kyle retweeted
the biggest update to @fomo perps since launch.
most of the feedback we've received for perps has been to launch on web, and now it's here.
trade mobile when on the go, and manage your positions when you're back at the desk.
try it out, more updates soon :)
fomo perps is now on web.
Since launching perps on mobile in June, 52,000+ traders have traded over $7.2B in volume.
Trade all 290+ markets from one account, on any screen.
kyle retweeted
Excited to share I’ve joined @fomo to work on community and socials
I’ve been trading for nearly a decade (unc), and fomo has become a product I've enjoyed using every day
Grateful to be joining an incredibly talented, high-integrity team to build the social graph of finance
kyle retweeted
team has been cooking on this behind the scenes.
our internal router launched beginning of september and quickly proved itself.
now, combining both the bridge + routing layers allows us to deliver the best possible execution to users.
Introducing the fastest crosschain swaps on the market. Crosschain transactions on @fomo now land in <1s.
A week ago, we rolled out our own internal bridge to a small % of users.
Public rollout of fomo bridge begins now.
RT @sacha_io: excited to finally announce this. the entire team has put a huge amount of work into making FOMO the best EVM & cross-chain t…
This quoted post is unavailable.
kyle retweeted
when first trading on fomo over a year ago it felt almost unreal buying from one chain to another, even if it took a few seconds.
it was just so simple.
today the magic returns with fomo’s own internal router being the FASTEST in market.
with 10x+ more transactions today than any other app, these improvements are massive for the entire industry.
fomo.
Introducing the fastest crosschain swaps on the market. Crosschain transactions on @fomo now land in <1s.
A week ago, we rolled out our own internal bridge to a small % of users.
Public rollout of fomo bridge begins now.
kyle retweeted
been shaving off ms and bps last couple days
dune.com/relay/fomo-pump-fun…
It's been productive so far. might do a long form post about the engineering behind this! i believe this is the fastest way to move money and trade across chains in production so far.
Introducing the fastest crosschain swaps on the market. Crosschain transactions on @fomo now land in <1s.
A week ago, we rolled out our own internal bridge to a small % of users.
Public rollout of fomo bridge begins now.
kyle retweeted
fomo has the fastest cross chain transactions of any trading app and it's not even close
This has been live in stealth for a week now and we were slowly rolling it out for the safety of our users
Today it is available to everyone
Find the fastest and cheapest fills on fomo
Introducing the fastest crosschain swaps on the market. Crosschain transactions on @fomo now land in <1s.
A week ago, we rolled out our own internal bridge to a small % of users.
Public rollout of fomo bridge begins now.
kyle retweeted
Speed is easy when there’s no traffic. Performance matters most during the busiest times.
During Robinhood Chain’s peak level of activity, @fomo dominated more than 50% of all trading wallets. This period came with a lot of lessons, as we scaled to an ATH of users trading crosschain.
The biggest learning that we found through this period was that when trading volatile assets, only two things matter: latency and execution
Now, fomo owns both the bridging and the routing.
Introducing the fastest crosschain swaps on the market. Crosschain transactions on @fomo now land in <1s.
A week ago, we rolled out our own internal bridge to a small % of users.
Public rollout of fomo bridge begins now.
They coming for our gold with alchemy and our bitcoin with quantum.
This might be the most bearish development for gold I’ve ever seen.
Marathon Fusion is proposing to turn mercury into actual, stable gold using nuclear fusion, potentially producing 5 tonnes of gold annually per GW of electricity generation.
Not gold-like material. Actual gold.
It’s still theoretical, but if this becomes commercially scalable, the implications for gold’s long-term scarcity could be enormous.
We’re literally talking about turning mercury into gold as a byproduct of generating electricity.
WTF.
kyle retweeted
some traders have mentioned they are being offered large piles of cash to leave fomo & trade on another app for 3 months.
our response is and always will be that we will never pay anyone to trade on our app.
the entire fomo network has been built organically. we feel that the only way we can build a long term social platform for finance is for it to be organic.
every social platform allows for better experiences as a user grows. we must allow for the same and do things that scale the social graph.
i.e. attribution, monetization, etc. are problems we MUST solve in order to achieve this goal.
we have lots of exciting things to launch that will allow top users grow with the platform as they bring balue.
on the flip side, we’re also grateful to have helped build a social network where the top users can command such high markets. there are some ppl i speak to where i suggest taking the deal if its something thatll help their life. i am never someone to get in the way of someone and their business.
the value of todays top users on fomo is already so high, and we only expect that to grow. traders are the next celebrities and they will be the biggest celebrities among the current & future generations to come. we hope fomo can steward in that future.
today, people use fomo because it is the best product and because we treat people with respect and transparency. those are the only two things that matter to us.
with scale comes problems to solve. we are committed to making this the best trading product in the world. every waking hour is spent towards working to this goal (including this one).
as always, my dm’s are always open for feedback, issues, and ideas.
kyle retweeted
Ansem loves what fomo has built so far, but he believes that educating the next generation of traders represents the platform’s most significant opportunity
“I love fomo”
“I think fomo's done a great job so far this cycle with hitting the social trends”
“What is going to be interesting going forward is the education piece”
“It's really easy to trade, cross-chain, any assets, stocks, perps, meme coins”
“It's kind of hard for your person who doesn't know what all these assets are to get good education”
“Most people don't even know what market cap is”
“They might size things the exact same way”
Asked by Frank Chaparro what he would like fomo to incorporate, @blknoiz06 focused on helping newer traders understand the markets they're entering.
He appreciates the platform's social trading experience and the accessibility of different asset classes, but sees a gap between making trades easy to execute and helping users make informed decisions.
Someone unfamiliar with market capitalization might approach a $1 million memecoin and a $1 billion asset with the same position size, without understanding the differences in liquidity, volatility or risk.
Ansem also wants users to have better ways to evaluate the traders they follow, understand their strategies and learn how different markets work.
As @fomo attracts people with varying levels of experience, he sees education as an area worth investing in alongside the trading experience.
Making the platform easier to navigate is valuable, and helping users develop better judgment could give them more reason to keep using it over time.
kyle retweeted
Our focus is the long term viability of fomo. That starts with the decisions we make now to create a solid foundation
A foundation where users feel confident that the investment they make now, to build a personal brand and an identity, won't collapse beneath them
Paul Erlanger says fomo is designed around long-term hold time to reward real creators and believers.
“The fundamental fabric and in every decision calculus we make, it’s how do we get and promote a platform where people could hold longer?”
“The creator rewards which we did $15 million in payouts in September alone, are used to incentivize holding on the platform.”
“If you could encourage holding, then as you transition to longer term assets, you could build this underlying social graph where communities can start on any of these things.”
“Right now we’re in the highest friction period, cause we gotta bring the off-chain assets on-chain.”
