
Ruslan Fakhrutdinov
Founder of Extended, a decentralized perpetual futures exchange; focused on perp DEX design, vault tokenization, and risk-management innovations in crypto derivatives.
Best podcasts with Ruslan Fakhrutdinov
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Feb 17, 2026 • 58min
Ruslan Fakhrutdinov – Extended Exchange and Vault Tokenization (S7E27)
Ruslan Fakhrutdinov, founder of Extended and builder of a decentralized perpetual futures exchange, discusses perp DEX vault design, vault shares tokenization, and risk waterfalls. He explains liquidation mechanics, forced closes, and how vaults act as insurer, lender, and hedger. They also cover cross-asset margin, RFQ spot liquidations, and interest-rate incentives to manage concentration.


