Maus.extended

🧵 Thinking of farming the next big crypto airdrop ? Let me introduce you to @extendedapp : A promising PerpDEX flying under the radar with serious upside potential. I’ve written 4 key articles to help you farm it safely and effectively. Let’s break it down 👇

Haven’t posted an update on my farming on @01Exchange Had a very good week,66 points with a positive PnL To clarify, I don’t do funding farming like I do on Extended and Variational I mainly do pair trading between ETH, BTC, and SOL This allows me to generate volume while training my trading pattern recognition 😆 There are still 2 weeks left in the private mainnet, where most of the weekly points will be distributed ! 01.xyz/ref/019c4ebb-9…

@Saram_ath @rf_extended @lttlanna Build different

Everyone mostly knows the Extended team as @rf_extended, @lttlanna & me because we are active here on X, but there is obviously a bigger team behind what we are building. So I wanted to start a small series introducing Extended them. Funny thing is most of the team are engineers and really dont like talking about themselves, but I can still share a bit. Our Head of Frontend previously led web function work at @Revolut When he joined Extended he spent quite a long time as the only frontend engineer because he simply couldn’t find someone who matched his level of perfectionism and work rhythm. He wakes up at 4am to start working & during the entire time he is been at Extended, he hasnt taken a vacation. Literally just two days off in 2.5 years.

@derteil00 What a thoughtful team😍

As we can't comment (obviously it's because they care so much about the community they don't want us to get scammed) I just wated to say great job team! Onwards and upwards

@AndyNover @extendedapp Just a thought 👀

@0xMaus @extendedapp French mod spitting news about Revoult 👀👀👀

There are many things that made me realize early in my research that @extendedapp is different from its competitors : - A clear roadmap that aligns with the long-term vision of making Extended truly unique (XVS, cross margin, TradFi expansion) - The team : very competent, with many members coming from a Revolut background, and highly responsive when the community provides feedback or reports issues More details here : x.com/lttlanna/statu… - Community approach : no paid deals with market makers, no KOLs, and multiple capital raises declined because the project is already profitable The team aims for organic activity, from users to market makers, through various incentives such as rebates and extra yield I’m very optimistic about the future, especially knowing they are moving toward a more institutional approach : “As a result, we are doubling down on business development with TradFi brokers (fintechs and trading platforms). This is a long-term effort, but we believe it will be a key to sustainable growth.” Revolut integration already coded ? 👀 Expecting more.

@DiverXBT @extendedapp 100%

@0xMaus @extendedapp Extended team are really making a great effort

@rf_extended Expecting more.

Extended end of Q1 update [TLDR] - Multi-asset collateral launching soon - TradFi expansion accelerating (>25 markets live, partnership coming, focused on distribution via TradFi brokers) - Becoming more institutional-ready (pricing methodology, trading workflows) - Building decentralised, high-throughput sequencing [Product] The team has completed development of multi-asset collateral margin. It is now in the testing phase on testnet and undergoing smart contract audits. We expect to launch at the end of April or early May, with support for wBTC, ETH, USDT and potentially EURC as collateral, subject to underlying liquidity. In Q1, we also doubled down on our TradFi offering, expanding to 25+ equities, indices, FX markets and commodities with competitive liquidity. We are currently finalising an agreement with a major TradFi broker, which will both broaden our offering and help bring in flow. The other priority for the team is making Extended more institutional-friendly across both product and trading: - Improving the definition and transparency of fair reference pricing for TradFi markets, with a consistent and clear methodology: spot-based references for equities and FX, and futures-derived pricing for commodities and energy - Introducing and better communicating institutional-grade features such as MPC wallet workflows, API key-only trading, and our sub-account architecture In addition: - With multi-asset collateral, we have built native spot markets (required to process liquidations of non-USDC balances). These will be released shortly after the cross-asset rollout. - The team is progressing towards decentralising sequencing via an application-specific chain built on a high-throughput implementation of full BFT consensus (targeting ~50ms block times and hundreds of thousands of transactions per second). This architecture introduces an app-chain layered on top of our existing zk-enabled stack, enabling decentralised matching and related services while preserving existing security guarantees. More details and timelines will be shared soon. Importantly, this design enables Extended tokenomics and revenue accrual to the token. [Growth and community] Our strategy remains consistent: - Stay open to feedback - Continuously iterate on the product - Encourage organic usage - Do not do paid marketing or paid deals - Focus on long-term sustainability and value creation Over the past quarter, we have gained stronger conviction that demand for perpetuals is increasing among traditional players, driven by 24/7 trading, higher leverage and deeper liquidity. As a result, we are doubling down on business development with TradFi brokers (fintechs and trading platforms). This is a long-term effort, but we believe it will be a key driver of sustainable growth. We also have several important integrations with trading terminals coming up, both retail and institutional. [Team] Over the past quarter, we hired 3 new team members and are now a team of 14. As we move towards decentralising sequencing, we expect to grow to 18-20 people in the coming months. [Market and exchange metrics] Nothing unexpected: January saw all-time highs across key metrics, followed by a broader market slowdown in February and March. All Extended metrics are public: dune.com/extended/exten… From our perspective, short-term market conditions are less important than long-term trends. What matters is that the market we are building in continues to grow and there is room for new players. We strongly believe this is the case: - price discovery for TradFi assets is likely to increasingly shift towards perpetuals. More on this here: x.com/rf_extended/st… - DeFi continues to gain share versus CeFi - Regulatory clarity is improving across both the US and Europe

@muarmemuar @Polymarket @inkonchain @variational_io @extendedapp Nice bait 😂😭

This is insane - FDV odds for some perp DEXs and L2s on @Polymarket got pumped today @inkonchain: $3B FDV odds after launch now at 95% @variational_io: $5B FDV odds after launch now at 94% @extendedapp: $2B FDV odds after launch now at 88% I honestly can't believe it - is this a bug? Or is the meta for perp DEXs and L2s actually coming back? muar.app

@Jokee_web3 Yeah, they’re getting more and more innovative

@0xMaus Protect your assets, stay vigilant against scammers' tricks.

The market has taken enough of your money, don’t let scammers take more 😂 Always double-check before clicking any link. Fake Telegram channels often have many members with bot-like names. If you’re unsure, cross-check with multiple sources (Discord, X) and verify before acting. If anyone asks for sensitive information like your seed phrase, passkey, or password, it is a scam. Stay safe 🙏

Points day on @extendedapp I’m not actively farming it, I stick to funding farming and a couple of swing trades. Pretty solid week trading-wise. I’ve been shorting a bunch of perps tokens and hedging with a long $HYPE. The perps meta is losing momentum, so it’s important to keep your cost per point low. However, if you understand and trust the team and the project, you know that in the long run, points are likely to be worth much more. Extendio

@0xlorik Ethics > Everything Expecting more.

Despite all the noise and competition in perp DEXs, the bar is still surprisingly low. You don’t need gimmicks or fake “innovation” to win, just don’t do anything stupid or shady. That alone puts you ahead of most. What actually matters: - Consistent execution - Real innovation (not buzzwords) - Staying ethical - Listening to the community It’s really that simple. Anyone can build a usable perp DEX, it's rare to maintain strong ethics. And in the long run, ethics > everything. Trust compounds faster than any feature ever will. Find the team doing all of this quietly, and you’ve found your winner. You already know who it is. @extendedapp Extendio

We don’t have any information on the partnership for Vari. For Extended, it seems quite significant based on what has been teased (100+ equities) Vari’s main difference is its approach via an RFQ model instead of a CLOB. This bypasses the need for external market makers, as Vari, through its OLP, acts as the market maker and captures the spread From a farming perspective, it currently looks easier to earn points on Extended

@0xMaus @variational_io Which RWA company will they partner with, and is this bigger than the partnership Extended is going to make? Also, what is the main difference between Extended and Vari, and which one is more profitable for a beginner farmer?

Quick recap on @variational_io : -Team is growing, with 3× more backend engineers since January -No more loss refunds, the revenue previously used for them will now go to the treasury, doubling that allocation -Tier ranking system will be used for spread rebates and access to the OLP (vault) -Reduced spreads on majors such as $BTC and $HYPE -Around 26k weekly users -RWA integration via a partnership coming soon, along with a major announcement teased : x.com/0xMGB/status/2… You can start earning points on Vari with a 15% bonus and silver rank for 90 days using a boost code : omni.variational.io/?ref=OMNICLLMAX

@mahonebtc @variational_io They have different approaches. I would say that, for now, Extended has the better product, but both roadmaps are very promising. I use both to farm fundings

@0xMaus @variational_io Extended or vari?

@Cllmax93 @variational_io

@0xMaus @variational_io ✨️💎

@lichavolan @Darsey44 Mange moi le poireau

@0xMaus @Darsey44 c trop suce moi

Overthink best case scenario: Revolut x Extended This team built crypto on revolut. Now this team is building leverage trading for revolut (x10). Current valuations won't matter when that happens. Best thing about it is minimal VCs investement witg community first approch. 10$ per point will be true one day. HyperExtended.

@lichavolan @Darsey44 Extended x taoscam

@0xMaus @Darsey44 extended x tao svm

@lichavolan @extendedapp

@0xMaus @extendedapp je touche pas a ce genre de truc moi connais pas

Follow all the major metrics here about @extendedapp That's how we know if the project is in the right direction or not Expecting more