Decentralized perpetuals platform Extended said it will migrate its settlement network from Starknet to the Layer 1 blockchain Arc in the week of Oct. 19. The company said trading will remain available during the transition, though deposits and withdrawals may be paused for about two hours. After the move, the platform will use USDC to pay gas fees and plans to broaden its lineup of perpetual contracts tied to equities, commodities, and crypto assets. Extended also warned users holding more than $1 worth of USDT or wBTC to swap or withdraw those assets before 20:00 Beijing time on Oct. 21, because Arc does not support either token. Accounts that fail to do so may face restrictions, and related positions may be forcibly liquidated. The update was carried by Techub News and attributed to Wu Blockchain.
Decentralized perpetuals trading platform Extended said it will shift its settlement network from Starknet to the Layer 1 blockchain Arc in the week of Oct. 19.
Extended said trading will continue during the migration. Deposits and withdrawals, however, may be suspended for about two hours.
After the migration, the platform will use USDC for gas payments. It also plans to expand the range of perpetual contracts covering equities, commodities, and crypto assets.
Extended said users holding more than $1 worth of USDT or wBTC must swap or withdraw those assets before 20:00 Beijing time on Oct. 21, as Arc does not support either token.
If users do not complete that step before the deadline, their accounts may be restricted and related positions may be forcibly liquidated.
The item was published by Techub News and cited Wu Blockchain.
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