The Solana-native project detailed a two-phase lifecycle in which deployers launch isolated perpetual markets first and later stake 2 million USDC to enter BULK’s portfolio margin system.
Bulktrade has expanded on BIP-1, its framework for launching deployer-owned perpetual markets with near-zero upfront cost ahead of mainnet, by outlining a two-phase market lifecycle and contrasting it with rival permissionless listing models. In the first phase, deployers can request a ticker and launch a USD-settled perpetual market under their own prefix while handling oracle updates, liquidity and growth, and earning a configurable fee above the protocol’s base fee. Markets can list up to 30 tickers, cannot duplicate assets already supported by Bulk Trade, and remain subject to validator removal if they violate protocol policies. Once a market reaches what Bulk calls the maturation point, deployers can stake a 2 million USDC bond to provide insurance and liquidity backstop support and move into BULK’s shared portfolio margin system, where the protocol says correlated positions can reduce collateral needs by as much as 70%. Bulk Trade said the bond may change for future deployments after the BULK token launches and is returned after the maturity period or when the market is settled if no policy violations occur.