Tech Update: Futures Account Management System Audit in Progress

Horizon Protocol
2 min readApr 17, 2024

As we approach the final stages of integrating exciting new features into Horizon Futures’ second testnet, we are pleased to share that our code is undergoing a thorough audit done by AstraSec.

Who are 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 audit 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.

Scope of the audit:

The audit encompasses all the new code implemented to support the integration of the highly anticipated Futures Account Management System (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 the trader to intelligently manage their margin across perpetual futures markets, enables a suite conditional orders (limit, stop, take-profit, and stop-loss orders), and allows for the combining of many ordered commands or actions into a single on-chain transaction. The new system should greatly empower the capabilities of the trader while simultaneously improving UX and the time needed to perform multi-step operations.

We anticipate the audit to be completed by early May. We will keep everyone updated on this process.

Don’t forget to join us in celebrating Horizon Protocol’s third anniversary! Participate in our social media campaign for a chance to win $HZN rewards and exclusive Horizon Protocol merch. Learn more about how you can participate by following this link.

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.