BULK's referral program rewards institutions for the counterparties they bring. During Season 1 pre-deposit (closed September 5, 2026) it paid 1 AURA per $100 held weekly, uncapped. Post-mainnet, referrals earn from a dedicated AURA pool as referred accounts trade. Here's the institutional math and the three-tier playbook.
BULK institutional accounts can stack three independent AURA/yield streams simultaneously post-mainnet: trading volume AURA, BulkSOL staking yield (including 12.5% of all exchange fees), and referral AURA. None of these require the same capital — they can all run in parallel.
For institutions routing serious capital into on-chain perpetuals, the BULK vs Hyperliquid comparison comes down to four structural points: portfolio margin efficiency, BULKBFT fair ordering vs sequencer MEV, Genesis Phase zero-fee window, and a formal referral program HL never built.
Institutions that positioned early on Hyperliquid earned HYPE worth millions at TGE. The structural setup on BULK Exchange is nearly identical — size × time formula, Genesis zero fees, protocol fee revenue share — with one improvement: a formal referral program that Hyperliquid never built.
Season 1 pre-deposits closed September 5, 2026 at mainnet launch. Here's how early vs. late pre-deposit timing affected AURA earned — a historical breakdown, now that the deposit window is closed.
BULK's pre-deposit campaign ran June 1 - September 5, 2026. Every pre-deposit converted automatically to trading margin at mainnet launch. Here's what happened, and how to get invite-only mainnet access now.
BULK's Genesis Phase waives maker fees entirely for the first 30 days of mainnet. Every day you trade after this window closes, you're paying a fee you could be paying zero on right now.
Mainnet is invite-only · Free code + referral link, no deposit required to look