What is the project about?
Extra Finance is a leveraged yield farming & lending protocol built on Optimism.
What makes your project unique?
On Extra Finance, users can implement customized farming strategies, or deposit to lending pools to earn lending interest.
History of your project.
Mar 23, 2023 - Testnet Launch on Optimism
May 9, 2023 - Mainnet Launch on Optimism
What’s next for your project?
Extra Finance’s roadmap is as follows:
2023 Q3:
Integrate CLAMM
One-click Yield Farming Templates
Yield Farming Simulation & Calculation Tool
2023 Q4:
Release of Advanced Strategy Vaults
2024 Q1:
Social Farming:
User-to-User Yield Strategy Following
Extra Finance V2
What can your token be used for?
Extra Finance uses two tokens to manage its utility and governance:
`$EXTRA` — ERC-20 utility token of the protocol
`$veEXTRA` — ERC-20 governance token of the protocol
`$EXTRA` is used for rewarding liquidity providers through emissions.
`$veEXTRA` is used for governance. Any `$EXTRA` holder can vote-escrow their tokens and receive a `$veEXTRA` in exchange.
Utility
By holding `$veEXTRA`, users can unlock the following benefits and features:
APR rewards, sourced from both protocol fees and `$EXTRA` token incentives.
- The protocol fee comprises various tokens collected into the treasury and is shared once per epoch. It is used to buy back `$EXTRA` tokens from the market and then distribute them to holders of `$veEXTRA` tokens.
- A portion of the `$EXTRA` tokens allocated to the community will also be assigned to `$veEXTRA` token holders, subject to a specific emission plan.
- At the end of each epoch, rewards will be accumulated.
Unlock up to 4x leverage for yield farming pools.
Gain access to lending pools with a high utilization rate. (`$veEXTRA` holders only)
Vote & Governance in the community.
`$veEXTRA`is the voting power in Extra Finance's on-chain governance process. Users could use it to cast for/against community proposals.
Where is Extra Finance available for purchase?
What is the highest value Extra Finance (EXTRA) has ever reached?
Extra Finance (EXTRA) reached its peak price at 0.2878 $ on 27 March 2024, approximately a year ago ago. Presently, the current price is -92.6% lower than this all-time high.
What is the historical minimum price for Extra Finance (EXTRA)?
The minimum price reached for Extra Finance (EXTRA) was 0.01333 $, documented on 07 September 2023, more than 2 years ago. In comparison, the current price is 59.62%, it above this historical low.
What is the fully diluted valuation of Extra Finance (EXTRA)?
The fully diluted valuation (FDV) of Extra Finance (EXTRA) stands at $ 20,19 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,000,000,000 EXTRA tokens. The realization of this FDV might take several years depending on the emission schedule of EXTRA tokens.