Extended Exchange Season 1: The Raw Math of Farming 600k Weekly Points
Most people farming Extended are burning 0.025% per leg using market orders, effectively paying $250 for every $1M in volume just to chase an unpriced token.
If you don't calculate your cost-per-point against the weekly emission cap, you are the liquidity. Here is the exact execution breakdown:
1. The Fee Friction (Maker vs. Taker)
Maker Fee: 0.000% (Free execution on limit order fills).
Taker Fee: 0.025% (Market orders).
The Leak: Taking liquidity on a $50,000 delta-neutral rebalance costs $12.50 per turn. Over 20 rebalances/week, that is $250 in raw fee drag.
The Fix: Run passive resting limit orders at the spread. Your fee cost drops to $0.00, leaving only delta slippage risk.
2. The Point Dilution Cap
Weekly Pool: Hard-capped at 600,000 points.
Points dilute linearly as aggregate weekly volume expands. When total platform volume surges past $300M/week, point yield per $10k volume compresses by ~42%.
Rule: Concentrate execution during low-volume mid-week windows to capture higher point density per dollar traded.
3. Hidden ToS Restrictions (Geo-Fence)Extended quietly lists jurisdictions that automated Sybil filters track on-chain and via RPC logs:
Strictly Blocked: US, GB (United Kingdom), CN, HK, RU, and SC (Seychelles).
Standard commercial datacenter VPNs leak WebRTC/DNS. If your IP resolves to a restricted subnet during account initialization, your allocation risks disqualification prior to TGE.
4. Execution Rebate TierIf you must cross the spread with taker orders, do not trade at base tier:
Use routing code AIRDROPRADAR during setup to lock in the 10% fee rebate across your first $50M volume.
Rebate math: Saves $25 per $100k taker volume, lowering your effective net cost per 1,000 points to under $1.12.