@hrdktwt I built a game on this exact idea two weeks ago. Live HYPE chart as your track, a few modes, and also onchain achievements coming
https://t.co/B623lJRFJ7
Extended end of Q1 update
[TLDR]
- Multi-asset collateral launching soon
- TradFi expansion accelerating (>25 markets live, partnership coming, focused on distribution via TradFi brokers)
- Becoming more institutional-ready (pricing methodology, trading workflows)
- Building decentralised, high-throughput sequencing
[Product]
The team has completed development of multi-asset collateral margin. It is now in the testing phase on testnet and undergoing smart contract audits. We expect to launch at the end of April or early May, with support for wBTC, ETH, USDT and potentially EURC as collateral, subject to underlying liquidity.
In Q1, we also doubled down on our TradFi offering, expanding to 25+ equities, indices, FX markets and commodities with competitive liquidity. We are currently finalising an agreement with a major TradFi broker, which will both broaden our offering and help bring in flow.
The other priority for the team is making Extended more institutional-friendly across both product and trading:
- Improving the definition and transparency of fair reference pricing for TradFi markets, with a consistent and clear methodology: spot-based references for equities and FX, and futures-derived pricing for commodities and energy
- Introducing and better communicating institutional-grade features such as MPC wallet workflows, API key-only trading, and our sub-account architecture
In addition:
- With multi-asset collateral, we have built native spot markets (required to process liquidations of non-USDC balances). These will be released shortly after the cross-asset rollout.
- The team is progressing towards decentralising sequencing via an application-specific chain built on a high-throughput implementation of full BFT consensus (targeting ~50ms block times and hundreds of thousands of transactions per second).
This architecture introduces an app-chain layered on top of our existing zk-enabled stack, enabling decentralised matching and related services while preserving existing security guarantees. More details and timelines will be shared soon. Importantly, this design enables Extended tokenomics and revenue accrual to the token.
[Growth and community]
Our strategy remains consistent:
- Stay open to feedback
- Continuously iterate on the product
- Encourage organic usage
- Do not do paid marketing or paid deals
- Focus on long-term sustainability and value creation
Over the past quarter, we have gained stronger conviction that demand for perpetuals is increasing among traditional players, driven by 24/7 trading, higher leverage and deeper liquidity. As a result, we are doubling down on business development with TradFi brokers (fintechs and trading platforms). This is a long-term effort, but we believe it will be a key driver of sustainable growth.
We also have several important integrations with trading terminals coming up, both retail and institutional.
[Team]
Over the past quarter, we hired 3 new team members and are now a team of 14. As we move towards decentralising sequencing, we expect to grow to 18-20 people in the coming months.
[Market and exchange metrics]
Nothing unexpected: January saw all-time highs across key metrics, followed by a broader market slowdown in February and March. All Extended metrics are public: https://t.co/ApTdGaTEOM
From our perspective, short-term market conditions are less important than long-term trends. What matters is that the market we are building in continues to grow and there is room for new players. We strongly believe this is the case:
- price discovery for TradFi assets is likely to increasingly shift towards perpetuals. More on this here: https://t.co/PyefvylBIJ
- DeFi continues to gain share versus CeFi
- Regulatory clarity is improving across both the US and Europe
Extended (@extendedapp) is doing great work, moving towards institutional and TradFi markets, bringing in major players to trade equities, indices and more, which should attract a massive influx of liquidity.
Extended has every chance of a great TGE.
Paradex OTC is becoming Crossdesk OTC
When we launched Paradex OTC, our mission was simple: provide the best possible execution for trading Paradex XP points.
Since then, the ecosystem has grown fast.
We’ve facilitated $3.3M+ in total volume, helped the Paradex team acquire $2M+ worth of points , and worked with leading partners such as @doubletop_io@shiftprotocol_ and @Damicale_s .
But the market is evolving.
Transferable points are becoming the new meta.
Protocols are starting to realize that allowing points to be traded before TGE unlocks:
• early liquidity for users
• real price discovery before token launch
• capital recycling back into the platform
• stronger platform metrics and revenue
• better supply management
Limiting ourselves to a single protocol no longer made sense.
So today, Paradex OTC becomes Crossdesk OTC.
Crossdesk is built to be the OTC market for transferable points across protocols.
Our vision is simple:
become the liquidity bridge between traders and the most robust Web3 protocols.
This is only the beginning.
New protocol partnerships will be announced very soon.
A new name.
A bigger vision.
Welcome to Crossdesk OTC
TG: https://t.co/vtFq7V4gP8
Website: https://t.co/6axkPbmkO4
My friends from Paradex OTC have expanded and became @Crossdesk_OTC
I fully support their mission to promote points transferability across protocols and will do my best to help make it the new meta.
They built a great interface with charts and an orderbook, and will be adding a couple of new protocols very soon. Guess which ones...
Let's support them with likes and kind words in the comments, as some great opportunities to sell points might be waiting for us in the future.
Après 24h d'attentes j'ai enfin eu mon allocation sur @paradex
Après un an à les défendre à croire en leur vision et à prêcher pour leur paroisse, le verdict tombe
Je suis dégoûté de la crypto. Ce n’est pas le marché qui m’a eu, c’est l’incompétence d’une équipe qui m’a poussé à bout. Un an de fidélité pour finir avec un goût de merde dans la bouche .
Parlons du calendrier. Un report du TGE de 7 MOIS. Sept mois de promesses non tenues, de "soon" et de discours marketing vides. Pour quel résultat ? Un lancement qui restera dans les annales des échecs de déploiement.
Vous avez voulu jouer la montre, vous avez fini par lasser vos plus fervents soutiens.
La stratégie de listing ? Un suicide pur et simple. Vouloir faire face aux géants du secteur et à Hyperliquid en listant uniquement chez vous en Spot ?
Résultat : -80% immédiat. C’est bien d'être indépendant, c’est mieux d'être compétent. On ne s’improvise pas leader quand on ne maîtrise pas les bases de l’économie d'un token.
L'exécution technique a été le coup de grâce. J'ai reçu mon allocation avec un retard monstre.
Résultat ? J'ai regardé tout le monde vendre son allocation pendant que j'étais bloqué, pour finir avec une valeur ridicule. Une erreur de débutant qui punit ceux qui étaient là depuis les debuts
Je ne rentrerai pas ici dans le détail de la réalité de vos revenus réels ni de votre déficit abyssal sur Paradex. Le temps fera son œuvre et les chiffres finiront par parler d'eux-mêmes. Vous aviez l'or entre les mains, vous l'avez transformé en merde par pur amateurisme.
Dieu merci grâce à mes frères @FelixLaMenasse et @pol012 d'avoir lancer l'OTC et d'avoir charbonné jour et nuit pendant 3 mois intensifs, où j'ai peu dormis, où j'ai mis sur pause ma vie pour faire ça à fond et gagner plus que l'airdrop m'aurait l'argent donné.
Clap de fin
The whole Paradex XP situation was perfectly described by @DocHankey in his post. https://t.co/PpQ3CuMaIc
Obviously, I’m also disappointed with the actions of the @paradex team. Postponing the TGE for so long effectively shot them in the foot and hurt their token valuation.
But this is exactly what I want to draw your attention to, so people don’t judge future projects based on Paradex. In reality, only a bad market can really lower FDVs.
Of course, you shouldn’t overestimate projects either. Set realistic expectations, then lower them by another 20% - that cushion will help you stay prepared for worst-case scenarios.
The ability to send points is the best thing Paradex has done.
Every DEX should introduce this feature at some point in its development.
I am sure you will make the right decision @ostium
I sold all of my remaining 43,000 DIME (25% XP) a few minutes after listing at $0.09 ($3,840), as I considered it a fair price.
Immediately after that, the price rolled over (I don't give signals and am generally opposed to trading).
So, my total profit on Paradex - $38,538 (including NFTs for two top-1 in options), or x7 on my investments.
Thanks again to @OTC_Paradex for giving me and our community the opportunity to sell a huge share of XP at $0.2-$0.25.
How a Hidden Polymarket Wallet Exposed the Ethereum Founder's Secret NFT Dump
Back in 2024, every crypto media outlet reported that Buterin bought 400 Patron NFTs for 32 ETH from @trueo_ (formerly @Truemarketsorg). He’s still holding to this day.
That headline triggered a SOLD OUT mint - a $4M collection. But a recently discovered Polymarket account allegedly linked to @VitalikButerin reveals there’s more to the story - and it might all be fake.
Polymarket account: https://t.co/reMgDAL8VB
In reality, there were two purchases made by Buterin:
1) From the public wallet - 32 ETH for 400 NFTs.
Media and CT picked it up (source), pumping the hype and leading to a $4M SOLD OUT collection at a mint price of 0.08 ETH per NFT (~$250 at the time). These NFTs are still sitting untouched - creating the illusion of a “hold.”
Purchase date: Nov-19-2024 10:46:49 AM +UTC
TX - https://t.co/c7gpZg6FEu
2) From an anonymous wallet - 64 ETH for 800 NFTs.
Of those, 101 remain unsold while 699 were sold off within 2–3 months at 0.16–0.23 ETH per NFT - roughly 2–3x the mint price (around 110–120 ETH total).
TX - https://t.co/7M6uz90h5u
Purchase date: Nov-19-2024 04:53:13 AM +UTC - about 6 hours before the public wallet buy.
So the “buy and hold” narrative tied to one of crypto’s most respected figures might actually have been a setup to lure investors into becoming exit liquidity for True Markets (later rebranded as Trueo).
Today, these NFTs are worth around 0.0032 ETH - roughly $6 each.
Could it really be just coincidence that the signer wallet of the Polymarket account believed to belong to @VitalikButerin is directly connected to a wallet that took part in the same PATRON NFT sale as his public address?
https://t.co/Kr1a2OHyIG
>Connected to a @Polymarket account suspected to be Vitalik Buterin’s
>The anonymous wallet bought 6 hours earlier.
>Matching amounts - 32/64 ETH, 400/800 NFTs.
> Public wallet = hold. Anonymous wallet = sold for 2–3x profit.
I don’t buy that kind of coincidence. This feels like a paid promo at best - or “helping friends” launch a project where the crypto community once again becomes the exit liquidity.
And if the Polymarket account really belongs to Buterin, it’s sad to think that even early crypto pioneers who preach decentralization might be tied to stuff like this.
Trust no one in Web3.
What do you think? Drop your thoughts in the comments.
@perpv2 Hello I had 10,000 in the lykvidity pool and 905 dollars in unrealized profit. I made a withdrawal and it shows 6978 in the pending amount. Why? Where did my money go?
@perpv2 Hello I had 10,000 in the lykvidity pool and 905 dollars in unrealized profit. I made a withdrawal and it shows 6978 in the pending amount. Why? Where did my money go?