Account Management (FAMS)
FAMS, which stands for Futures Account Management System, enables features such as stop and limit orders on Horizon Protocol's Futures Exchange.
Last updated
FAMS, which stands for Futures Account Management System, enables features such as stop and limit orders on Horizon Protocol's Futures Exchange.
Last updated
FAMS is a middle-layer smart contract system that allows Horizon Protocol Futures traders to intelligently manage their margin across perpetual futures markets by automatically performing multi-step operations by batch executing these actions in a single transaction, improving the overall UX for the user.
FAMS make Limit and Stop Loss possible by automating the multi-step transactions via batch execution.
FAMS is a part of Futures trading on Horizon Protocol. Every user is required to set up a non-KYC account on Horizon Protocol Futures before they can start trading.
Setting up your account includes the following steps:
Create Account - Approve the FAMS middle-layer to act on your behalf to automate actions such as limit and stop-loss orders. Requires signing with your wallet.
Deposit Margin - deposit the funds you want to use in Horizon Futures. Only the funds deposited can be used by FAMS. It cannot touch other assets in your wallet.
Fund Keeper - to access limit and stop-loss orders, the Keeper must be funded. The Keeper is what is used to automate and batch-execute multi-step operations on your behalf. Without funding the Keeper, you will be limited to just Market actions without Take Profit/Stop Loss orders.
Learn more about the Account Setup process here: 2. Set up your Account.
For more details about how the contracts work, please visit our Github: https://github.com/Horizon-Protocol/horizon-perps-margin
Horizon Protocol's FAMS is flexible and fully upgradable, meaning further multi-step operations can be implemented and integrated seamlessly.
If there are any requests or suggestions, please connect with our Community Managers on Telegram or Discord.
