinia, you have to wait until day 5.
My highest earning for KVL back in 2018 was paid on Day 5.
I was waiting til the afternoon because some of my prizes were processed in the afternoon, while allocation is always assigned in the morning.

It seems I was right :)
3026k - 3006k = 20k mostly due to Darwinia.
 

Gargamel

Active member
244 464
Given it is Friday evening,5.day in new month,all fees are already 'in the bank'.
Good estimate for Darwinia!If we take 20k as all coming from darwinia fees(15% fee),that brings us to 133k profits on all allocations for Darwinia due for Quarterly payout.Do you have some estimate how much allocation was in the play?That would be worth 2 months of allocation if I understand it right-one monthly allocation reaching end of first Quarter and another monthly allocation reaching it's second Quarter end.
 

CavaliereVerde

Experienced member
1,147 1,526
I summed the real allocation for some months at the beginning of the equity limitation.
The real allocation is always close to 50% of the maximal so there are 22 millions of demo money distributed on 200-300 darwins.
 
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Gargamel

Active member
244 464
That would calculate as 1,7-1,8% Quarterly profit for allocations under new D-score regime.Not bad.Maybe darwinex found their 'working' DWEX with this:7% per year without leverage and great diversification?

EDIT:I summed up darwinia allocations for November batch(they just ended their first Quarter and got their first fees)- 5.322 Mil was total allocation.71% of theoretical max. allocation.
If they made half of 133k profits:that would translate into 1,25% Quarterly profit and 5,0% yearly profit.
 
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CavaliereVerde

Experienced member
1,147 1,526
The fact that they pay a performance fee does not mean the "portfolio" makes money.
Just like private investors they pay the few performers (that can be a small tail of lucky monkeys) but lose overall.
As investor I always paid ~3% of the allocated portfolio capital as performace fee, even in losing years.
Darwinia portfolio is not a working DWEX and I don't think they have one.
 
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CavaliereVerde

Experienced member
1,147 1,526
I summed up darwinia allocations for November batch(they just ended their first Quarter and got their first fees)- 5.322 Mil was total allocation.71% of theoretical max. allocation.
I summed up february 2021 and they allocated 4925k/7500k so 65%
Let's consider they are allocating 70% on average, it is 30 millions.
Highly diversified portfolios lose on average 1% per month (very low risk losing ;) )
They would lose 300k per month if it were real money, paying 20k makes much more sense.
Let's go to real earnings for them: management fees.
The total real AUM from investors is at least 30 millions, so it is 360k revenue per year and they spend 240k per year to pay Darwinia performers.
I think trading makes sense and alpha exists but this business model would work even with no alpha at all, efficent market and 100% random monkeys.
 

Gargamel

Active member
244 464
I think trading makes sense and alpha exists but this business model would work even with no alpha at all, efficent market and 100% random monkeys.
Addendum,from Trader's side:very few darwins (at the moment less than 10% of active darwins and there are accounts without darwins also and closed darwins every month), make it to 60 d-score and 40% rebates and become reasonably attractive for investors and competitive in darwinia. All the rest are paying nice commissions. ;)
 
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IlIlIlIlI

Active member
214 194
It seems I was right :)
3026k - 3006k = 20k mostly due to Darwinia.
Sorry, the 3006K were from last weekend, on Tuesday evening there were 3015k total performance paid (see screenshot, copied from above).
1614979637419.png


I assume they pay much less than 20k in the majority of all months, at least with the VaR cutting alpha stuff. ;)

I did not look at the hall of fame yesterday, but are you sure DarwinIA payout is added until now?
 
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