Fortunity

The World's First Economic Variable Based Derivatives Exchange

What do we offer?

Continuous prediction. Forecast Markets.

Traders can take a LONG or SHORT position on economic variables. Predictions are now tradable like an asset. A new iteration over binary 'yes or no' prediction markets.

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What is Fortunity?

The Elevator pitch.
Fortunity is a new kind of Decentralized Exchange, think of dYdX or Perpetual Protocol but with a twist. Our perpetuals are not made using price feeds from cryptocurrencies. By contrast, we create new price feeds that follow statistics instead of money. Currently we follow the US and UK inflation rate. We source this data from partners such as Truflation, who provide unbiased, daily-frequency, inflation metrics. This is how we can implement our own spot price that isn’t a price at all, but a statistic. This in turn, makes the perpetual’s market price into a continuous prediction of said statistic, with the funding rate as the reward.
Who are we.
We won the 1st place Truflation Prize in the Chainlink Fall 2022 Hackathon. We are a 'hobby group' of part-time developers. As of current we have designed and built everything necessary for Testnet.  If all goes well we will move to Mainnet and go full-time!

Why make Fortunity?

The Problem.
In these uncertain times we leave the job of forecasting to the Government. Private institutions have their own estimates, and you could say the general public has twitter, but twitter's diverse opinions include everything from The Economist to the the stripper index. It can not therefore be considered a consistent aggregate public prediction. The recent invention and popularity of binary prediction markets such as Polymarket and Kalshi has been a clear indicator that the the public is indeed interested in speculation and 'willing to put their money where their mouth is'. Markets have long been known to aggregate and sum large amounts of ideas and information. Speculators are constantly predicating the future, creating what is known as aggregate prediction.
The Solution.
We have finally found a way to bring prediction markets back to traditional continuous markets. This solves a myriad of issues with traditional binary markets, as well as unlocking the full potential of aggregate prediction. It's a totally new way of thinking, and it provides the public with a clear and simple way to speculate, trade, and even hedge inflation.
By accidental consequence, because perpetuals can not be manipulated in the traditional means, and as we do not follow an underlying asset, we believe the entire system is protected against traditional pump, dumps, and spoofing.
See Our Docs
Markets have long been known to aggregate large amounts of ideas and information to speculate on the future. In other words, speculators are constantly making predictions and the market is where the sum of all those predictions can be calculated.

With perpetuals we realized the same mechanism could be applied to important, real-world statistics. A deviation in the market and spot price of a perpetual acts as a prediction.

Beautifully, we also think we have solved another issue facing the public. Perpetuals have the interesting quality that they can not be manipulated in the same way traditional assets can. As there is no underlying asset to manipulate, the perps themselves can not be manipulated in the traditional sense.

The Original Hackathon Submission

Thank you for checking us out! This is still very much a hobby project with big plans. Right now we have only deployed to the Arbitrum Sepolia Testnet but we hope to go further. Let's keep DeFi progressing, and no more GME!

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Community and Partners