Vision and Roadmap

Introduction to Extended

Extended is a perp DEX, built by an ex-Revolut team. As of now, Extended offers perpetual contracts on both crypto and TradFi assets, with USDC as collateral and leverage of up to 100x.

Looking ahead, we are working on a vision to enable open unified margin logic and native integrations into major mobile wallets.

What sets Extended apart

Extended is building beyond perps, with a unique product vision centered around unified margin. The goal is to create a full-suite trading experience — combining perps, spot, and integrated lending markets under one margin system.

The first phase of this product vision focuses on integrating a native lending and borrowing market into Extended. This will allow users to post any supported asset — including yield-bearing ones — as collateral and earn additional yield through the integrated lending layer.

For example, if a user deposits wstETH as collateral and incurs a negative PnL while trading USDC-settled perpetuals, this effectively means borrowing USDC — with interest paid to USDC lenders.

Once the native lending market is in place, we will add spot markets to Extended's offering — expanding toward a cross-asset collateral unified margin with integrated perpetuals, lending, and spot trading.

Besides expanding its product offering, Extended is actively working on native integrations with wallets to make perpetuals available directly within wallet interfaces—similar to how swaps are currently integrated. This approach aims to unlock access to a new base of retail users.

Longer-term Vision

Unified margin will initially serve as a core internal product, designed to meet the needs of traders by enabling multi-asset collateral support and delivering one of the most capital-efficient trading systems in the market. However, the long-term vision for Extended goes far beyond that.

Following Hyperliquid’s success, many perpetual DEXs are now following the playbook of launching perps and then building a general-purpose chain — but Extended is taking a different path. We’ll be sharing more details soon, but briefly, the ambition is to build an EVM-compatible network on top of Starknet, where unified margin logic is embedded directly into the base layer and exposed as an ERC-20 token accessible to all applications on the network.

This means that core functions — such as margining with native, network-wide borrowing and lending, and liquidation — will be handled by the network itself rather than by individual applications.

The Extended network, with global unified margin at its core, will allow all applications within the network to access users’ available margin and share unified liquidity — reinforcing overall liquidity depth. From the user’s perspective, all activity will contribute to a single global margin account shared across applications, allowing them to manage one account instead of multiple app-specific ones and maximize capital efficiency by using the same margin across dApps.

The security and fairness of the network will be ensured by independent validators who execute the core business logic of the unified margin, validate transactions, and handle sequencing. The application state machines run by validators will be open-sourced and optimized for financial applications, with latency under 100 ms.

Roadmap

We are following a three-step roadmap — evolving from a Perp DEX into a full Open Financial Ecosystem powered by Native Unified Margin.

Progress so far