John | Starkware

Kimchi BD @starkwareltd

[John | Starkware @johnwi_strk]

Before applying to the job I saw the description had 'zero knowledge' and got too excited thinking it meant i don't need to have knowledge on anything

[John | Starkware @johnwi_strk]

Actually one of the most interesting primitives I’ve seen in a while. On @Starknet.

Perp DEX points and yields get split into separate tradable exposures.

FYI, EPT gives ~50x exposure to @extendedapp points.

[ArcX @arcxtrade]

ArcX Private Beta is LIVE.

・Get 50x exposure to @extendedapp points.
・Earn 20% APY on USDC.

Here’s how it works 👇

[Avihu Levy ✨🐺 @avihu28]

Quantum-Safe Bitcoin Transactions Without Softforks

https://t.co/1lx5waX9VV

[John | Starkware @johnwi_strk]

@sjl933 @variational_io wow!

[Starknet (Privacy Arc) @Starknet]

1/ It’s finally time for Bitcoin to get privacy.

Introducing strkBTC [₿]: a new wrapped Bitcoin token with built-in privacy capabilities.

Shield your Bitcoin balances and transfers, or don’t. You choose 🧵

[StarkWare 🥷 @StarkWareLtd]

Bitcoin already won.

It’s now widely accepted as digital gold.

So is it worth Bitcoin trying to be anything else?

@nathanoncrypto & @CamiRusso answer that by looking back at Bitcoin’s history 🎥

[John | Starkware @johnwi_strk]

Starknet has 8 daily active users, 10 daily transactions, and still somehow has a 1b MC and 15b FDV

LMFAOOOOOOOOOOOOOOO

Send it straight to 0

[Solana @solana]

Starknet has 8 daily active users, 10 daily transactions, and still somehow has a 1b MC and 15b FDV

LMFAOOOOOOOOOOOOOOO

Send it straight to 0

[John | Starkware @johnwi_strk]

@solana based

[John | Starkware @johnwi_strk]

More soon

[Eli Ben-Sasson | Starknet.io @EliBenSasson]

20% of the entire Perp exchanges market is powered by STARK-tech.

Perp exchanges thrive when they are powered by the right tech (complex txs, scaled by ZK, best UX features)

[SHIFT Protocol @ShiftProtocol_]

extUSD Strategy is Live

A few hours ago, we pushed the LIVE button on extUSD. From now, extUSD holders (depositors or in any other way) will start accruing:
- Yield
- Shift Extended Points, with a 10% Bonus

As pre-announced, early depositors will enjoy 2 weeks of extra points due to pre-deposits. These extra points will be assigned at a later stage due to our points attribution mechanism.

After the initial stabilization and smooth-running checks, we will enable withdrawals, lift the cap and enable the transparency dashboard.

[rf.extended @rf_extended]

Perps have only a limited set of dimensions across which one can innovate and over the last 2 years we saw innovation across all of them except Collateral.

1. Liquidity Provisioning.
@HyperliquidX was the first to launch the community vault, providing APR for depositors, reinforcing exchange liquidity and trading activity, which is now adopted by most players in the space.

2. Fees Structure.
@Lighter_xyz was the first to introduce the zero fees model. As discussed many times, there are both pros and cons to this approach for the business and for end users, but it was an innovation in the market.

3. Ways of trading.
@HyperliquidX came up with builders code (which we launched as well), allowing external teams to access underlying exchange infrastructure and liquidity and enable different frontends and use cases for trading perps (wallets, trading terminals, Telegram bots, etc). I believe we are yet to see innovation in the UX of perps trading, as the main trade screen of exchanges has not significantly changed over the years.

4. Markets one can trade.
In 2025 we saw multiple perp DEXs, including @extendedapp, offering TradFi perps and I believe that over the coming years this trend will strengthen and we will see growth in OI, volumes and exchanges offering them. Earlier last year we saw pre-launch markets, which were an interesting concept that never really took off due to the complexities of providing stable and deep liquidity. Generally, adding new market types is the least important innovation, as any perp DEX can offer any market as long as there is a mark price and a market maker or vault ready to quote those assets.

5. Collateral.
I do not think we saw any innovation on this front, with USDC being the sole collateral on perp DEXs while cross asset collateral and unified margin have been available on CEXs for years.

Next Monday we will be releasing tokenisation of vault shares (a new type of collateral) and we believe it stands a good chance of getting traction among our users and potentially being adopted by other perp DEXs in the longer run, similar to how every perp DEX adopted community vaults. We will be releasing it in stages, with the full release plan to be communicated tomorrow.

In a nutshell the idea is very simple. Allow users to post vault deposits or shares as yield bearing collateral for perps trading. In the target state:
1. eXtended Vault Shares (XVS) will contribute 90 percent of their value to user equity, essentially doubling overall collateral available for trading on the exchange.
2. Yield that vault depositors receive will depend on the trading activity of the user. There will be a base yield (currently ~15% all-time APR) available to all vault depositors and an extra yield that will depend on the user activity. The most active users will receive the highest yield.

The fair question that many would ask is how liquidations will work given that XVS represents a claim on the vault equity, which includes open positions. The logic will work as follows:
1. When a user with an XVS balance becomes liquidatable, the first step of the liquidation process is to liquidate their XVS balance, meaning withdraw it from the vault.
2. When performing a liquidation or withdrawal of vault shares, the vault closes its open positions in proportion to the liquidated or withdrawn XVS.
3. If the vault for some reason cannot close its positions via the order book (e.g., due to lack of liquidity), a new type of operation will be enforced, called Force Close. The vault will close positions against the most profitable and highly leveraged user on the opposite side at the Mark Price. Force Close is similar to ADL but unlike ADL, where positions are closed at the bankruptcy price of the liquidated user, in Force Close positions are closed at Mark Price without incurring direct losses to the user on the opposite side. Given the existing risk limits of the vault (i.e. max position it can take on on the given market), we expect force close to be used only in the extreme scenarios.
4. Given the above, the XVS balance of the liquidated user can always be withdrawn from the vault.
5. Once the XVS balance of the liquidated user is withdrawn, we proceed with the regular liquidation process.

The other valid concern we heard is what happens if the vault suffers significant losses while liquidating unhealthy users (the JELLY case), driving XVS price down and leading to a cascade of liquidations. Extended Vault processes liquidations deterministically, meaning that before taking over a liquidated position it knows:
1. that the position can be closed (vault will never take over the position it can't close)
2. that the realised loss will not be above its maximum acceptable loss per trade, per market or per day

Hope the above clarifies the intended logic of the upcoming XVS release.

[John | Starkware @johnwi_strk]

@Jong_bnb Terminally online

[SHIFT Protocol @ShiftProtocol_]

extUSD is here

Mark the date: 28/11/2025 at 10:00 UTC 📌

We’re opening the pre-deposits for extUSD.
This is going to be our second vault, after ltPARA; extUSD is a delta-neutral yield strategy, running on top of @extended.
Depositors and holders of extUSD will accrue both:
- a market-neutral yield targeting 12-15%;
- and Extended Points, that will be visible on Shift Dashboard.

The vault’s priority is to keep market neutrality and maximize yield, but we will pursue regular favorable rebalancing that will increase the points earned.

Pre-Depositors will receive a boost on their Extended Points and will also ensure the ability to deposit in the vault, which will initially be capped.

The pre-deposit period is going to be quite short and the initial cap relatively low, so if you’re looking to get extUSD exposure, we recommend to keep an eye on the initial launch.
After the launch, we’re planning to enable a Pendle Pool for extUSD and DeFi composability on @Starknet.

Ready to boost your stable yields?

[John | Starkware @johnwi_strk]

@shiftprotocol_ gExtended.

[SHIFT Protocol @ShiftProtocol_]

Presenting Shift's Vision

Earlier this year, Shift was born with an assumption and a mission: as finance gets tokenized and onboarded on-chain, stablecoin numbers are set to go much higher.
The next logical step is structured yields: products that package complex under-the-hood mechanics into simple, on-chain exposures.

However, today, if you want yields that are not stuck in the low single digits, most options fall into at least one of four buckets:
1. Unsustainable: subsidized by token emissions that won’t last.
2. Unsafe: black-box strategies where you can’t see what’s going on (think Stream-style blow-ups).
3. Unaccessible: reliant on 24/7 professional risk management and complex structures, out of reach for the average user.
4. Segregated: simple, but isolated from DeFi composability and secondary markets.

Shift wants to change this paradigm.
We focus on market-neutral and pseudo-market-neutral yield opportunities, typically sitting in the high single-digit to mid/high double-digit range, and package them as transparent and composable click-and-forget products that normal users can access without becoming full-time risk managers.

Our strategies are wrapped in liquid tokens designed from day one for DeFi composability: they’re meant to plug into money markets, PT/YT markets, structured products, and Starknet/EVM DeFi.

Following Ethena’s Footsteps, Without Being a Copycat
Ethena did something important: it proved that simple, market-neutral yield products have extremely high demand. We applaud that intuition and we’re not here to ship “Ethena but again.”
Instead, Shift is about extending that design space to more unexplored, higher-yield pockets of risk premia.

Why Perp DEXs Are Our Natural Home
A large part of Shift’s edge comes from systematically using Perp DEXs such as @extendedapp and @paradex
Perp DEXs give us:
- Higher rates vs. CEXs in many regimes, thanks to more reflexive on-chain flows and funding dynamics.
- Radical transparency – positions, funding, and risk are visible and auditable on-chain, aligned with DeFi’s ethos.
- Additional upside from points and airdrops, which can materially boost the net yield and can themselves be structured and traded (e.g., via PT/YT).

The Road So Far & The Next Phase
Despite being early, we’ve already shipped and validated key pieces of the thesis:
- ltPARA: our first product, an EVM wrapper for Paradex’s Gigavault. Depositors earns extra Paradex XP on top of the vault’s core yield and XP.
Soon tradable via PT/YT markets, enabling users to trade both yield and points separately.
- extUSD: launching this month, a market-neutral strategy leveraging Extended. Built to capture Extended’s perp rates + points mechanics in a simple USD-denominated exposure.

The next phase can be summarized in one word, three times: scaling, scaling, scaling.
We already have 6+ products in the pipeline, each built around a distinct market opportunity and offering a different risk/reward profile, so users can choose their own comfort zone.
These will cover a spectrum from conservative basis trades to higher-octane pseudo-neutral strategies.

In the upcoming months we will also focus on enabling DeFi Composability (both EVM and @Starknet) for our products:
- enabling PT/YT trading to unlock the opportunity for the users to trade yields and airdrops associated with the underlying venues.
- collateralization, some ltTokens and USD-series tokens will be usable as collateral in money markets, enabling borrowing, looping, and leverage.
- more liquidity on key secondary venues, making entries and exits smoother for users who don't want to wait the unwinding period

In the next weeks we’ll also introduce Shift’s own Points Program, designed to complement the redistribution of partners’ points (Users will receive both Perp DEXs Points and Shift's own points).
The program will take into consideration early users rewarding them, while still providing a fair approach to scaling deposits.

This is just the early stage. Once the platform reaches sufficient scale and our core product suite is live, we’ll shift focus toward advanced strategies and refining the user experience. Our roadmap is already public, but we will soon talk about it and provide a full explanation of our plans.

Stablecoins and tokenized assets are scaling aggressively. The yield layer they deserve is next.
That’s what Shift is here to provide.

[John | Starkware @johnwi_strk]

@shiftprotocol_ whew

[John | Starkware @johnwi_strk]

스타크넷.

[SHIFT Protocol @ShiftProtocol_]

We are excited to announce that we have been selected as recipients of a grant by @StarknetFndn.

The Starknet ecosystem has been a priority for Shift since day 1, thanks to the numerous excellent teams building on it: @paradex and @extendedapp are our very first integrations.

The Starknet family gave us the warmest of the welcomes and we are sure that we will able to return the favor by bringing TVL and new DeFi/Yield opportunities to its users.

[John | Starkware @johnwi_strk]

@shiftprotocol_ @StarknetFndn @extendedapp @Starknet Welcome to @Starknet !

[John | Starkware @johnwi_strk]

With all these going on, I do hope ppl come around to see Starknet as the go-to place for perps builders.

[Aggr News @AggrNews]

TOLY, CO-FOUNDER OF SOLANA, APPEARS TO BE BUILDING PERPETUAL DEX ON SOLANA: GITHUB

[John | Starkware @johnwi_strk]

gExtended @extendedapp