NEW: @DecibelTrade adds perps on index ETFs: SPY, QQQ, and EWY.
Perps on U.S. and Korean index ETFs. 24/7 exposure. Same onchain execution engine — built on @Aptos, incubated by Aptos Labs.
https://t.co/LGGROnKhKw
most people using 01 exchange don't know what's running underneath it
N1 just dropped their full modules docs
here's the infrastructure layer that makes structured strategies possible and why it matters for how perps DEXs evolve
first, the problem with how most chains do this
on most blockchains, financial primitives - orderbooks, margin systems, settlement are rebuilt as smart contracts on shared general-purpose compute
that creates 3 compounding problems:
- liquidity fragmented across venues
- throughput capped by shared block space
- no native way to do complex multi-leg trades atomically
N1 solves this at the protocol level, not the application level
it's an L1 where financial primitives are native modules secured by validators
same trust and security guarantees as the chain itself - not bolted on top
4 modules. each doing something specific
module 1 — orderbook
native CLOB running as a network module, not a contract on shared compute
matching stays fast under load because it's not competing for block space with everything else
liquidity concentrates in a shared primitive instead of fragmenting across isolated venues
module 2 — atomics
this is the most underrated one
bundle multiple transactions into a single indivisible operation that either fully executes or doesn't execute at all
enforced at the network layer
this is what powers 01's strategies feature
think about what that actually means for traders
want to go long BTC/ETH/SOL and short KAITO/BERA in one move?
on most DEXs that's 5 separate txs with 5 separate execution risks
on N1 it's one atomic bundle - fully executes or doesn't. no partial fills, no stuck positions
module 3 — RFQ
native request-for-quote system for larger or less liquid trades
sources competitive quotes and executes against shared network liquidity
not siloed venue liquidity - the whole network's shared pool
module 4 — margin system
native margining and collateral management at the network layer
positions share risk and capital efficiently across the network
not rebuilt per venue. not siloed per position
cross-position capital efficiency by default - relevant if you're running delta-neutral across multiple legs
how this connects to 01 exchange directly
v0.16.4 just shipped:
- strategy presets + custom basket builder
- pre-placed TP/SL on market orders
- auto-leverage adjustment
- full mobile parity
every one of these features is the application layer expressing what N1's infra enables underneath
the strategies aren't just a UI feature
they're the wrapper for atomics
the margin improvements are the native margin system being surfaced
the performance under load is the native orderbook doing its job
01 isn't an app on top of general infra - it's built specifically on infra designed for this
most perps dexes are competing on speed, fees, and token incentives while N1 @N1Chain and 01 @01Exchange are competing on;
- what's structurally possible
- what trade types you can express
- how efficiently your capital is used
- how complex your positioning can get
structured strategies are live. multi-leg atomics are live. native margin efficiency is live
the docs are public
if you're farming 01 points, running delta-neutral on N1, or just positioning early - worth understanding the infra underneath
docs: https://t.co/rDLRQK2d5Y
ref; https://t.co/m66KXF8Kde
Away from the ever-changing data 📊, away from the constant strife among humanity, I know that decadence is instinctive, but I can only restrain myself. A few days of rest.
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.
Traders do not want another venue with the same five crypto pairs.
They want more markets.
Crypto. RWAs. Equity perps.
Decibel is building the fully onchain venue for all of it.