Bulk
B Tier
LATEST UPDATE · OCTOBER 27, 2026
AURA Challenger Series Season 1 live Oct 10 → Dec 5, 2026 (1M AURA a week). Referral program since Oct 20. OTC points quoted $0.10–0.20. Open interest ~$15m, +58% on the month.The numbers
Expected FDV
$150m
$50m – $400m
Airdrop pool
$45m
"30%+ (might have to do 33)" per co-founder @kdotbulk (Sep 25); not in docs, unlock terms unstated
Team score
6/10
founders, exits, backers, flags
Token window
Season 1 ends Dec 5; no TGE date
points end Dec 5, 2026
points live 1 months; token talk for 12
$10m$100m$1b$10b
How we got the FDV: AVNT ($109m) and APEX ($111m) on $890m of 30-day volume, with open interest up 111% in 30 days and a Solana momentum premium.
Momentum side bet with cash now and a token later. Fine as a side position through Dec 5.
About $1,350 of airdrop per $1m of volume if the 1M AURA a week figure holds, but farmer reports (21 AURA on $70k of volume) say the real rate is lower. Meanwhile 12.5% of revenue is paid out weekly in USDC. Pedigree is the weak point: the CEO is ex-Orderly marketing and the CTO is unverifiable.
Cut it if: the AURA rate stays near 0.3 per $1k and Season 1 ends Dec 5 with no token date, or open interest stalls.
Who's farming it: zerokn0wledge_ called it the most serious perp DEX engineering on Solana (Oct 22). Backers (6th Man, Robot, Wintermute, Anatoly Yakovenko) are reported on X, not confirmed by Bulk.
What is Bulk?
A Solana perpetuals exchange with its matching engine embedded in a forked validator (BulkBFT), invite-only on mainnet since September 5, 2026. Founders Kobie McGlashan and Junaid Peer; $8M seed (Sept 2025) led by Robot Ventures and 6th Man with Wintermute, Mirana and Anatoly Yakovenko. The AURA 'Challenger Series' Season 1 runs October 10 to December 5 in ranked leagues, and 12.5% of weekly net revenue is paid to traders in USDC. A co-founder has said 30% of supply goes to users; nothing is published.
Airdrop parameters
POINTS / CLAIM END
AURA Season 1 ends Dec 5, 2026
ALLOCATION
"A 30%+ airdrop allocation (might have to do 33 now)" per co-founder @kdotbulk, Sep 25, 2026; details promised closer to TGE; nothing in docs
METHOD
1M AURA a week by league on Trading AURA (formula unpublished), weekly Gauntlets of 50k AURA, USDC pool from 12.5% of net revenue; tier-2+ rebate market makers excluded
TGE
None set
ACCESS
Invite-only: access code or referral link (slots unlock at $100k of personal volume). Not for US, UK, Australia, Japan, Singapore, Korea, UAE, Turkey and others; VPNs banned. USDC on Solana.
CHAIN
Solana
How to farm
01
Get a code and connect a Solana wallet (non-US)
Phantom or Solflare with USDC. A referral link gives the referee +5-10% Trading AURA.
02
Deposit and quote post-only
Maker fee is 0 bps, taker 3.5. Spread two-sided orders across markets; epochs run Saturday to Saturday.
03
Read each Saturday's Gauntlet
50k AURA weekly challenges target a specific metric. Aim at it.
04
Climb to Platinum or above
The USDC revenue pool pays the top leagues (Challenger top 25 gets 45%). Check your league weekly.
05
Unlock invite slots at $100k increments and refer
Referrers earn 10-15% of referee net fees in USDC plus 1 AURA per 4 referee Trading AURA.
06
Decide on Dec 5
If Season 1 ends with no token date and no confirmed split, stop.