Extended provides access to trading in more than 50 cryptocurrency and traditional markets with up to 100x leverage. The project is led by former head of crypto at Revolut Ruslan Fakhrutdinov. The transition to Starknet has opened up opportunities for integration with other DeFi projects in this ecosystem, and the use of zk-STARK technology ensures high speed and low transaction fees.
The platform is compatible with EVM wallets, including MetaMask and WalletConnect, as well as native Starknet solutions. The team plans to develop bridges for direct replenishment of accounts from different networks, which should simplify user access to the service.
Key updates planned include the introduction of a unified margin logic, integration of crypto lending and spot trading, and support for non-stablecoin assets as collateral, including yield-generating ones. The developers are also preparing on-chain storage with investment strategies for Bitcoin.
The launch of Extended demonstrates the potential of Starknet as a second-layer solution for scaling DeFi applications while maintaining a high level of decentralization and security.
It is important to note that the platform's products are not available to users in the United States. Last year, Extended raised $6.5 million in investments from Tioga Capital, Semantic Ventures, StarkWare, Cyber Fund, a number of Revolut top managers, and Lido co-founder Konstantin Lomashuk.
Recall that in March, Starknet developer StarkWare introduced Stark Two (S-two), a tool that allows you to verify ZK proofs on everyday devices, including smartphones and laptops.