Take a positionon the tradersyou follow
FOMO let you watch them. Peer lets you trade them. The top ten fomo traders, priced by their PnL. Up or down over the next day or the next week, a call or a put on either. The underlying is the trader, not the token.
More than 500k tradersalready on fomo. Now you can trade them.
Unipcs
"If the Lord will, we shall live, and do this, or that." - James 4:15
A social profile you can
take a position on
Peer is one component repeated everywhere. Take an X profile, stack a fund card underneath it, and replace Buy with live odds. Every screen in the product is a variation on this card.
Ethermonk
sometimes less is more. i do not have a telegram channel or paid group, be careful of scammers
- 1
The profile, intact
Banner, avatar, handle, follower count, bio. Everything that makes a trader recognisable on fomo carries over, because that recognition is the whole reason you have a view on them.
- 2
Their PnL, scored honestly
The card leads with one number: how much money this trader is up or down on fomo. A deposit cannot move it, because money moved in is not profit, so the line only goes where their trades take it.
- 3
The metrics that price them
Realised volatility, win rate, 30-day volume. Not decoration: these are the inputs the model uses to set the opening odds.
- 4
Two buttons instead of Buy
A fund card ends in Buy. A Peer card ends in a live market: a call or a put on their PnL, with the payout multiple you would actually receive after fees.
Will they be up? Pick a horizon.
The top 10 fomo traders each list with two live markets: their PnL over the next day, and over the next week. Up is a call on them, Down is a put, and both settle in USDG.
Calls and puts · 1 day
Settles on sign of 1-day PnL
Their PnL over one day. The call pays if it ends positive, the put pays if it ends negative.
Three steps, no seed phrase
Sign in with a social account, fund with a card, trade gasless. The chain is an implementation detail, not a hazing ritual.
- You buy
- $100.00 of the call at 43¢
- Shares receivedEach redeems for 1 USDG if the call lands
- 229.89
- Protocol feeCharged on redemption, never on the way in
- 2% of winnings
- 01
Pick a trader
The top ten traders on fomo's leaderboard are listed, each with a one-day and a seven-day market. Search a handle or browse the board.
- 02
Take the other side
Buy the call or the put at the live price. A contract costs what the market says and redeems for exactly 1 USDG if you're right.
- 03
Settle on the index
At the close, the oracle publishes a 15-minute median of their index and the market resolves. Winnings land in your wallet.
Open markets right now
Their PnL, as one number
Every option on Peer settles on the same thing: how much money the trader is up or down on fomo. Get that number right and the rest is plumbing.
Raw portfolio value cannot be the underlying. A trader who deposits $10,000 an hour before the close would settle every call holder into a win they did not earn. Total account PnL is already net of that: money moved in is not profit. A deposit does not move it. A trade does.
strike = median(3 snapshots nearest open)
settle = median(3 snapshots nearest close)
outcome = settle > strike ? call : putBoth ends are a median of three readings rather than one, so a last-second flush moves nothing. Every reading is a published file, and the settlement commits its hash on chain.
- Read every
- 5 min
- Both ends
- 15m median
- Evidence
- Published
- Readings a day
- 288
- Behind each end of a market
- 3 snapshots
- Committed on chain
- 1 hash
Every reading the keeper takes is published, and a settlement names the snapshots it used, so anyone can fetch them and check that the outcome follows from numbers that existed before it was known.
How the odds are set
Two layers, and they get conflated constantly. The market price is the payout. The model only decides where a brand-new market opens before anyone has traded it.
Price is the payout
A share costs p and redeems for exactly 1 USDG if you're right. A fixed-product market maker sets p from its reserves, so there is always a live price even on a market nobody has touched.
p_up = R_down / (R_up + R_down)
sharesOut = I × (R_up + R_down + I) / (R_other + I)Trading is free. The fee is taken only from winnings at redemption, so the multiple shown is the one you actually receive.
Where a new market opens
With no flow yet, the protocol has to quote something fair. Two choices matter more than the formula: drift is shrunk hard toward the cohort mean, because trader alpha at a 24-hour horizon is mostly noise. The distribution is Student-t rather than Gaussian, because a memecoin book has tails a normal prior would give away for free.
μ̂ = w·μ_trader + (1−w)·μ_cohort , w = n/(n+n₀)
p = 1 − F_t( (σ²/2 − μ̂) / σ ; ν )
p = α·p + (1−α)·0.5 , α = min(1, n/n₀)Live numbers for @frankdegods. The model opens the market; from there it is just people disagreeing.
Where the fee goes
2% of winnings, split three ways. On $100.00 of winnings that is $2.00:
Paid to the LPs whose capital seeded and backstopped the market.
Half buys PEER and burns it; half is paid to holders in USDG.
Accrues to the subject, claimable by signature even when unclaimed.
We already owe you money
Listing is permissionless, so a market can exist on you without your involvement. That cuts both ways, so 15% of every fee collected on your markets accrues to an on-chain escrow in your name from the first trade, whether or not you have ever heard of Peer.
Sign once from any resolved wallet to claim it. The same signature also lets you opt out entirely, which voids every open market on you and refunds each position at cost.
The questions that actually matter
Both ends of a market are the median of the three snapshots nearest that moment, so a last-second flush moves nothing: to shift a settlement you would have to hold the figure for a quarter of an hour, in public. The bigger protection is that the subject cannot see a private number. Total account PnL is on their own public leaderboard, so anyone taking the other side is looking at exactly what they are.
No, and that is the point of settling on total account PnL. fomo does not publish wallet addresses, so a version of this that priced a portfolio would first have to guess which addresses belong to a handle and then value everything in them. The number on fomo's own leaderboard needs neither. It is also the number the trader is judged by socially, which is the one worth trading.
From fomo itself. A keeper holds a logged-in session and reads the leaderboard every five minutes, writing each reading to a file with its timestamp and source. Those files are served publicly, and a settlement commits the hash of the one it used, so the number a market resolved on can be fetched and checked rather than taken on trust. Abbreviated figures are refused outright: a rounded number cannot tell a $40,000 day from a flat one.
A resolver key posts the outcome with the hash of the settlement file behind it. That file names both PnL figures, the window, and the snapshots they came from, and it is published, so the outcome can be recomputed by anyone rather than taken on trust. It is one key in v1 and that is a real limit, so the backstop is in the contract rather than in a promise: if nobody resolves within seven days of the close, anyone can void the market and every position refunds at cost.
Say so and you are delisted: every open market on you voids and refunds each position at cost. Nothing you hold is touched and nothing you trade on fomo changes, because Peer never places a trade and is never your counterparty. Someone taking the other side of a market is.
fomo already settles its trades there, so the venue and the underlying share a chain. It is an Arbitrum Orbit L2 with ETH for gas. Collateral is USDG, the Paxos-issued stable that bridged USDC arrives as. Chain ID 4663.
You already know who's going to be up tomorrow
20 open markets across 10 traders, settled in USDG on Robinhood Chain.