Extended

Extended credited last week’s points in its ongoing program, continuing a consistent weekly distribution cadence. Balances can be reviewed in the app, with points mainly driven by volume rather than long holding periods. Weekly allocations remain active as the program continues.

Extended distributed points today. With stable perp activity over recent weeks, the current estimate remains about $5,000 volume = 1 point, and point accrual appears consistent week to week. The protocol plans to enable vault deposits in wETH and wBTC, offering up to 25% APR on these assets, contingent on trading against the posted collateral.

Extended Season 1 is ending soon.

Season 2 is expected to reduce the amount of points distributed, making farming harder.

Extended has distributed points for Season 1 (distribution occurred yesterday).

Current observed accrual rate is approximately $5k–$6k trading volume = 1 point. An example account with about $3M weekly volume received roughly 525 points.

Keeping positions open 75–80% of the time and using market orders with funds in a vault reportedly yields slightly more points.

Season 1 is ongoing; points are visible in the platform’s Points tab.

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).

Extended plans to expand its Vault and ecosystem soon.

Deposits will support wETH, wBTC, USDe, and other assets. A portion of platform profits will be shared with Vault depositors. The team also plans to build a chain centered around XVS for broader use across the network.