Vision and Roadmap
Introduction to Extended
Extended is a self-custody exchange with on-chain trade settlement and complete transparency, dedicated to delivering the ultimate trading experience that rivals CEXs—a commitment deeply embedded in the company's name.
As of now, Extended offers perpetual contracts on both crypto and TradFi assets, with USDC as collateral and leverage of up to 100x. By mid-2025, Extended aims to evolve into a full-fledged exchange featuring unified margin logic and matching the product offerings of best-in-class centralized exchanges. In the longer term, the vision is to open up the unified margin logic for external use cases and introduce independent validators to run state machines of the Extended network.
Principles Behind Extended
Safety and Transparency
Self-Custody: Users retain full custody and control over their funds on Extended. Exchange does not have access to user funds.
On-Chain Settlement and Validations: Trades are settled on the blockchain with embedded smart contract validations of the trading logic that prevent fraudulent or incorrect transactions.
Independent Oracle Price Providers: Extended relies on mark prices obtained from independent oracle providers to prevent potential price manipulations and ensure fair valuation of positions.
Enhanced Trading Experience
Remarkable Performance: Extended offers unparalled execution speed with latency <10ms, high throughput and instant trade finality, rivaling centralized exchanges.
Advanced Trading Features: Offering a trading experience matching top centralized exchanges, Extended supports multiple trading sub-accounts, partial liquidation logic, and a variety of order types.
Premier UX
CeFi-Like Experience: Extended integrates the best elements from leading centralized exchanges, allowing for layout customization and providing advanced market and portfolio analytics.
Seamless Onboarding (being built): Secure one-click wallet creation, extensive on/off-ramping options, and an upcoming mobile and Telegram apps to enhance user convenience.
Low Fees, Rebates
Product Roadmap
By mid-2025, Extended aims to match the product portfolio and trading experience of major centralized exchanges while prioritizing self-custody, on-chain trade settlement, and complete transparency.
The key product priorities for this period include:
Responsive design for tablets and a mobile app;
Migration from StarkEx to Starknet;
Tokenisation of community vault shares;
Cross-collateral unified margin backed by integrated lending markets;
Spot trading.
In the longer term, the vision is to open up the unified margin logic to external use cases and applications, where:
Extended’s 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, enabling a variety of external applications — from perpetuals and vaults to options and prediction markets.
Different applications and use cases share a global unified margin, underlying liquidity, and a set of common functions (e.g., calculating position health, liquidation, and ADL).
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.
The application state machines that validators run will be open-sourced and optimized for financial applications (with latency under 100 ms).
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 built on top of the settlement blockchain that operates the open unified margin logic. This structure enables users to utilize margin network-wide and allows applications built on top of it to leverage out-of-the-box unified margin infrastructure and access shared ecosystem liquidity.
Progress so far
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