Horizon Protocol Futures Testnet is now live!
Horizon Protocol has reached the final stages of development before mainnet launch! In this latest version, the Horizon Futures Account Management System supports new essential features such as conditional orders (limit, stop, take profit, stop loss), cross-market margin management and a multi-command execution system that allows traders to perform multiple tasks. has been introduced. In a single transaction.
Futures Account Management System (FAMS)
FAMS is a new middle-tier smart contract system built on the core Horizon Protocol perpetual futures contract. Leveraging the Uniswap Universal Router’s flexible command architecture, FAMS allows multiple commands to be executed in a single transaction, increasing UX benefits and time efficiency for traders when performing complex operations. Traders can also manage margin more efficiently across multiple perpetual futures markets and place complex orders in a single trade (e.g. deposit margin to market, place market orders, and set take profit and stop loss orders in a single trade!). FAMS also directly integrates with Gelato’s automated task execution system, which enables and powers Horizon Futures’ new conditional ordering capabilities. Traders can create conditional orders in the form of limit or stop orders that are automatically executed when their trigger price is reached. Check out what’s new below! limit order
Image: Opening new positions with long-term order limits
Limited orders are now available! Click Limit Order, set the quantity you want to buy, set limit price, adjust leverage and place your order! When the futures price reaches the limit price, your order will be filled automatically! stop order
Image: Adding a short stop order to an existing position
Stop orders are now also available! Set a stop trigger price along with your order size and your order will be filled automatically when the trigger price is reached!
Take Profit/Stop Loss Order
Image: Add Take Profit + Stop Loss to existing position
Direct position take profit/stop loss order options are also available! You can set a target price if you want to take profit or stop loss. Check the Take Profit/Stop Loss checkbox and add Take Profit and Stop Loss price targets. The interface shows for each order the expected profit or loss at that price target. Cross market margin management
Image: Account Manager – Overview
Get a high-level view of your account and the margin you have at your disposal across all markets in which you hold positions. automation
Image: Account Manager – Keeper
Gelato Task Keeper is used to enable conditional limit and stop orders. Fund keepers to help Gelato automate ordering.
Access Horizon Futures Testnet V2 now
You can play the Horizon Futures testnet today at https://testnet.horizonprotocol.com/. Change your wallet to Arbitrum Testnet. Have fun and join us on Telegram or Discord to give us your feedback!
What else is happening?
- Horizon Protocol recently celebrated its 3rd anniversary! To celebrate this milestone, they are hosting a special prize giveaway. Stay tuned to Telegram and X for updates to join the celebration!
- To encourage more traders to play the Horizon Futures Testnet, a second trading competition will be held from May 6th to May 27th with a 2000 PYTH reward pool!
Horizon Protocol Information
Horizon Protocol is a decentralized derivatives trading and liquidity protocol that provides decentralized access to the real economy through synthetic assets. The Horizon protocol allows users to access swaps and perpetual futures for real assets (RWAs), including fiat currencies (e.g. USD, EUR, JPY, etc.) and commodities (e.g. gold, silver, etc.). Through a peer-to-pool (P2P) model that does not require a counterparty to trade, Horizon Protocol can offer DeFi traders low fees, deep liquidity, and zero slippage when trading borderless synthetic assets. Horizon Protocol differentiates itself with its focus on seamless UI/UX and educational content to help the community understand the power of DeFi derivatives.
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