BULK
BULK is a decentralized perpetuals exchange offering up to 40x leverage and portfolio margining across positions.
- Category
- Derivatives
- Used for
About BULK
BULK is a decentralized trading protocol and leaderless network designed for crypto derivatives trading.
The network combines execution with a decentralized architecture, incorporating a portfolio margining system and a risk engine to support low-latency trading.
Key features
- Executes transaction blocks using BULKBFT consensus.
- Provides up to 40x leverage for trading positions.
- Uses portfolio margining to evaluate risk across an entire portfolio.
- Applies dynamic continuous lambda surfaces that adjust for leverage, position size, market regimes, and cross-asset correlations.
- Incorporates cascade adjustments based on current order book depth and closeout PnL estimations.
- Allows deployment of perpetual contracts through deployer-owned market specifications.
What it is used for
- Trade crypto perpetual contracts with portfolio-level margin offsets.
- Launch new perpetual derivative markets on the protocol.
- Build applications and infrastructure on top of the order book using Builder Codes.
What it does
Used for
Who it is for
Kind of tool
- Exchange
Platforms
- Web
Things to know
- Closeout execution impact is calculated using book sweep costs and estimated cascade impacts.
Verification and freshness
- Not verified yet.
- Last updated on November 8, 2026.
