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Decentralized perpetual futures exchange Extended announced it will migrate its infrastructure blockchain from Starknet (STRK) to Circle’s layer-one Arc at 1:00 p.m. UTC today.
Most users will be able to complete the migration without taking any action. Accounts, positions, order history, trading records and points will remain unchanged, while USDC will be migrated to native USDC and ETH will be converted to wETH at a one-to-one ratio.
However, users with any sub-account holding more than $1 in USDT or wBTC must approve an asset conversion in the app or withdraw those assets by 12:00 p.m. UTC on Oct. 21. Under the conversion, USDT will be changed to USDC and wBTC to Circle’s Bitcoin-pegged token cirBTC, each at a one-to-one ratio, with no swap fee.