#defi

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.