BULK Exchange's liquidation engine doesn't just close the worst position first. It runs a 100-cycle optimizer that skips positions that provide hedging benefit, targeting margin recovery with minimal portfolio disruption.
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.
BULK Exchange uses portfolio margin by default — a 9-regime HMM model that claims up to 70% efficiency on hedged portfolios. This page explains how it works, how it differs from per-position margin, and when to use isolated margin instead.
The BULK Exchange referral program is listed as "coming soon" in the official docs. When it launches, it will let you earn from the trading fees of traders you refer. This page covers how to prepare, what to expect, and the mechanics based on comparable programs.
How to trade on BULK Exchange — from account setup to order types, margin mechanics, conditional orders, and fee optimization. The complete guide for traders going live on mainnet.
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.