Memeland Captain, EXTENDED LOVER https://teapaw.org/t.co/A4NRCeUvuR On the road to X$. moving with patience, purpose, and precision.
Joined November 2023
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I just sat down over coffee with a few of the guys I referred to @extendedapp .
We got talking about the future of perp DEXs. I shared what I know and what I see coming from Extended.
By the end of the conversation, they summed it up with just two funny lines:😂
“Why didn’t I farm enough when you told me last year?”
“When is VAR launching? I need to buy more Extended tokens after TGE.”
It’s funny how many people still don’t grasp what’s coming.
But that’s the nature of opportunity. Not everyone will recognize it early. If everyone did, there’d be no edge.
AndySparkO.xt retweeted
EURC is now supported as collateral on Extended.
You can now deposit $EURC on @arc, Ethereum or Base and use it as margin across all perpetual markets, with no conversion to @USDC required.
EURC launches at a 90% contribution factor, which will move to 95% after an initial monitoring period.
i legit dont know anybody from my circle not wanting to buy $xten at current price
AndySparkO.xt retweeted
The lowest you're gonna see $Xten is $0.5 minimum after TGE
Keep dreaming to catch that useless pre-market price
The lowest you're gonna see $Xten is $0.5 minimum after TGE
Keep dreaming to catch that useless pre-market price
AndySparkO.xt retweeted
eToro was the first, & the team confirmed they're close to finalising more. who else was at the Arc x Extended dinner 👇
Bitvavo
- #1 euro crypto exchange: 44% of all EUR spot trading
- 2m+ customers
- $9bn of spot a month, $20bn+ at the peak.
Bitpanda
- 7.4m customers
- Powers crypto for 16 banks & fintechs: Raiffeisen, N26, BW-Bank & more
- 25m+ bank customers reachable through one integration.
Together they reach ~35m Europeans, but 0 perps.
Extended is building to be Europe's perps rails. Plug in & every customer & partner gets perps.
Same maths as eToro:
- 25% eToro + 25% of their flow → ~$47m in fees
- 25% eToro + 50% of their flow → ~$62m
- if volumes recover to the 2025 average → ~$82m
Nothing has been announced so all speculation, but the market is barely pricing in eToro. Europe's distribution isn't priced at all 👀
$XTEN is the ticker.
Everyone's sleeping on eToro. It's the biggest unpriced catalyst in the $XTEN story.
- MiFID-licensed broker.
- 4.36m funded accounts, ~70% in Europe & the UK.
- Flow at the bottom: down ~55% in ten months, from $24bn to $10.7bn invested a month.
but what is the eToro x Extended relationship other than investment?
eToro clients trade → eToro hedges on Extended → eToro routes its users through Extended.
& $10.7bn is what's invested (trades × amount per trade), not the volume traded. Apply leverage (~25% of flow at ~5x) & it's ~$20bn a month.
What that could mean for Extended's ~$19m of annual fees:
10% routed → +$6m = $24m
25% routed → +$14m = $33m
50% routed → +$29m = $48m
& this is based on flow at the lows. Back to Oct '25 levels, 25% routed is $51m, 50% routed is $65m.
$XTEN pre-market price is 3–4x fees. With 25% of eToro's flow, that drops to 2x. The peer median ~21x.
& eToro is just the first. The AMA said bigger B2B & TradFi partnerships are being finalised.
$XTEN is the ticker.
AndySparkO.xt retweeted
Good to see Extended on Circle's Q3 call. We moved to @arc because it's the right home for a USDC-native exchange, and we are just getting started.
$XTEN Whitepaper discovery 👀Original timeline from the filed WP
• Nov 1 — T&C acceptance opens
• Nov 2 — First token transfers
• Dec 31 — Acceptance closes
First distributions were scheduled less than 24hrs after subs opened
Revised White Paper + new dates coming soon
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AndySparkO.xt retweeted
The Final Arc is over.
$3.81B traded across 351 markets.
• 5,353 active traders
• 746 new users
• RWA took 29.5% of volume
250,000 USDC has been paid out to the top 500 traders by competition score, along with 750,000 Xpoints distributed to eligible participants under the competition rules.
Congrats to the winners!
AndySparkO.xt retweeted
$XTEN tokenomics now released with TGE confirmed November.
- 1b fixed supply, 30% at launch, & it can only go down
- Team & investors locked 12 months, no staking yield.
- Buybacks fully disclosed on a dashboard: as much exchange value as possible goes to buybacks
- Every validator needs 5m XTEN with the aim for 10 validators = 50m of supply off the market.
Illiquid pre-market says ~$250m, but doesn't price in;
- eToro ~3m funded accounts with 24/7 perps for its users with Extended as backend.
- Circle strategic partnership with details still to be announced (partnership is more than moving to Arc).
- more EU partners close to being finalised.
- MiCA & MiFID licenses in progress.
$XTEN is the ticker.
AndySparkO.xt retweeted
Fun maths for $XTEN TGE
Pre market (225m FDV)
- 5% of points supply (n1) points holder is teams internal MM desk so effectively that’s burned from circ mc
- The team needs to purchase 5m XTEN tokens on TGE to run the first validator ; assuming similar prices that’s 1m$ buy pressure ; another 1.5% burned from circ supply
- 9 other validators will be joining with their points open market purchase ; game theory suggests they should purchase their tokens as soon as possible before price up risk 9*5 mil tokens= 45 million Tokens (9 mil usd) ; another 8.5% ~ from circ supply
All in all 15% of the supply is a sink for validators + team MM points
Not factoring in buybacks of a 20-25 million treasury into this as timelines for this are unknown and price of execution is also unknown.
Staking should also be a pretty significant supply sink due to the huge benefits for it.
Also not factoring in liquid funds, traders punting this play.
Should be fun
