BULK is not just a perp DEX — its long-term thesis is permissionless derivatives on Solana. This hub maps the niche (permissionless perps), the DeFi protocols BulkSOL already integrates with, and what the endstate looks like for institutional capital.
Permissionless perpetuals let anyone list a perp market without exchange approval. BULK Improvement Proposal 1 (BIP-1) is the first credible spec for permissionless perp listing on a high-performance orderbook DEX. This is the Uniswap v2 moment for derivatives.
BIP-1 is BULK Exchange's proposal to allow anyone to create a perpetual market — the same move Uniswap v2 made for spot trading. Any asset with a Pyth oracle can get a perp. This is the feature most likely to drive BULK Exchange's long-term volume.
1M AURA distributes every week. Formula: USDC deposited × time held. Every Saturday you're not in is AURA you can't recover.
Minimum $10 · Withdrawable anytime · Converts to trading margin at mainnet