Risk Engine V1.0

One Exchange.
Infinite Markets.

At the heart of Bulk lies a next-generation risk engine. Designed for solvency, precision, and the capital efficiency of a centralized exchange, fully on-chain.

See The Difference Follow Updates
The Problem

The Efficiency Gap

Standard DEXs force a trade-off between safety and capital efficiency. BULK eliminates it.

Feature Standard DEX BULK Engine
Collateral Types Stablecoins Only Unified (LSTs, Yield, LP)
Liquidation Method Full Position Dump Partial Quadratic Optimization
Margin Calculation Static / Fixed Dynamic (Regime Aware)
Hedging Benefit None (Isolated) Correlation Offsets
Risk of ADL High Near Zero
The Process

How It Works

The engine runs a multi-stage pipeline to evaluate every position block-by-block.

Regime Identification

Markets aren't static. We use a Markov-like regime switching model to detect if the market is in a "Low Volatility" or "High Stress" state, adjusting margins dynamically.

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Correlation Matrix

Assets move together. If you are Long SOL and Short ETH, your risk is lower. We model these correlations to offer cheaper margin for hedged portfolios.

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Quadratic Optimization

If liquidation is needed, we solve for the least impactful trade combination to restore health, minimizing user PnL damage.

Monte-Carlo Simulations

Testing Millions of Paths

Offline, we run heavy Monte-Carlo simulations evaluating millions of price paths and stress scenarios. These generate K-dimensional risk matrices that feed the live engine.

Feature

Exotic Collateral

Because we model intrinsic value, you can use more than just stablecoins.

  • Staked Assets (BulkSOL)
  • Lending Positions
  • Fixed-Income Tokens
Feature

Execution Impact

Before liquidating, we check the order book depth to ensure the sale won't crash the price further.

Capabilities

Engine Architecture

UNPRECEDENTED FREEDOM

Rich, Composable Collateral

Most DEXs restrict you to stablecoins. BULK models intrinsic value and correlations between your collateral and your trading portfolio.

Staked Assets
BulkSOL with yield
Lending Positions
Kamino, Loopscale
Yield Tokens
Fixed-income positions
Basis Portfolios
Carry trade structures
FAIR OUTCOMES

Quadratic Optimization

When liquidation is necessary, we don't just dump your bag. We run a quadratic optimization algorithm.

› Minimize User PnL Damage
› Minimize Market Impact
› Prevent Cascades

No More ADL

Auto-Deleveraging is a failure of the risk model. By modeling risk precisely, we protect the pool without punishing winning traders.

Dual-Layer Architecture

Real-Time Layer

Live computation of liquidation maps, book depth, correlations, and current regime state.

Simulation Layer

Heavy Monte-Carlo simulations explore millions of price paths to update risk matrices.

"We owe it to users to do better."

In an environment where billions (soon trillions) are at risk, safety cannot come at the expense of capital efficiency. Bulk delivers both.

Trade on Bulk