Pinned Tweet
There has been a meaningful shift internally
We’ve always worked hard. We’ve always done long hours… But now, we are in the ‘everything clicking together” phase
Every product release now planned, cycles into an additional offering to the unique designs of our underlying risk engine
More markets, more market instruments.., all offsetting your margin requirements giving you more efficiency in your book
The days of 4 different collateral pools for spot, perps, options and outcomes are OVER. Now we work on unifying those experiences under a shared, portfolio aware margin system
Think about things like undercollateralised options that will carry lower premiums, or basis trades where the asset itself is utilised and considered, not lent usdc against…
All offsetting each other, netting discounts on each leg depending on the correlations between those selected markets…
We are clear ahead of the margin efficiency meta and the next 12-18 months is going to show you just how crucial that is
To our competitors: To get even remotely close to matching this, you will have to rip out the core logic of the underlying risk engine that underpins your exchange today.
For us?
We simply need to rollout the next product.
Literally just getting started 🫡
The @bulktrade's stock listings are only days old.
But they are matching Tradexyz's fills for tickets under $1K despite currently having 26x less volume.
Against Entropyio, Bulk fills 2.5x closer.
This is the performance between them with and without taker fees 👇
3
26
888
kdot | bulk retweeted
The @bulktrade's stock listings are only days old.
But they are matching Tradexyz's fills for tickets under $1K despite currently having 26x less volume.
Against Entropyio, Bulk fills 2.5x closer.
This is the performance between them with and without taker fees 👇
RWA Markets now tracks @bulktrade.
A decentralized exchange featuring a SPAN-style margin system with 11 RWA perps currently live led by SNDK at 21.6% of todays $15.8M volume.
Explore volume, open interest, funding, the live book, execution from every fill and USDC flows.
These guys are awesome. Here from the start!
I personally use bulkstats for quick visual analytical stuff but here is a great explainer why baskets are more efficient that opening standard orders
They also have replayable portfolio pnl cards 👀
Build baskets on bulkstats.com , trade them on @bulktrade
Long $BTC, short $NVDA and the S&P500, as one position.
As three separate trades: $201 margin
As one BULK basket: $119
Same exposure, 40% less margin, because BULK margin engine sees the hedge
BULKSTATS shows you the saving before you trade
Trading on the most efficient market structure in the world
Doing this at 30,000 feet while flying to London
Ty BULK
The smart people are starting to click on
A different collateral pool for each leg of any form of efficient book is a non starter
This is not how TradFi trades and they will not change it to trade onchain
Having one collateral pool which nets a discount on each leg through spot, perps options and outcomes. All wrapped into a portfolio aware liquidation engine that works to eliminate risk rather than capital
BULK is the ONLY onchain venue with this live today
>multi asset margin (along with spot) and options being the next 2 big releases
There is a clear meta forming here and we in a clear lead. Just trade on BULK 🫡
kdot | bulk retweeted
Sized in an ETH short today, and close it.
Now building up another short position.
First time really making money shorting crypto, but I can do it confidently because I have long positions opened as well.
Once we get back to $80K Bitcoin I can reflect on how to improve
kdot | bulk retweeted
For the wider audience, let me break down what that means:
Say you’re holding $1M of $NVDA and want to hedge it with a perp short into J̵e̵n̵s̵e̵n̵’̵s̵ ̵n̵e̵x̵t̵ ̵"̵I̵ ̵w̵a̵s̵ ̵u̵n̵f̵a̵i̵t̵h̵f̵u̵l̵"̵ ̵m̵e̵m̵o̵ Nvidia’s earnings call, where a single bad print can knock 15% off the stock overnight. So you add some puts for the tail and a small bet that they miss revenue.
Today that hedge lives on four different venues, and none of them talk to each other:
1) The perp venue doesn’t know you own the stock
2) The options venue doesn’t know you’re short
3) The prediction market doesn’t know about any of it
So a fully hedged book ends up locking $245k, as if every position could blow up at once.
TradFi solved this for funds a long time ago. It’s called portfolio margining: look at the whole book, net the risk, charge for what you can actually lose.
BULK brings that onchain, and it already works for perps. A $1M BTC long and a $1M ETH short at 25x would need $80.4K in margin on a typical exchange. On BULK, it’s $34.3K, 57% less. Once spot, options and outcome markets launch, they’ll work the same way.
Every dollar sitting idle as margin is a dollar not working. BULK gives it back. Come try it.
We spend the rest of this year laying the foundations to what will support next year’s rollout at scale
We spend next year winning it all 🫡
I can now score margin discounts with added volatility protection by partially hedging my BTC short against the most traded US index in the world
Where else onchain can I do this?
STOCKS STOCKS STOCKS
The $US500 is LIVE on BULK 🇺🇸
Track the S&P500 index with up to 25x leverage and 55% reduced fees!
Trade now: app.bulk.trade/ref/STOCKSZN
kdot | bulk retweeted
STOCKS STOCKS STOCKS
The $US500 is LIVE on BULK 🇺🇸
Track the S&P500 index with up to 25x leverage and 55% reduced fees!
Trade now: app.bulk.trade/ref/STOCKSZN
Headed to London tomorrow night
If you want to talk markets, or building on the best venue to support them... Bang my line 🫡
kdot | bulk retweeted
Baskets on @bulktrade are actually pretty useful.
Today I tested a 4-leg basket:
🟢 LONG: BTC + MU
🔴 SHORT: ETH + SNDK
All four positions opened in a single order, with 55% lower margin requirements compared to the industry standard.
The basket also made it easier to hedge across crypto and TradFi markets.
Not every leg went as planned:
ETH and SNDK hit their stops, while I manually closed BTC in profit. MU is still running, with my stop moved higher.
The overall strategy worked out in profit.
One order, multiple markets, long and short exposure all managed through a single basket.
Pretty cool feature. 💙
