Dinar Faskhutdinov
4 posts
Dinar Faskhutdinov
@DFaskhutdinov
Founder of ALT3 Capital, which specializes in market-neutral strategies across both traditional equities and crypto markets
Katılım Haziran 2012
745 Takip Edilen155 Takipçiler
Great to see the Extended community growing with daily users having more than doubled since the last update.
rf.extended@rf_extended
I think it is a good time to share early metrics with the community: 1. TVL: $51M (+$12M in the last week) 2. OI: ~$50M 3. Volume: ~$180M/day (average L7D) 4. Daily active users: ~1,100 5. Daily new users: >100 In the last week, we also saw increased social activity from the community, and we appreciate all the support, both in terms of product feedback and growing awareness. The team is working hard to push new product releases as well as grow the community.
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Over the past couple of weeks, we've received lots of questions regarding our product vision and roadmap. Hence a brief summary below.
Immediate priorities include introducing points, launching the vault and listing new TradFi markets (will do a separate deep dive on TradFi markets once we launch them). We're also working on mobile support. Within a couple of weeks, we should have a simple, customizable mobile view. In a couple of months, we'll roll out a full-fledged mobile app.
As for the longer-term roadmap, we will focus on building up the foundation of the unified margin logic and then opening it up for external use cases, namely:
1/ Introduce integrated lending markets alongside unified margin logic, enabling users to post any supported collateral on the exchange. At this stage, we'll utilize external spot liquidity to manage liquidations of non-stablecoin collateral.
2/ Add native spot and leveraged spot markets, and launch basis trading vaults.
3/ Open up the unified margin logic for external use cases and introduce independent validators to run state machines of the Extended network.
To double down on the last point, the vision is to build an open unified margin network, where:
1/ Extended lending and spot markets form the foundation of the unified margin system, into which external use cases can "plug in." Any financial product or transaction can be represented using the unified margin logic, allowing for a variety of external applications, from perps and vaults to options and prediction markets.
2/ Different applications and use cases share a global unified margin, underlying liquidity, and a set of common functions (e.g., calculating position health, liquidation, ADL).
3/ Security and fairness of the ecosystem are ensured by independent validators who execute the core business logic of the unified margin, validate, and sequence transactions.
3/ The application state machines that validators run will be open-sourced, and optimized for financial applications (with latency under 100ms).
4/ Transaction settlement and thus storage of user balances will be enforced on the underlying settlement blockchain.
Think of the Extended Network as an abstraction layer on top of the settlement blockchain that runs the open unified margin logic. This setup allows users to utilize margin network-wide and enables applications built on top of it to leverage out-of-the-box unified margin infrastructure and access ecosystem liquidity.
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