Extended

Extended receives a B- risk grade (33/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — novel Starknet-native architecture and sequencer dependency create meaningful infrastructure risk. Strong growth trajectory with $100B+ cumulative volume and #1 TVL on Starknet, but the <1yr mainnet track record limits the grade. No exploits to date is a positive signal. Extended is a perpetual futures DEX on Starknet built by a former Revolut team, offering crypto and TradFi asset perpetuals with cross-asset collateral and up to 100x leverage across 50+ markets. It is currently #1 on Starknet by TVL with $194M+ and has processed $100B+ in total volume. No exploits or security incidents since its August 2025 mainnet launch.

The key risks identified for Extended are: (1) The protocol runs entirely on Starknet, meaning if the Starknet sequencer goes down during volatile markets, your positions cannot be managed or liquidated. This has happened on other chains like Solana. (2) Cross-asset collateral means a crash in one asset could trigger liquidations that affect your entire portfolio across different asset types, even positions that are individually healthy. (3) The protocol launched on mainnet in August 2025 and has not yet been tested through a major market crash or black swan event.

Extended scores 33/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 6/20, Oracle Surface: 5/10, Documentation Gaps: 2/10, Track Record: 6/15, Scale Exposure: 5/10, Regulatory Risk: 3/10, Vitality Risk: 3/10. The highest risk area is Oracle Surface at 5/10.

Among 53 rated Derivatives protocols on Hindenrank, Extended ranks #11 by safety (lowest risk score = safest). Its 33/100 risk score and B- grade place it among the safer Derivatives protocols.

Extended scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.