Extended

Perp Dex built by ex- @Revolut team.

Info only. No advice, offer or solicitation. Eligibility and availability subject to local restrictions.

[Extended @extendedapp]

Stork’s new case study looks at how their price feeds support Extended’s crypto and RWA perpetual markets as the platform continues to grow and expand its market coverage.

Platform figures in the article are verified as of 11 June 2026.

Read the case study below.

[Stork @StorkOracle]

Case study: @extendedapp 🤝 Stork, from launch to global equity perps.

How a perp DEX built by @Revolut veterans scaled past $230B in volume, and the data layer underneath it. 🧵

[Extended @extendedapp]

Spot trading is live on Extended!

Extended has added spot markets for BTC, ETH, and USDT.

Spot and perpetuals now share a single margin account: spot holdings can be used as collateral for perpetuals positions without bridging or converting to USDC first.

If a USDC balance becomes negative through trading losses, they will be covered automatically using other assets in the same account. This means spot holdings may be reduced to cover losses on perpetuals positions.

Technical documentation: https://t.co/RFQIQSpqDK

[vooi @vooi_io]

Meet @extendedapp - now live on VOOI Ultra

Arbitrage funding rates on Extended via VOOI with zero extra fees - share $5,000

Full-scale trading suite, in a couple of clicks or a prompt

New wallets registered via VOOI receive 10% Extended Points boost

https://t.co/i3jB7TRn3S

[rf.extended @rf_extended]

6 months of building. what's next?

TLDR: We focused on putting in place the product, partnership and governance foundations for the next phase of Extended. TradFi partnership, hundreds of new crypto and RWA markets, spot trading and further decentralisation are coming. Our approach to growth remains unchanged: no KOL round, no paid promotions, no paid PR, no podcast sponsorships and no paid market-making arrangements.

Over the past 6 months, the team at @extendedapp has been focused on a fairly simple objective: building the product, infrastructure and partnerships required to support the next stage of growth.

A lot of the work happened behind the scenes but we are now getting to the point where the pieces are starting to come together.

Product

Some of the key items are already live:

- Multi-asset collateral, allowing users to post wBTC, ETH and USDT alongside USDC. Besides expanding the collateral universe, it also unlocks simple cash-and-carry strategies directly on the platform.
- Full email onboarding, including gasless deposits and withdrawals. While not particularly exciting on its own, it unlocks fiat on/off-ramp integrations that are required to onboard non-native users.
- Significant improvements to UI stability, responsiveness and overall user experience, driven largely by user feedback collected over the past months.

Several important pieces are coming next:

- Spot trading, which we view as a table-stakes component of a complete exchange experience and an important UX improvement to multi-asset collateral.
- Opening up our lending infrastructure beyond the exchange itself, allowing users to deposit wBTC, ETH and USDT, borrow USDC and deploy capital elsewhere.
- New trading infrastructure that will unlock hundreds of additional crypto and RWA markets. Internally, this is the product initiative we are most excited about.

Growth

Over the same period, we have spent a lot of time thinking about how Extended should grow.

One principle remains unchanged: we do not pay for KOL promotions, PR, podcast sponsorships or market-making arrangements. This applies equally to cash, tokens and points.

Its a slower path and not the easiest one but over time we have become increasingly convinced that sustainable growth is built on product quality, distribution and community rather than financial incentives.

We have also completed a number of less visible but equally important initiatives:

- Finalised the legal and commercial framework for our first tradfi partnership, which unlocks some of the product initiatives mentioned above and establishes a foundation for future institutional integrations.
- Secured the majority of the long-term partners who will help operate, secure and govern Extended. We are proud of the quality of the organisations that chose to support the vision and will be sharing more details separately.
- Spent considerable time with our largest users and major ecosystem participants to gather feedback and ensure alignment around the long-term direction of the protocol.
- Remained committed to our original targets for early community rewards, despite certain things taking longer than anticipated.

This month is an important one for Extended. It will conclude the team's efforts over the past 6 months and mark the beginning of the next phase: further decentralisation, ecosystem expansion and the transition to a community-owned protocol.

[Extended @extendedapp]

Extended now supports email signup

A new blockchain address is created for your email instantly, enabling gasless deposits to Extended.

[RedStone ♦️ @redstone_defi]

The end state for onchain trading is not fragmented apps and isolated balances.

It’s one margin account across perps, spot, lending, vault, commodities, indexes, and crypto.

That’s the direction @extendedapp is building toward. It only works with reliable pricing.

[Extended @extendedapp]

Now available to trade: $SPCX (SpaceX Pre-IPO) with up to 3x leverage

https://t.co/mkMt3OWK1T

[Extended @extendedapp]

RWA Oracle Infrastructure Update: Building the foundation for a broader universe of assets

Starting May 25, we will begin migrating select RWA markets to a native oracle implementation powered by RedStone.

This migration is an important step towards expanding the range of RWA assets supported on Extended.

Over the past 1.5 months, some of our RWA markets, including indices, energy, industrial metals, and precious metals, have relied on Trade xyz pricing infrastructure. To ensure continuity for traders, the new implementation closely follows the pricing methodology established by Trade xyz and broadly adopted across the industry:
- Indices: Futures-implied spot price based on cost of carry (SOFR minus dividend yield), using the same roll schedules as Trade xyz
- Energy and industrial metals: Futures-based pricing using the same roll schedules as Trade xyz
- FX and precious metals: Spot pricing

Migration schedule:
- May 25: Precious Metals (XAU, XAG, XPT) and FX (EURUSD, USDJPY)
- May 28: Industrial Metals (XCU)
- June 1: Indices (SPX, NDX)
- June 10: Energy (WTI, NATGAS, XBR)

Updated documentation includes details on market-specific price references, oracle availability windows, and equity index and energy roll schedules: https://t.co/IGK5bfoMQj

[Extended @extendedapp]

RedStone Live will be powering the commodities, FX, and index feeds on Extended.

The full feed-by-feed go-live schedule will be announced shortly. Plenty more to ship together from here!

[RedStone ♦️ @redstone_defi]

NEW: @extendedapp chose RedStone Live as the data layer behind their selected real-world markets.

Launching with precious metals and FX. Then expanding into industrial metals, indices, and energy.

The roadmap starts here. Expect more.

[Extended @extendedapp]

https://t.co/g4xuZm8BJR

[Extended @extendedapp]

Now available to trade: $LAB with up to 10x leverage

https://t.co/ulRMTD7DWw

[Extended @extendedapp]

Update on $LAB: the market is being moved to reduce-only effective immediately and will be delisted shortly.

The asset was surfaced by our volume-tracking model for listing consideration. Due to a one-off operational oversight, the required internal review was missed prior to listing: (https://t.co/RwhdbGK90s)

The listing process will be strengthened going forward. We apologize to the community.

[ZachXBT @zachxbt]

1/ An investigation into the opaque private loans/OTC, unilateral vesting changes, market maker coordination, unknown float, and >95% supply control behind $LAB's recent pump to $6B FDV.

Here's why @LABtrade_ represents everything wrong with the current meta of retail extraction on major centralized exchanges.

[Extended @extendedapp]

Now available to trade: $LAB with up to 10x leverage

https://t.co/ulRMTD7DWw

[Extended @extendedapp]

Extended surpassed $25M in Total Cumulative Revenue

[Extended @extendedapp]

USDT collateral is now live

USDT contributes:
- 95% to equity
- 90% to available-to-trade balance

[Extended @extendedapp]

Multi-Asset Collateral is now live on Extended
From today, wBTC and ETH are accepted as collateral alongside USDC and XVS (Extended yield-bearing collateral). EURC and USDT are coming soon.

How it works
The system operates on a native money market, with the vault acting as the primary lender. When trading losses push your USDC balance negative and that deficit is covered by non-stablecoin collateral, you are borrowing USDC.
Borrowing rates depend on two factors: overall vault utilisation and utilisation against each specific collateral asset. For example, if demand to borrow USDC against ETH is lower than against BTC, borrowing against ETH will be cheaper.
When a user holds multiple collateral assets, borrowing is automatically allocated starting with the lowest-rate asset and moving upward, minimising the effective cost with no manual input required. We are not aware of this being implemented anywhere else in DeFi.

Example. User is down $175K on a perp and borrowing $175K USDC against a mixed book:
$50K USDT @ 1% - $500
$50K ETH @ 5% - $2,500
$75K BTC @ 10% - $7,500
Total annualised interest: $10,500. Effective rate: ~6%. Borrowing the same amount entirely against BTC would cost $17,500 annually, or 67% more.

What this means for Extended Vault
The vault is the primary lender for the entire system. All interest paid by USDC borrowers flows to vault depositors as Extra Yield, on top of the trading fees already distributed.
This creates a second, structurally independent yield stream for XVS holders. The vault earns by serving as the backbone of the margin system.

[rf.extended @rf_extended]

What multi-asset collateral unlocks for @extendedapp's roadmap:
- Alongside multi-asset collateral, we have built spot trading infrastructure (all non-USDC liquidations already route through the native spot market), leveraged spot and a lending protocol.
- As the next step, we will open spot trading to users and expand lending beyond the Extended ecosystem to support broader DeFi use cases.
- Reasonably soon, we will multiply the number of crypto and TradFi markets available on Extended, while keeping liquidity and execution quality as top priorities and upgrading spot trading to support leverage.

While multi-asset collateral is only one part of the broader vision, it is foundational to Extended’s goal of building one margin account across all markets: hundreds of crypto and TradFi perpetual markets, leveraged spot, an open lending protocol, yield products (XVS), and other trading products.

[Extended @extendedapp]

Full details on contribution factors, the interest rate model, liquidation mechanics, and withdrawal logic: https://t.co/28YUtr34Fl

[Extended @extendedapp]

Multi-Asset Collateral is now live on Extended
From today, wBTC and ETH are accepted as collateral alongside USDC and XVS (Extended yield-bearing collateral). EURC and USDT are coming soon.

How it works
The system operates on a native money market, with the vault acting as the primary lender. When trading losses push your USDC balance negative and that deficit is covered by non-stablecoin collateral, you are borrowing USDC.
Borrowing rates depend on two factors: overall vault utilisation and utilisation against each specific collateral asset. For example, if demand to borrow USDC against ETH is lower than against BTC, borrowing against ETH will be cheaper.
When a user holds multiple collateral assets, borrowing is automatically allocated starting with the lowest-rate asset and moving upward, minimising the effective cost with no manual input required. We are not aware of this being implemented anywhere else in DeFi.

Example. User is down $175K on a perp and borrowing $175K USDC against a mixed book:
$50K USDT @ 1% - $500
$50K ETH @ 5% - $2,500
$75K BTC @ 10% - $7,500
Total annualised interest: $10,500. Effective rate: ~6%. Borrowing the same amount entirely against BTC would cost $17,500 annually, or 67% more.

What this means for Extended Vault
The vault is the primary lender for the entire system. All interest paid by USDC borrowers flows to vault depositors as Extra Yield, on top of the trading fees already distributed.
This creates a second, structurally independent yield stream for XVS holders. The vault earns by serving as the backbone of the margin system.

[Extended @extendedapp]

This is step one of unified margin
Phase 1: multi-asset collateral with native lending - live now.
Phase 2: a much broader universe of crypto and TradFi markets, spot trading, and an open lending protocol. Phase 3: additional products beyond perps, spot, and lending.
The end state: a single account spanning perpetuals, spot, lending, yield-bearing products, and additional products across crypto and TradFi, with capital working across all of them at once.