Former Revolut Executive Launches DEX on Starknet Mainnet

The decentralized perpetual futures exchange Extended (formerly X10) has launched on the Starknet mainnet. Developers have migrated the project from the StarkEx platform.

Extended enables trading of cryptocurrency and traditional market assets with leverage up to 100x.

The project is led by former Revolut crypto operations head Ruslan Fakhrutdinov.

The transition to Starknet will facilitate interaction with other DeFi projects within the ecosystem. All transactions are conducted using zk-STARK technology, ensuring they are fast and cost-effective.

The platform supports EVM-compatible wallets like MetaMask and WalletConnect, as well as native Starknet solutions. The team is working on creating bridges for direct account funding from other networks.

Users have access to over 50 perpetual contract markets. In the future, developers plan to add unified margin logic, integrated crypto lending and spot trading markets. The platform will support non-stablecoin collateral assets, including yield-bearing ones. Another innovation is on-chain vaults with strategies for Bitcoin.

The launch of Extended highlights Starknet’s capabilities as an L2 solution for DeFi applications. The project demonstrates that scalable protocols can be developed without compromising decentralization and security.

Extended’s products are not available to users in the United States.

Last year, Extended raised $6.5 million. Investors included Tioga Capital, Semantic Ventures, StarkWare, Cyber Fund, top Revolut executives, and Lido co-founder Konstantin Lomashuk.

In March, the StarkWare team, developer of the Ethereum Layer 2 network Starknet, launched Stark Two (S-two) — a tool for verifying ZK-proofs on phones, laptops, and other everyday devices.