Fomo Perps

Each trader has a perpetual market, where users can go long or short and choose a position size, with leverage of up to 5×. Positions are funded with USDG and held in a single cross-margin account, so gains on one position can offset margin requirements on another. Before confirming a trade, users can see their liquidation level.

Hourly funding payments flow between long and short positions to help keep each market aligned with the trader’s real-time P&L. Positions do not expire, and users can close them whenever they choose. The platform also features a trader list that can be sorted by 30-day P&L, alongside information about mechanics, fees, an insurance fund, and protocol resources.

fomo Perps provides access to this trading experience through its launch app and lists documentation, an API, audits, community channels, and governance among its resources