Extended

Perp Dex built by ex- @Revolut team. Join the community:

[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.

[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.

[Extended @extendedapp]

Now available to trade: $PIEVERSE with up to 5x leverage

https://t.co/Ql6xYEyJ4s

[Extended @extendedapp]

Now available to trade: $CHIP with up to 5x leverage

https://t.co/MVjk0b7rwv

[Extended @extendedapp]

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

https://t.co/kGTQd4xjPE

[rf.extended @rf_extended]

In light of recent security incidents and the increasingly hostile environment, we have activated a dedicated treasury contract to further strengthen the system’s resilience. This contract is solely responsible for holding the entirety of the protocol’s treasury (TVL) and incorporates a circuit breaker mechanism governing fund outflows.

Specifically, if the total value locked (TVL) decreases by more than 3% within any rolling 24-hour period, the treasury contract will automatically halt all USDC outflows. In such an event, settlements are paused until the team reviews the underlying transactions and explicitly approves any increase in withdrawal limits via a multisignature process. The multisig signers are distributed across multiple geographies.

In rare circumstances, this may introduce delays to withdrawals. However, we believe this is a reasonable trade-off to ensure the safety of funds.

The perpetuals and vault contracts, which handle trading and business logic, no longer custody funds. All asset movements are routed exclusively through the treasury contract.

As a result, even in the event of a full system compromise, including bridges, oracle providers, or operator infrastructure, the maximum potential impact is limited to 3% of the TVL.

[Extended @extendedapp]

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

https://t.co/ZFhukuivrF

[Extended @extendedapp]

Extended × Insilico Competition Leaderboard is now live:

https://t.co/eHQCxAGQGz

[Extended @extendedapp]

Extended × Insilico Terminal Trading Competition

Duration: April 17 – May 1.
Prize Pool: $10,000.

Full details: https://t.co/LZ7Yff9qC9