In this episode, Ruslan, founder of Extended, shares his journey from Revolut to building a fully self-custodial exchange. He explains the vision behind Extended’s unified margin and multi-asset collateral system, the choice to build on Starknet, and the challenges of trustless architecture. The discussion dives into liquidation logic, exchange stability during volatile markets, and what sets Extended apart - closing with thoughts on sustainable growth, token plans, and the future of decentralized trading.

00:00 Intro, Ruslan’s background, founding Extended, and vision for a self-custody exchange

06:11 Leaving Revolut to build independently, benefits of a small agile team

13:09 What sets Extended apart - unified margin, multi-asset collateral, and long-term roadmap

18:42 Why they chose Starknet, trustless design, and Ethereum ecosystem integration

24:59 Deep dive into multi-asset margin mechanics, liquidation logic, and risk handling

33:46 Why others don’t build this yet, technical complexity, and future competition

39:18 Exchange stability, recent crash lessons, and how Extended handled downtime

45:56 Sustainable growth, token plans, long-term goals, and closing remarks