Welcome to PEER
The first On-Chain Options Protocol for Social Trading.
Buy Stock Options on Your Favourite Fomo Traders.
FOMO let you watch them. Peer lets you trade them.
Only at: https://t.co/p1FtQiYX2H
0x96f0889cbc2d1423fd64fd1307335fe72f1a198e
Our first two test markets have successfully run through the system. The live market is now tradable onchain, with positions settling against the Peer Index: a trader’s actual performance, stripped of deposits and withdrawals.
Today, we open the floodgates.
Full Peer markets go live TODAY.
Up / Down. Target Return. New Positions. Range Bound. Streaks. Head-to-Head. One underlying: the trader.
The market for trading people starts now.
https://t.co/q9LTURFDON
Imagine you could buy calls or puts on your favourite FOMO trader's performance for the week.
You already have the view. You watch their positions, you see them size into something at 3am, and you think "no chance this holds to Friday." That opinion is worth something, and right now there is nowhere to put it.
Here is why that becomes a real market rather than a novelty.
Disagreement about a public trader is free and infinite. Every trader with an audience has people who think they are a genius and people who think they are one bad week from zero. You do not have to bootstrap two-sided flow on a market like that. It already exists, loudly, in their replies.
The underlying never expires. A token goes to zero and the market is over. A trader keeps trading. Every week produces new positions, new drawdowns, new calls, and every one of those is a settleable event. The thing you are pricing regenerates itself.
And the supply of underlyings is unbounded. There are a few thousand optionable US equities. There are 500,000 traders on FOMO, and every one of them is listable without asking anyone's permission.
What it adds up to: reputation stops being follower count and starts being a price. The loudest caller and the best caller are currently indistinguishable. Put a market on both and they separate inside a week.
https://t.co/q9LTURFDON
Peer now works on your phone.
Tap Connect, pick your wallet, done. MetaMask, Rainbow, Trust, or whatever you already have open.
FOMO is a phone app. The market on the people in it should be too.
https://t.co/EnLjW6cSDJ
PeerMarketV1 first test market deployed on Robinhood chain
Options markets on individual traders. One contract, no dependencies, no upgrade path, source-verified. We ran the full lifecycle on mainnet with real USDG before opening it, seeded, bought, resolved, redeemed and every balance reconciled to the unit.
First market is open: does @theunipcs close above their strike in 24h. 50 USDG seeded, opened at 50¢, capped at 250.
Fee only on winnings, 2%. 15% of it escrows on chain to the trader the market is about. If the resolver goes dark for 7 days, anyone can void it and everyone takes their money back.
Small and capped on purpose. Trade it: https://t.co/ffbc9yRR8P
Transaction ID: https://t.co/JP1Pn63qWH
An option needs an underlying.
Options on a stock work because the stock has one price everyone agrees on. Options on a FOMO trader need a price for the trader, and nobody had one. That is why this has never existed.
Writing the option is easy. Producing a number for "how is this trader doing" that the trader cannot move is the actual engineering.
So every 5 minutes we read every wallet resolved to a FOMO handle, price the holdings, and compound the returns from a base of 1,000.
r = (V − F) / V_prev − 1
V is portfolio value, F is net deposits and withdrawals. Subtracting the flow before dividing is the whole trick. A deposit raises V and F by the same amount, so the index does not move.
A trader can double their balance by wiring money in and their line does not budge. That kills the obvious attack: topping up your wallet three minutes before expiry to win an option you were losing.
Expiry takes the median of the final three snapshots, not a reading at the bell. To move it you would have to hold a manipulated price for the whole window, in public, against anyone willing to trade against you.
The options are binary. A share pays 1 USDG or 0, so the price is the probability and the payout is its reciprocal. An AMM quotes both sides, so there is a live price even on an option nobody has touched.
Every trader on FOMO stops being someone you watch and becomes something with a price, a chart and an options chain.
https://t.co/GGSejvzByZ
You can BUY STOCK OPTIONS on FOMO TRADERS.
Not their coins. Them.
That is the whole product, and the contracts have begun going live.
Trading opens next.
https://t.co/My7DvyA1xZ
Peer v1 is on Robinhood Chain.
PeerMarketV1 is deployed and source-verified on Robinhood mainnet at:
0x1a0a9ed1D00d681E1AFE3b3724C9F68444874285
Peer lists binary options where the underlying is a trader, not a token. Will x trader be up or down in 24 hours? You buy Up or Down in USDG. A share costs whatever the market thinks the odds are, and redeems for exactly 1 USDG if you're right, so the price is the probability is the payout.
Prices come from a fixed-product AMM, so there's a live quote even on a market nobody has touched. Trading is free. A 2% fee is taken from winnings only at redemption, split 60/25/15 between liquidity, treasury, and an on-chain escrow in the subject trader's name, which accrues from the first trade whether or not they've ever heard of Peer.
Solvency isn't a promise, it's arithmetic: every unit of collateral mints one share of each outcome before the swap, so what the winning side is owed can never exceed what the contract holds.
No markets are seeded yet, stay tuned.
https://t.co/ObtAc7QUO2
Peer v1 is on Robinhood Chain.
PeerMarketV1 is deployed and source-verified on Robinhood mainnet at:
0x1a0a9ed1D00d681E1AFE3b3724C9F68444874285
Peer lists binary options where the underlying is a trader, not a token. Will x trader be up or down in 24 hours? You buy Up or Down in USDG. A share costs whatever the market thinks the odds are, and redeems for exactly 1 USDG if you're right, so the price is the probability is the payout.
Prices come from a fixed-product AMM, so there's a live quote even on a market nobody has touched. Trading is free. A 2% fee is taken from winnings only at redemption, split 60/25/15 between liquidity, treasury, and an on-chain escrow in the subject trader's name, which accrues from the first trade whether or not they've ever heard of Peer.
Solvency isn't a promise, it's arithmetic: every unit of collateral mints one share of each outcome before the swap, so what the winning side is owed can never exceed what the contract holds.
No markets are seeded yet, stay tuned.
https://t.co/ObtAc7QUO2
5/5 redeem() pays 1 USDG per winning share, minus 2% of the winnings. That 2% splits 60/25/15: LPs, protocol, and the trader the market was written about.
The 15% accrues whether or not they have ever heard of us.
Every trader on FOMO already has an audience with an opinion. We are building the part where the opinion has money on it.
Contract drops today.
1/5 Today we deploy PeerMarketV1.
One contract. Every market on Peer lives inside it.
Binary options written on a trader's performance, priced by an FPMM, settled on an index that deposits cannot move.
This is step one. Here is what it does and why it is built this way.
4/5 Three keys, three jobs.
owner creates markets. resolver settles them, only after close, with a hash of the data behind it. guardian can stop one.
void(id, reason) → refund(id) returns your cost basis.
A protocol that always settles will eventually settle on a number it cannot defend. This one can say "I don't know" and hand the money back.
Our docs are live.
How the index works, how the odds are set, how a market settles. Written to be read straight through, with the maths folded in for anyone who wants to check it.
https://t.co/dtMlavLi8k
$PEER IS LIVE!
The first On-Chain Options Protocol for Social Trading. Buy Stock Options on Your Favourite Fomo Traders.
Ca: 0x96f0889cbc2d1423fd64fd1307335fe72f1a198e
https://t.co/EnLjW6cSDJ