Updated 2026-09-19
Extended's points cap is almost fully minted — late for new farmers. Nado's Season 2 is earlier and has real engineering pedigree behind it, but a more conservative leverage ceiling.
| Extended | Nado | |
|---|---|---|
| Chain | Starknet | Ink (Optimism Superchain) |
| Maker Fee | 0% | 0.01% |
| Taker Fee | 0.025% | 0.035% |
| Max Leverage | up to 100x | up to 20x |
| Token | — | — |
| Airdrop Status | Season 1 nearly capped (pre-token) | Season 2 (pre-token, converts to INK) |
Extended and Nado are both newer perps DEXs on their own respective L2s, both still pre-token — but Extended’s points program is much further along, while Nado’s is comparatively fresh. Neither has a confirmed TGE date, but the remaining opportunity size differs significantly between them.
Extended’s Season 1 points program has an approximately 70-million-point hard cap, and independent research indicates the vast majority of that cap is already minted (with a meaningful chunk previously clawed back from detected sybil activity). A new wallet starting today is competing for a small remaining slice. Nado’s Season 2 is comparatively earlier in its lifecycle, with weekly point drops still actively distributing and less indication of an imminent hard cap.
Nado’s standout differentiator is its team: built directly by Kraken’s core engineering team as a flagship application on Ink, Kraken’s own L2. That’s genuine, rare centralized-exchange trading infrastructure pedigree. Extended’s team has ex-Revolut fintech backgrounds — also real, though a different kind of pedigree (consumer fintech versus exchange engineering specifically).
Extended offers a notably higher leverage ceiling (100x) than Nado’s more conservative 20x cap, with slightly lower fees on both sides. Nado’s unified margin account (pooling spot, margin, and perps risk in real time) is a genuine capital-efficiency feature Extended doesn’t offer in the same form.
Read the full Extended review and Nado review before farming or trading either.
Frequently asked
Weigh it carefully. Extended's points program has an approximately 70M-point hard cap, with roughly 5M points clawed back from sybil activity and the vast majority of the remaining cap already minted as of our research — a new wallet today has a much smaller remaining pool to compete for than an early participant did.
It's built by Kraken's core engineering team, a genuinely rare pedigree among perps DEXs — direct lineage to an established, multi-year centralized exchange's trading infrastructure expertise, not just a claim of "ex-Kraken" individuals.