Extended: Extended is running an active

Extended is running an active points program distributing 1,000,000 points per week.

Current earning rate is about 1 point per ~$5,000 trading volume; accrual is largely linear with extra rewards for holding positions, and PnL is taken into account.

Using the Vault (deposit to mint XVS used as collateral) yields more points than using USDC as collateral. The Vault currently offers around 23% APR. Base fees are maker 0% and taker 0.025%.

Team members are former Revolut staff; reported daily trading volume is $1B+. OTC quotes reportedly price points around $2/point; total points are unknown (an estimated ~70M if distribution continues for ~1.5 years).