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
The second OTC deal for Xpoints has been completed:
25k points @ $2 per point ($50k tot notional)
Liquidity is picking up as @extendedapp scales its business at a high pace
If you're interested in buying or selling extended points via OTC you can reach out to @OTCExtended
It is run by us, the same team that ran @LighterOTC
Happy @extendedapp points day!
Was able to get 40 points with only 40k volume + 2k deposited in the vault. Got 2 points on another wallet with just 2k in the vault.
Observation:
> Vault gets around 2 points per week per 1k deposited (only for whales that want hands-off points)
> Organic trading is rewarded. I did not trade much volume but used laddered limit orders and held the trades over the weekend.
> Volume still important and easy to scale points
Some points moon math sheet below cc @Pasta_Capital@Delphi_Digital
OTC market bids ( @OTCExtended ) are there for 2$ - I remember the exact same point for Lighter. You are very early here and there is much potential for growth on top.
This is my main trading venue & delta neutral farm. Still no refs. Do with that information what you will.
Get started with 10% of fees now: https://t.co/6FNeOuVB7p
The first OTC deal for @extendedapp points has been completed at the price of 3$/point
Orderbook is filling
What do you think will be the final price per point?
Trade them on ExtendedOTC 📡
Extended points are out!
Growth is not stopping:
+7% TVL from last week
Annualized fees above $35m (7d trailing)
And what's most interesting is what's coming
Got circa 420 points this week for $500k volume
Think the formula to get the most points is:
-Register with a partner ref link (https://t.co/pw39Oh3rWa) to get 10% discount on fees and 15% boost on points
-Open trades with market orders
-Put your TPs with limit orders the moment you open the trade
-Trade lower OI coins
-The more you keep trades open, the more points you get
Currently points are being bought at around 3$/each OTC on @OTCExtended
Please, DO NOT FADE THIS ONE, for your familia