Extended Launches RWA Prime Market: Supports 36 Unique US Stock Underlyings, Adopts SOFR Benchmark Rate Mechanism, and Operates on a 24/5 Trading Schedule

BlockBeats News, August 5th, On-chain perpetual futures trading platform Extended announced the launch of the RWA Prime Market, which differs from the regular RWA market by supporting other RWA underlyings that are usually not covered by other platforms. Trading hours are 24/5 or only open during regular stock trading hours, with trading paused on weekends, stock holidays, and non-trading hours, but positions remain open. The funding rate mechanism is based on the Secured Overnight Financing Rate (SOFR), and due to the use of an RFQ trading model and the absence of a real underlying order book, the rate is determined by the imbalance of open interest contracts, rather than the bid-ask spread impact premium of traditional perpetual contracts.

As of August 5th, RWA Prime has listed approximately 36 stock underlyings, covering various sectors such as semiconductor equipment (KLA Corp, Microchip Technology), semiconductor foundry (GlobalFoundries), electronic design automation (Synopsys, Cadence), Chinese concept stocks (PDD Holdings), cloud computing and software (Datadog, Autodesk, Shopify), and Bitcoin mining companies (MARA Holdings, Riot Platforms, CleanSpark, IREN Limited).