Extended

I’ve been farming perp DEX points programs for over a year now, and I’ll be straight with you: most of them are a slow bleed of your time for points that may never convert. Extended is the one I keep coming back to — and this week the clock got very loud. The program is sitting at 68.7 million of its 70 million point cap, which means there is room for maybe one or two more weekly drops before the door shuts. If you’ve been meaning to look at this one, this is the week.

Why trust this guide: every number below comes from Extended’s own docs, DefiLlama, or the airdrops.io research desk — I name each source as we go. I also tell you exactly where the deal gets worse: the conversion formula is unpublished, points confer no entitlement, and farming this one costs real money. No hype, just the full picture.

Quick answers

• What is it? Extended (formerly X10) is a high-performance perpetual futures DEX built by ex-Revolut team members — off-chain central-limit order book for speed, on-chain settlement on Starknet for self-custody.
• The reward: the team has said around 30% of the future EXT supply is set aside for the early community — i.e. points holders. The conversion rate, eligibility rules and claim process are unpublished.
• Cost: medium. You need USDC to deposit and trade. This is not a free-to-farm testnet quest.
• Deadline pressure: 68,734,321 of 70,000,000 points were distributed as of September 29, 2026 (airdrops.io). Weekly drops never exceed 600,000 points — the program is nearly full.

Table of contents

• What Extended actually is
• The EXT token: what is confirmed and what is not
• Funding and backers
• How the points program works
• The Arc migration (started October 22, 2026)
• How to join, step by step
• How to maximize points without getting slashed
• Risks and honest warnings
• FAQ

What Extended actually is

My first impression of Extended was “another perp DEX” — and then I looked at the numbers. DefiLlama ranks it the number-one Starknet app by TVL at over $200 million, with cumulative perpetual volume above $193 billion and a recorded $2.6 billion in single-day volume (whales.market). The architecture is the interesting part: matching and risk run off-chain on a central limit order book (sub-10ms), while every trade settles on-chain. You get CEX-level speed without giving up custody.

It supports 50–100+ markets with up to 100x leverage — and unusually, that includes synthetic TradFi assets: EUR/USD, gold, the S&P 500, Brent oil. The protocol is expanding toward a unified margin model covering spot and integrated lending. Smart contracts are audited by ChainSecurity (coinlaunch.space).

The EXT token: what is confirmed and what is not

Here is the honest ledger, because this is where most guides lie by omission:

• Confirmed: the team has said its current plan is to give ~30% of the future EXT supply to the early community, meaning points holders (airdrops.io, citing Extended docs). On July 8, 2026 the team indicated the future token is expected to support governance and protocol incentives (coinlaunch.space).
• Not confirmed: the conversion rate, the eligibility rules, the claim process, and the TGE date. Extended’s own docs say points create no entitlement to tokens. Treat every EXT claim link you see before an official announcement on the team’s X account as hostile — that warning comes straight from the airdrops.io research desk.
• OTC noise: coinstats reports Extended points trading at ~$6 per point in OTC Telegram/Discord groups. That is not a price — it is a rumor with a dollar sign. Do not size positions on it.

Funding and backers

Extended raised $6.5 million from Tioga Capital, Semantic Ventures, Prelude, StarkWare and Cyber Fund (whales.market), then a $12.5 million strategic round in July 2026 led by eToro with Jump Crypto participating (coinlaunch.space). The team is ex-Revolut, ex-McKinsey, ex-Deutsche Bank. This is a serious, well-capitalized team — which raises the odds the token actually ships, without guaranteeing your allocation.

How the points program works

Season 1 started April 29, 2025, paying up to 1.2 million points every Tuesday at 00:00 UTC, split between traders and liquidity providers. A separate 4.3 million Early Participation points went out in February and April 2025. You earn across three categories:

• Trading: organic trading activity. Maker-focused strategies pay 0% fees — the cheapest way to accumulate volume.
• Liquidity: deposit into the LP vault for yield plus points (sources cite +20% points on vault deposits).
• Referrals: unlock your referral link after $10,000 in trading volume; earn 10% of referees’ fees and 2.5% of their points.

On August 10, 2026 the team slashed “unfairly farmed” points (coinlaunch.space). Wash trading, self-referrals and multi-account abuse get removed before TGE. Farm clean or don’t farm.

The Arc migration (started October 22, 2026)

Big operational note: Extended is moving its settlement network from Starknet to Arc — the Layer 1 Circle built for financial markets — as step one of a strategic partnership with Circle. The migration started October 22, 2026 at 13:00 UTC (airdrops.io). Accounts, sub-accounts, balances, positions, orders, trading history, points, referral status and fee tier move over automatically. You keep logging in with the same wallet and keys, Starknet wallets included. EVM users never touch the settlement chain directly — deposits and withdrawals run through the listed networks.

How to join, step by step

1. Open the official app: go to app.extended.exchange — check the exact domain in your address bar before connecting anything. Click “Start Trading” and connect an EVM or Starknet wallet. Both keep working as logins after the Arc move.
2. Fund with USDC: USDC is the collateral for everything — trading and vault deposits. Buy it on an exchange and withdraw to a supported network, or bridge from another chain. Start small; you can add later.
3. Trade with a maker bias: place limit orders rather than market-taking. Maker trades carry 0% fees, so your volume costs you almost nothing beyond spread and funding. Keep positions modest — liquidation is real at 100x, and nobody sensible farms at 100x.
4. Consider the LP vault: depositing USDC into the vault earns yield plus points. This is the lowest-effort path if you don’t want to actively trade — but smart-contract risk is real, so size it like an investment, not a freebie.
5. Unlock referrals at $10k volume: once your cumulative trading volume crosses $10,000, your referral link unlocks. Share it only with people who’d trade anyway — self-referrals get slashed.
6. Track Tuesdays: points drop every Tuesday at 00:00 UTC. Check your points balance in the app after each drop and screenshot it for your records.

How to maximize points without getting slashed

The pattern that works: consistent, organic, two-sided maker activity plus a vault deposit you were comfortable holding anyway. What gets you slashed: wash-trading against yourself, cycling the same capital between two accounts, and referral rings. Extended has explicitly said slashing comes before TGE — assume they mean it.

Risks and honest warnings

• This costs real money: deposits, spreads, funding payments, and potential trading losses. Never deposit money you can’t afford to lose, and never trade solely to chase points.
• Points are not tokens. The conversion formula is unpublished and the docs say points create no entitlement.
• Smart-contract and bridge risk apply to every deposit.
• The 70M cap means latecomers get thin slices — weigh that against the capital you’d commit.
• Phishing: only trust announcements on Extended’s official X account (@extendedapp). Fake claim sites are already circulating per the airdrops.io desk.

FAQ

Is the Extended airdrop confirmed? The intent is confirmed — ~30% of future EXT supply for the early community — but the conversion formula, eligibility and claim process are not. It sits between “confirmed” and “speculative.”

Do I need to deposit real money? Yes. USDC collateral is required for trading and vault deposits. There is no free testnet path.

Is it too late to start? With under 1.3M of 70M points left, the window is nearly closed — one or two weekly drops at most. Only join if the trading itself interests you.

What happens to my points in the Arc migration? They move automatically, along with balances, positions and history. You keep the same wallet login.

Can I farm with two accounts? Multi-account farming is explicitly slashed. Don’t.

When is the TGE? No date announced. One outlet speculates H1 of next year — treat that as rumor, not guidance.

Published: October 23, 2026. Last checked: October 23, 2026.