Horizon Protocol strides into the final stretch of development preceding the mainnet debut! This cutting-edge iteration unveils the Horizon Futures Account Management System, poised to introduce pivotal functionalities. Among these are conditional orders like limit, stop, take profit, and stop loss. Additionally, cross-market margin management and a multi-command execution system are integrated, streamlining traders' operations.

The Futures Account Management System (FAMS) emerges as a novel intermediary smart contract system atop the Horizon Protocol Perpetual Futures contracts. Leveraging Uniswap’s Universal Router's adaptable command structure, FAMS empowers traders with the ability to execute multiple commands within a single transaction, enhancing user experience and time efficiency. This innovation facilitates more effective margin management across various perpetual futures markets and enables the execution of complex orders in a single swift transaction.

A notable integration within FAMS is Gelato’s automated task execution system, which catalyzes the implementation of conditional order features on Horizon Futures. Traders gain the capability to formulate conditional orders in the guise of limit or stop orders, set to execute automatically upon reaching predetermined trigger prices.

The introduction of Limit Orders marks a significant enhancement. Traders can now initiate these orders, stipulating desired purchase amounts and setting limit prices. Adjustments to leverage can be made before placing orders, ensuring seamless execution when futures prices align with the predetermined limit price.

Stop Orders add another layer of versatility. Traders can establish stop trigger prices alongside order sizes. Once these trigger prices are attained, orders automatically come to fruition, enriching traders' arsenal of strategic tools.

Moreover, the incorporation of Take Profit and Stop Loss Orders furnishes traders with direct position management capabilities. By setting target prices for profit-taking or loss mitigation, traders can proactively manage their positions. The interface provides clear insights into expected profits or losses at designated price targets for each order, empowering informed decision-making.

Cross Market Margin Management offers traders a panoramic view of their accounts across all markets, facilitating efficient margin allocation. This feature equips traders with comprehensive insights, enabling well-informed trading strategies.

Automation plays a pivotal role in enabling conditional limit and stop orders. Through Gelato Task Keeper, these functionalities become seamlessly executable. Traders are encouraged to ensure adequate funding for the keeper to avail themselves of automated order execution services.

Accessing the Horizon Futures Testnet V2 opens doors to experimentation and exploration. Traders can immerse themselves in the testnet environment, leveraging its features and functionalities. The transition to Arbitrum Testnet ensures a seamless experience, inviting traders to actively participate and provide valuable feedback through Telegram or Discord channels.

Beyond the technical advancements, Horizon Protocol commemorates its three-year journey with a celebratory merchandise giveaway. As the community rallies to mark this milestone, anticipation mounts for forthcoming updates and festivities.

In a bid to incentivize engagement with the Horizon Futures Testnet, a trading competition with a substantial PYTH reward pool is announced, spanning from May 6th to May 27th. This initiative aims to foster active participation and foster a vibrant trading ecosystem within the Horizon Protocol community.

Horizon Protocol stands as a beacon in the decentralized derivatives trading landscape, offering access to real-world assets through synthetic assets. With a peer-to-pool model, Horizon Protocol eliminates the need for counterparties in trading, ensuring low fees, deep liquidity, and minimal slippage. Noteworthy for its intuitive UI/UX and educational resources, Horizon Protocol continues to empower the DeFi community, ushering in a new era of decentralized finance derivatives.