Successful Audit of Horizon Futures FAMS Concludes

May 22, 2024

Successful Audit of Horizon Futures FAMS Concludes

We are pleased to share with you that the audit for Horizon Protocol’s Futures Account Management System (FAMS) has been successfully completed. The audit encompasses all the new code implemented to support the integration of the highly anticipated FAMS, which enables many features such as stop and limit orders on the Horizon Protocol Futures Exchange.

For those unfamiliar, the FAMS is a middle-layer smart contract system that allows traders to intelligently manage their margin across perpetual futures markets and enables a suite of conditional orders (limit, stop, take-profit, and stop-loss), by combining many ordered commands or actions into a single on-chain transaction. The new system should greatly empower the capabilities of traders while simultaneously improving UX and the time needed to perform multi-step operations.

In summary, no critical issues were found during the audit. Only one medium-level issue and two low-level issues were detected. We are pleased to inform you that our development team has already resolved all of these issues. You can find the full report here.

We would like to thank AstraSec for their comprehensive auditing, helping us to ensure a safe environment for our users. We look forward to working together with them again in the future!

Horizon Futures Testnet Trading Competition
After a successful start of the Horizon Futures Testnet Trading Competition, in collaboration with Coinwire, with 90 participants making more than 1178 trades, we have now entered the final week! There is still lots to win by participating. For more details on how you can participate and what the rewards are check out this article.

About Astrasec

AstraSec is a blockchain security company that provides high-quality auditing services for blockchain-based protocols. With a team of blockchain specialists, AstraSec maintains a strong commitment to excellence and client satisfaction. The team members have extensive audit experience for various famous DeFi projects, such as AAVE, 1inch and Pancakeswap. AstraSec’s comprehensive approach and deep blockchain understanding make it a trusted partner for clients.

To learn more about AstraSec you can visit their website.

Horizon Protocol is a decentralized derivatives trading and liquidity protocol that provides decentralized access to the real-world economy through synthetic assets. Through Horizon Protocol, users can access swaps and perpetual futures of RWA (real-world assets), including, fiat (i.e. USD, EUR, JPY, etc.), and commodities (i.e. gold, silver, etc.).

With a peer-to-pool model where a counter-party is not required for trading, Horizon Protocol can offer DeFi traders low fees, deep liquidity, and zero slippage when trading borderless synthetic assets. Horizon Protocol sets itself apart with a strong focus on seamless UI/UX and educational content to help the community understand the power of DeFi derivatives.

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