What if I told you that you could go back in time<\/strong> before the launch of $HYPE and participate in the airdrop campaign that gave away billions of dollars\u00a0? It would be exciting, right\u00a0? Well, you can almost do that with Extended<\/strong><\/a>, <\/strong>a Perp DEX protocol that just launched its points program<\/strong>, similar to what Hyperliquid did two years ago. And we all know where that led\u00a0!<\/p>\n To explain it simply, Extended<\/strong> is a hybrid DEX where you can trade various assets with high leverage (up to 100x), including crypto, TradeFi instruments like stocks (SPX), gold, and even forex\u00a0; all with a trading experience that rivals centralized exchanges like Binance. And the best part\u00a0? No KYC required\u00a0!<\/p>\n It\u2019s often compared to the now-famous Hyperliquid<\/strong>, but there are some important differences that I\u2019ll discuss later in this\u00a0article.<\/p>\n For those who think that Extended just copied Hyperliquid to ride the hype around the Perp DEX narrative, I can tell you that\u2019s not the case. The project started in 2023<\/strong>, raising $6.5 million<\/strong> in fundin, long before Hyperliquid\u2019s massive\u00a0success.<\/p>\n Since then, the team has made significant progress, launching a testnet and going live with the mainnet in December\u00a02025<\/strong>.<\/p>\n This project was built by ex-members of Revolut<\/strong>, especially those from the crypto department, along with several other notable figures in the crypto\u00a0space.<\/p>\n The idea was inspired by the need for a decentralized solution for investors especially after witnessing the collapse of FTX<\/strong>, which impacted millions of retail investors and experienced traders\u00a0alike.<\/p>\n Season 1<\/strong> of the Points Program launched on April 29, 2025<\/strong>, with 1.2 million points<\/strong> available for weekly distribution every Tuesday at 00:00\u00a0UTC<\/strong>.<\/p>\n The system closely resembles what Hyperliquid did during their two seasons before their Token Generation Event (TGE), which led to a massive airdrop worth billions of dollars. For each point you earned, you received a portion of\u00a0$HYPE.<\/p>\n While there\u2019s no official info yet on how the airdrop will be structured for Extended, it\u2019s very likely they\u2019ll take a similar route given how successful that formula proved to\u00a0be.<\/p>\n There are three main ways<\/strong> to earn points\u00a0:<\/p>\n Trading activity<\/strong>Depositing in the\u00a0Vault<\/strong>Referring people<\/strong><\/p>\n Trading activity\u00a0:<\/strong> While the exact criteria are not public for obvious reasons, any organic activity (not just opening and immediately closing a short position) will be rewarded, regardless of position\u00a0size.<\/p>\n Vault deposits\u00a0:<\/strong> This works similarly to Hyperliquid\u2019s Vault (HLP). In simple terms, the Extended Vault generates revenue by\u00a0:<\/p>\n Market-making across multiple\u00a0marketsHandling liquidations for a 1%\u00a0feeReceiving 50% of the exchange\u2019s net trading\u00a0feesManaging risk via strict exposure and leverage\u00a0limits<\/p>\n This has allowed for an APR of 27% over the last 30 days<\/strong>, though it is subject to volatility. Currently, the vault is capped (to maintain high APR), so deposits are temporarily paused\u200a\u2014\u200abut caps are frequently increased. Announcements are made in the\u00a0Discord.<\/p>\n Referrals\u00a0:<\/strong> There\u2019s also a special ambassador program for\u00a0:<\/p>\n Users with 4,000+ social media followers<\/strong>, orUsers who\u2019ve referred $10M+<\/strong> in trading volume over the last 30\u00a0days<\/p>\n More info is available on their official documentation here<\/a> and\u00a0Discord.<\/p>\n The trading interface is intuitive. You\u2019ll need a wallet (Rabby, MetaMask, etc.) to deposit USDC<\/strong> on either Ethereum<\/strong> or Arbitrum<\/strong> (lower fees). Then you\u2019re ready to start trading\u00a0!<\/a><\/p>\n \u26a0\ufe0f Important\u00a0:<\/strong> Many people lose money trading, especially with high leverage. If you\u2019re just here to farm the airdrop with lower risk, I recommend hedging your trades (e.g., buying $100 while selling $100 of the same token), either on Extended with a sub-account or on another platform.<\/p>\n Let\u2019s break down the pros and cons<\/strong> of Extended and its potential airdrop.<\/p>\n Very early stage (~1K users)\u00a0: <\/strong>easier to farm points, just like early HyperliquidHigh leverage (up to 100x)\u00a0: <\/strong>ideal for small-cap traders and experienced usersWide range of assets\u00a0: <\/strong>from crypto to traditional markets like stocks and forex (though more pairs are being added\u00a0weekly)Future features\u00a0; ) <\/strong>including spot markets and unified margin (all assets like BTC, ETH used as shared collateral), which is groundbreaking for a non-KYC\u00a0platformLow trading fees\u00a0: <\/strong>among the most competitive in the Perp DEX\u00a0spaceSource\u00a0: https:\/\/www.perpetualpulse.xyz\/<\/a><\/p>\n Early-stage UX\u00a0: <\/strong>still being polished; your feedback is\u00a0valuableLimited pairs (for now)<\/strong>\u00a0: only core markets available, but suggestions are welcomed via\u00a0DiscordAirdrop uncertainty\u00a0: <\/strong>while it\u2019s likely, there\u2019s no confirmed tokenomics or TGE info yet. Trading just for speculative airdrops is\u00a0risky.<\/p>\n I believe Extended has huge potential<\/strong>. The team is experienced, the roadmap is promising, and the community from my time in the Discord is responsive and\u00a0helpful.<\/p>\n If you\u2019re planning to farm the airdrop, I recommend using only a small portion<\/strong> of your portfolio. Trading always involves risk, especially with high leverage and early-stage platforms.<\/p>\n But if the project delivers on its promises\u00a0? Extended (10% reduction fees for 50M first volume)\u00a0:<\/strong><\/p>\n https:\/\/app.extended.exchange\/join\/ASTROBOY13<\/strong><\/a><\/p>\n Website\u00a0: https:\/\/extended.exchange\/<\/a><\/p>\n Extended Twitter (X)\u00a0: https:\/\/x.com\/extendedapp<\/a><\/p>\n Extended Discord\u00a0: https:\/\/discord.gg\/bNX9FdtGaG<\/a><\/p>\n Docs\u00a0: https:\/\/docs.extended.exchange\/<\/a><\/p>\n As always, thank you for reading\u00a0!<\/strong><\/p>\n Follow me on\u00a0medium<\/a><\/p>\n Follow me on\u00a0Twitter<\/a><\/p>\n Hyperliquid (4% fees discount)\u00a0: <\/strong>https:\/\/app.hyperliquid.xyz\/join\/ASTROBOY13<\/strong><\/a><\/p>\n My favorite Crypto Faucet: Cointiply<\/a> (referral)<\/p>\n Read exclusive articles on publish0x<\/a>, and if you want to support me for free, you can sign in with this\u00a0link<\/a><\/p>\n Disclaimer: This is not financial advice, you need to do your own research\u00a0!<\/em><\/p>\n Extended\u00a0: The Airdrop You Don\u2019t Want to Miss<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Extended\u00a0: The Airdrop You Don\u2019t Want to\u00a0Miss What if I told you that you could go back in time before the launch of $HYPE and participate in the airdrop campaign that gave away billions of dollars\u00a0? It would be exciting, right\u00a0? Well, you can almost do that with Extended, a Perp DEX protocol that just […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-72129","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/72129"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72129"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/72129\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What Is Extended\u00a0?<\/h3>\n
The Team<\/h3>\n
Points Campaign<\/h3>\n
To activate your referral link, you need to hit $10K in trading volume. Once that\u2019s done, you can create a personalized invite link and code. Invited users get a 10% fee discount<\/strong> on their first $50M<\/strong> in total trading\u00a0volume.<\/p>\nHow to\u00a0Start<\/h3>\n
My Opinion<\/h3>\n
Pros\u00a0:<\/h4>\n
Cons\u00a0:<\/h4>\n
Conclusion<\/h3>\n
It could be very worth\u00a0it.<\/strong><\/p>\n