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Przemek Chojecki

Przemek Chojecki

AI & crypto, PhD in mathematics, Forbes 30 under 30, former Oxford fellow.

Extended Crypto Exchange and Airdrop

Perp Dex Season is here!

4 min readOct 7, 2025

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The on-chain perps race has a new pace car. Extended — born from an ex-Revolut team — couples <10ms intent-to-match performance with trustless, on-chain settlement on Starknet. It feels like a CEX. It settles like DeFi. And with up to 100x leverage across crypto and TradFi markets, it’s engineered for operators who care about capital efficiency and control.

Start with Extended using our special link!

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Extended Crypto Exchange and Airdrop

What Makes Extended Different (and Fast)

Extended runs a hybrid CLOB: matching, risk, and sequencing off-chain; validation and settlement on-chain via Starknet — so you keep custody while the engine stays blisteringly quick. This design avoids MEV/frontrunning drag, and inherits Ethereum security via Starknet’s ZK rollup proofs. In August 2025, Extended migrated from StarkEx to Starknet with an EVM-friendly UX (deposit from EVM, withdraw back to EVM — no Starknet setup required for EVM users).

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Traction isn’t just a vibe: Blockworks reported $319M average daily volume, >$55M open interest, and a 55% repeat-depositor rate around the migration — clear signs the flywheel is catching. Third-party dashboards now show hundreds of millions in 24h notional with OI in the $80M–$90M range.

Points, On Purpose: Season 1

Extended’s Season 1 Points Program kicked off April 29, 2025, distributing up to 1.2M points every Tuesday at 00:00 UTC. You earn through trading, providing liquidity (Vault or tight books), and referrals/affiliates. Logic is merit-weighted and explicitly adjustable week-to-week, with 4.3M early-participation points granted on Feb 26 and Apr 28 to jump-start the ecosystem. No token has been announced.

Markets, Orders, Fees: Built Like a Pro Venue

  • Markets: Perps on majors + TradFi pairs (EUR, SPX, XAU, Brent) trade 24/7 — spreads may widen off hours. Up to 100x leverage (asset-specific tiers).
  • Order types: Market, Limit, Conditional (trigger on Mark/Index/Last), TWAP, Scaled, plus Reduce-Only, Post-Only (ALO), GTC/IOC/FOK, and linked TP/SL (OCO).
  • Fees & maker edge: 0.025% taker / 0.000% maker, with daily maker rebates up to 2 bps based on 30-day maker-share thresholds.

Deposits, Withdrawals, Wallets

Two clean paths in:

  • EVM users: Deposit/withdraw USDC from Ethereum, Arbitrum, Base, BSC, Avalanche, Polygon via the integrated bridge. Per-tx guides show up to $10M on Ethereum and ~2–10 minutes for typical sizes (liquidity-dependent).
  • Starknet users: Deposit and withdraw natively on Starknet (no stated caps).

The Vault: Programmatic Depth, Real Risk Controls

Extended’s Vault provides quotes across markets, performs liquidations, and receives 50% of net exchange fees (after maker/referral rebates). TVL is capped and raised gradually to preserve APY. Controls include exposure caps, adaptive spreads, and strict liquidation loss limits; ADL is used if limits would be breached. Deposits carry a 24-hour lock; withdrawals close a pro-rata share of positions.

Funding, Backers, and the Road Ahead

Extended raised $6.5M (Tioga, Semantic, Cherry, StarkWare, Cyber Fund; angels incl. Revolut execs and Lido’s co-founder). The roadmap targets unified margin (perps + native lending + spot) and, longer-term, an EVM-compatible network with unified margin at the base layer — so apps share liquidity and users manage a single global margin account.

Getting Started (and Staying Smart)

  1. Connect your EVM or Starknet wallet at app.extended.exchange.
  2. Deposit USDC, pick your market, and set maker-first habits (ALO, reduce-only exits).
  3. Earn points weekly by trading, providing liquidity, and building referrals.

Pro Moves to Maximize Points & Edge (Not Financial Advice)

  • Be a maker, systematically. Post-only liquidity tight to the book; scale with rebate tiers to compress costs and farm points with real market value.
  • Use advanced orders to control slippage. TWAP for size, Scaled for laddered entries/exits; wire in TP/SL (OCO) and Reduce-Only to automate discipline.
  • Plan your rails. If you’re EVM-native, leverage multi-chain deposit/withdraw limits and typical timings (e.g., Ethereum up to $10M/tx; ~2–10 min for common sizes).
  • Diversify your contribution. Points recognize trading + liquidity + referrals; balance across them and track weekly rule tweaks.

Learn more about how much these points can be worth in airdrop on this ultimate DEX points calculator.

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Extended crypto airdrop and potential points calculator

The Signal

Extended is executing the hybrid playbook the right way: CEX-grade latency, self-custody by default, an EVM-friendly on-ramp, and a points system that rewards real participation — not noise. With Starknet now under the hood and unified margin on the horizon, this looks less like another perps venue and more like an operating system for on-chain trading.

If you’re serious about perps, this is your entry: connect, make markets, and let your craft earn — every Tuesday.

Also watch my video tutorial to learn more about Extended

Extended Crypto Airdrop tutorial

P.S. Nothing here is financial advice. Links above are affiliate, thanks for your support.

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