Options on
@unipcs
the top ten
@ether_monk
conviction
a hot streak
somebody's week
their next call
fomo
@unipcs
Buy the call or the put on a fomo trader's PnL. One day or one week, up or down. The underlying is the trader, not the token.
SETTLED IN USDG
SETTLED IN USDG
SETTLED IN USDG
SETTLED IN USDG
SETTLED IN USDG
SETTLED IN USDG
SETTLED IN USDG
SETTLED IN USDG
SETTLED IN USDG
SETTLED IN USDG
SETTLED IN USDG
SETTLED IN USDG
Open options protocol
REDEEM is an open options protocol. It lists the top traders on fomo and writes binary calls and puts on the one number they are judged by: how much money they are up.
288/day
288/day
Readings of the fomo leaderboard, five minutes apart. Every one is published as a file with its timestamp and its source.
10 callers
10 callers
The top ten on fomo's own board, each listed with a one-day and a seven-day market. Listing is permissionless.
Median of 3
Median of 3
Both ends of a market are the median of the three snapshots nearest that moment, so a last-second flush moves nothing.
Built for the other side
Any handle, any window, either side
One question per caller, asked at two horizons. Will they be up over the next day, and over the next week. Up is a call on their PnL, down is a put, and both settle on the sign of the same number.
Settles on evidence, not opinion
No opinion enters a settlement. The keeper reads a public board every five minutes, both ends of a market are the median of three readings, and the outcome is posted with the hash of the file it came from.
Permissionless, and the subject gets paid
Anyone can be listed and nobody has to ask. In exchange a share of every fee on your markets accrues to an escrow under your handle, and one signature delists you and refunds every open position at cost.
A void beats a bad settlement
A protocol that always settles will sometimes settle on a number it cannot defend. Missing evidence, a stale resolver or an opt-out all void the market instead, and every position is refunded at what it cost.
The machine
Three cuts,
no narrator
Where the number comes from, what replaces the Buy button, and what a settlement actually pays. Nothing here is a mockup: every figure is one the protocol prints.
Board
See the board
REDEEM writes markets on
the people you already follow
One card, every screen
Protocol architecture
Three moving parts
Read
A keeper holds a logged-in session and reads fomo's leaderboard every five minutes, writing each reading to its own published file.
Read the docs
Strike
A market records the median of the three snapshots nearest its open as its strike, on chain, before anybody has traded it.
Read the docs
Settle
At the close the resolver posts the outcome together with the keccak256 of the settlement file, so anyone can fetch it and recompute the result.