Perpetual Decentralized Exchanges (Perp DEXs) in DeFi often share common themes and design elements, forming an industry standard for trading platforms. At Bloom, we decided to take a different path, focusing on making perps trading fun and simple again. This fresh approach has welcomed many first-time perp traders to place their initial trades on Bloom, inspiring us to keep innovating and providing the best trading experience for our users.

The following article is meant to provide a technical post-mortem and analysis of the Bloom Rebasing Yield Exploit, taking place on May 9th, 2024.

Welcome to Bloom! In our mission to make perps trading and liquidity providing (LPing) as easy as possible, we’re kicking off a new educational series, starting with “Liquidity Providing 101.”

🍄At Bloom, our mission is clear: make leverage trading and betting fun again. To bring us closer to this mission, we are excited to announce the launch of the "Trippy Traders" Discord role. With over $200 million in total trading volume and 4000 users it's time to recognise  our active traders and build the Bloom trading community. This is an exclusive badge of honor for our top shrooms who give their best to Bloom.

We’re excited to share details on how to participate in our early liquidity provider program. Community continues to be one of our core priorities, and early liquidity providers who align with our long-term vision and contribute to bootstrapping our protocol will be appropriately rewarded.