Fortunity Labs
About Fortunity Labs
Provides a decentralized derivatives exchange where traders can take long or short positions on economic variables, such as inflation rates, using continuous prediction markets. By sourcing unbiased, daily-updated statistical data from partners like Truflation, it enables perpetual contracts that reflect real-world metrics instead of traditional asset prices, offering a transparent and manipulable-free trading environment.
```xml <problem> Traditional prediction markets often rely on binary 'yes or no' outcomes, limiting the ability to continuously speculate on and hedge against real-world economic variables. Existing decentralized exchanges primarily focus on cryptocurrency price feeds, neglecting the potential for derivatives based on statistical data. This creates a gap in the market for transparent and manipulable-free trading environments that reflect real-world metrics. </problem> <solution> Fortunity is a decentralized derivatives exchange that enables traders to take long or short positions on economic variables, such as inflation rates, using continuous prediction markets. By sourcing unbiased, daily-updated statistical data from partners like Truflation, Fortunity creates perpetual contracts that reflect real-world metrics instead of traditional asset prices. This approach offers a transparent trading environment where the market price of perpetuals acts as a continuous prediction of the underlying statistic, with the funding rate serving as the reward. The platform aims to bring prediction markets back to traditional continuous markets, solving issues with traditional binary markets and unlocking the full potential of aggregate prediction. </solution> <features> - Perpetual contracts based on real-world economic statistics, such as US and UK inflation rates - Unbiased, daily-frequency data sourced from partners like Truflation - Continuous prediction markets that allow traders to take LONG or SHORT positions - Decentralized exchange (DEX) design, similar to dYdX or Perpetual Protocol - Protection against traditional pump, dumps, and spoofing due to the absence of an underlying asset to manipulate - Integration with Chainlink data feeds for reliable and convenient data sourcing - Built on Arbitrum, an Ethereum scaling solution, to enable low-fee transactions </features> <target_audience> The primary target audience includes traders, speculators, and individuals seeking to hedge against economic variables like inflation, as well as those interested in participating in continuous prediction markets based on real-world data. </target_audience> ```
What does Fortunity Labs do?
Provides a decentralized derivatives exchange where traders can take long or short positions on economic variables, such as inflation rates, using continuous prediction markets. By sourcing unbiased, daily-updated statistical data from partners like Truflation, it enables perpetual contracts that reflect real-world metrics instead of traditional asset prices, offering a transparent and manipulable-free trading environment.
Where is Fortunity Labs located?
Fortunity Labs is based in East New York, United States.
When was Fortunity Labs founded?
Fortunity Labs was founded in 2022.
- Location
- East New York, United States
- Founded
- 2022
- Employees
- 2 employees