FAMS, which stands for Futures Account Management System, enables features such as stop and limit orders on Oracle-based system . FAMS is a middle-layer smart contract system that allows Oracle-based system's 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.
The Account Manager includes pages for Overview, Deposit, Withdraw, and Keeper.
Using FAMS in Oracle-based system
FAMS make Limit and Stop Loss possible by automating the multi-step transactions via batch execution.
FAMS is a part of Futures trading on Oracle-based system. Every user is required to set up a non-KYC account on Oracle-based system 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 Oracle-based system s. 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.
Deposit Funds into your Keeper (BNB for BNB Chain)
