Extended is still in the pre-TGE points-farming phase, with TGE expected in autumn/Q3. The main farming inputs are the ongoing points program, now estimated at 70M total points, with rewards continuing at 600k points per week and 30% of supply reserved for the airdrop.
Next action: Track your point accumulation and watch for any change to the autumn TGE timeline or reward rate.
Extended updated its decentralization timeline and kept the 30% token supply drop unchanged. The project also confirmed 70M total points and said rewards will continue at 600k points per week, letting users estimate potential point value against different FDVs.
Extended has raised $12.5 million in fresh funding. The message also notes continued point farming ahead of a TGE expected in autumn.
Extended is still seen as having upside, but the author has paused farming because competition is too high. Capital has been moved to other perps, while some freed stablecoins were redirected into Bulk for points farming.
Extended is maintaining around $500M in daily perpetual volume, but points are now awarded less frequently and depend on total perp volume. The post says the current rate is about $5K volume per point, and farming is expected to continue until the Q3 TGE.