How Extended is building differently

When Extended launched, the aim was to make the product trust-minimised, seamless, high-performance, and broad enough to support perpetuals, spot, yield products and portfolio margin.

That foundation is now in place. The protocol combines a high-performance trading experience with on-chain settlement and verification. User funds are held in smart contracts, while the trading logic and risk engine are implemented on-chain. Every transaction is verified and settled directly on Starknet - transparent, verifiable, and open source.

One part of that foundation has remained more centralised than the target architecture: the sequencer.
Extended is now working to decentralise the sequencing layer, separating transaction sequencing from settlement. The settlement chain will continue to handle custody, with final verification and settlement performed on the underlying public blockchain, while sequencing will be performed by Extended's native network.

On-chain order books exist today, but most high-performance trading systems still require trade-offs between performance, decentralisation, and custody. Extended changes that. This work is already underway, and we'll be sharing more details as the rollout progresses.

Points, Extended

600,000 points will be distributed weekly to Extended users. Distributions happen every Tuesday at 00:00 UTC. The first 600k distribution took place on July 7.

Points have no guaranteed monetary value, are not transferable, do not currently represent a token, cryptoasset, security or other financial instrument. Points do not create any guaranteed entitlement to receive tokens or any particular allocation, conversion rate or value. Material updates will be reflected in the Points documentation: docs.extended.exchange/extended-resources/points-program.