6 months of building. what's next?
TLDR: We focused on putting in place the product, partnership and governance foundations for the next phase of Extended. TradFi partnership, hundreds of new crypto and RWA markets, spot trading and further decentralisation are coming. Our approach to growth remains unchanged: no KOL round, no paid promotions, no paid PR, no podcast sponsorships and no paid market-making arrangements.
Over the past 6 months, the team at @extendedapp has been focused on a fairly simple objective: building the product, infrastructure and partnerships required to support the next stage of growth.
A lot of the work happened behind the scenes but we are now getting to the point where the pieces are starting to come together.
Product
Some of the key items are already live:
- Multi-asset collateral, allowing users to post wBTC, ETH and USDT alongside USDC. Besides expanding the collateral universe, it also unlocks simple cash-and-carry strategies directly on the platform.
- Full email onboarding, including gasless deposits and withdrawals. While not particularly exciting on its own, it unlocks fiat on/off-ramp integrations that are required to onboard non-native users.
- Significant improvements to UI stability, responsiveness and overall user experience, driven largely by user feedback collected over the past months.
Several important pieces are coming next:
- Spot trading, which we view as a table-stakes component of a complete exchange experience and an important UX improvement to multi-asset collateral.
- Opening up our lending infrastructure beyond the exchange itself, allowing users to deposit wBTC, ETH and USDT, borrow USDC and deploy capital elsewhere.
- New trading infrastructure that will unlock hundreds of additional crypto and RWA markets. Internally, this is the product initiative we are most excited about.
Growth
Over the same period, we have spent a lot of time thinking about how Extended should grow.
One principle remains unchanged: we do not pay for KOL promotions, PR, podcast sponsorships or market-making arrangements. This applies equally to cash, tokens and points.
Its a slower path and not the easiest one but over time we have become increasingly convinced that sustainable growth is built on product quality, distribution and community rather than financial incentives.
We have also completed a number of less visible but equally important initiatives:
- Finalised the legal and commercial framework for our first tradfi partnership, which unlocks some of the product initiatives mentioned above and establishes a foundation for future institutional integrations.
- Secured the majority of the long-term partners who will help operate, secure and govern Extended. We are proud of the quality of the organisations that chose to support the vision and will be sharing more details separately.
- Spent considerable time with our largest users and major ecosystem participants to gather feedback and ensure alignment around the long-term direction of the protocol.
- Remained committed to our original targets for early community rewards, despite certain things taking longer than anticipated.
This month is an important one for Extended. It will conclude the team's efforts over the past 6 months and mark the beginning of the next phase: further decentralisation, ecosystem expansion and the transition to a community-owned protocol.
Traders do not want another venue with the same five crypto pairs.
They want more markets.
Crypto. RWAs. Equity perps.
Decibel is building the fully onchain venue for all of it.
If you collect Pokémon, this is the week you’ve been waiting for.
There’s one card every TCG collector measures their collection against.
We’ve got 11 of them.
Any guesses?
Hint: 🔥
Trade on Decibel. Stack tickets. Win yours.
→ app.decibel.trade/card-vault
Constructive DeFi policy starts with direct engagement.
Our legal and policy team joined @BlockchainAssn, @fund_defi, @Aave, @Uniswap, and others in Washington, DC, for a briefing with congressional staff on DeFi market structure and infrastructure.
As more financial activity moves onchain, clear policy and technical understanding matter.
Decibel is committed to building transparent, verifiable markets that can support the next era of DeFi.
Today, BA partnered with @fund_defi for a DeFi Demo briefing on Capitol Hill.
Thank you to our members @aave, @base, and @Uniswap for showcasing the functionality of DeFi protocols, and for joining the discussion on the future development and use of DeFi in the U.S.
week 17 update @01Exchange
+244 points | $100k volume | $53k open interest
points dropped early this week, team took the feedback on delays and acted on it, that matters
nothing complex on the farming side. just holding positions paying high funding across katana and variational, letting it run. lower volume week but the setup stays profitable.. that's the only thing i'm optimising for
platform updates:
– v0.16.3 shipped - cited and team keep cleaning things up
– trigger orders now configurable before submitting - TP/SL presets attach automatically on fill
– atomics renamed to Strategies across the platform
– transaction history export added with full plaintext addresses
– competition and leaderboard improvements - Competition Leaders API, mobile leaderboard fixed
– clan join request management improved
– points delay last week was due to removing team member points and redistributing to community - points on time this week
– public mainnet alpha ends this week - mainnet beta starts next, 12 week duration
– trading competition #3 starting Tuesday
this is what a maturing platform looks like - steady compounding improvements
still confident in cited and the team. 01 as the flagship product on N1 gives it a different ceiling than most people are pricing in. N1 is the L1 powering 01 - built for perps, RWAs, options, unified portfolio margin. notable VCs backed. team has plays coming
been using the N1 app for all my 01 trading - same activity, double exposure across N1 and 01 simultaneously. if incentives drop on N1 soon (and i think they will), everyone already on the app is already positioned
don't wait for a raise or bullish catalyst. we saw exactly how that played out with variational
still stacking, still here.. points today, token tomorrow
01; 01.xyz/ref/giveno
N1; app.n1.xyz/r/giveno
week 16 update @01Exchange
+129 points | $120k volume | $69k open interest
lowest points ever since i started the program, not going to pretend otherwise. disappointed with the result but it is what it is, we move
kept volume intentionally lower this week, funding farm stayed
Aptos Weekly Recap
+ @Aptos + @AptosLabs posted the full interview where Avery emphasizes a shift in the industry away from speculative token narratives toward tangible adoption and the development of robust, enterprise-grade infrastructure
+ @_inceptioncap shared their visions
5K Followers 7K FollowingEn criptomonedas, la mejor inversión no es el próximo token: es tu educación para entender el riesgo, la tecnología y el momento.
Bitcoiner profesional.
560 Followers 707 Followingsharing thoughts and creating content on my favorite projects
love helping people and get connections to build relationship and competency
5K Followers 7K FollowingEn criptomonedas, la mejor inversión no es el próximo token: es tu educación para entender el riesgo, la tecnología y el momento.
Bitcoiner profesional.
560 Followers 707 Followingsharing thoughts and creating content on my favorite projects
love helping people and get connections to build relationship and competency