Amrit

I see a lot of Bulk aligned accounts bear posting @PhoenixTrade. I think this is dumb. I understand the perceived saltiness & unfairness. "Why has Foundation pushed Phoenix over Bulk". Bulk aligned ppl probably think it's because Foundation is trying to save face from their massive grant and thus see a fundamental inequity in the world. It's not. I've seen firsthand both through talking with Foundation employees but more importantly through understanding the architectures intimately (for @ImperialPerps) while what Bulk has is Solana adjacent. They have built what I would call a faithful implementation of a Solana L2. Bulk prefers the term "sidecar network", but like how Solana calls it a "program"... it's a smart contract, what they have built is a Solana L2. I think this is bullish Bulk in the short term. I think they will have an order of magnitude advantage over Phoenix regarding speed of execution. This theoretically should mean makers are more willing to market make on Bulk and theoretically Bulk will have tighter spreads, deeper liquidity, etc. I think the jury is yet to be decided on reality however. I think Phoenix's decision to have their engine live natively on Solana lends itself to certain compostability benefits that haven't been talked about a ton (something like Imperial works much better with Phoenix over Bulk). Speaking strictly of taker flow (users) I think there is are UX benefits to the engine being native to the Solana L1. I'm excited for the "Perp Wars" as we call them. I think iron will sharpen iron here and I think a strong Bulk will mean a strong Phoenix and vice versa. This is fundamentally why I think it's bullish Bulk for Phoenix to be strong.

very easy to get caught up in cynicism and doubt the best way to cut through all the noise is to talk directly to users the @PhoenixTrade team and i are always available to listen to feedback so we can build the best product possible feel free to dm myself, @0xShitTrader, @jarxiao, @aadotsol, or @sydnytrn whenever you want to chat

@BardyGG @connan_james Burn Burnie for invite codes @0xShitTrader, that will show em

@raunit @PhoenixTrade phoenix.trade/gold got you