BulkTrade Launches USDC Margin Perpetual Contracts on Solana Mainnet
BulkTrade has launched its USDC margin perpetual contract exchange on the Solana mainnet. The platform offers execution delays of between 5 to 20 milliseconds, with a settlement asset of USDC.
The BULK network operates alongside Solana as an L0 execution layer and handles order books and matching, while Solana manages asset custody and deposits/withdrawals. Funds are stored in user-specific PDAs, and withdrawals require FROST threshold signatures.
The trading product is a USDC margin perpetual contract with a maximum leverage of 100x, and funding is settled hourly. Perpetual contracts operate without an expiration date and rely on margin and liquidation conditions.