New Staking Initiative Offers Yield and Unspecified Rewards

BULK, a decentralized perpetuals exchange on the Solana network, has introduced a new program that appears to be a precursor to a formal points system. The initiative allows users to stake SOL tokens through BLUK’s dedicated validator nodes.

Participants in the program can earn a 7.5% Annual Percentage Yield (APY) on their staked SOL while also accumulating an unspecified reward. While the project has not officially labeled these rewards as “points,” a co-founder, kdot, emphasized the word “POINTS” when sharing the announcement, strongly suggesting the nature of the incentive.

This development follows earlier news that BULK secured $8 million in a seed funding round. The investment was co-led by 6th Man Ventures and Robot Ventures and saw participation from prominent industry players including Big Brain Holdings, Wintermute, and Solana co-founder Anatoly Yakovenko.