> For the complete documentation index, see [llms.txt](https://bloomcapital.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bloomcapital.gitbook.io/docs/readme.md).

# ⚡️ What is Bloom?

Bloom is a decentralized perpetual futures exchange on **Circle Arc** — the USDC-native blockchain built by Circle, the issuer of USDC.

Trade crypto and U.S. equities with up to **1000x leverage**, long or short, settled entirely in USDC. No account registration. No broker hours. One asset for everything.

## Quick Start

{% columns %}
{% column %}

### 🚀 [Getting Started](/docs/getting-started/connect-wallet.md)

Connect your wallet, get testnet USDC, and open your first leveraged trade in minutes.

### 🏦 [Protocol Mechanics](/docs/protocol-mechanics/vault.md)

How the LP-free vault works, BUSD settlement, liquidations, and funding rate.
{% endcolumn %}

{% column %}

### 📈 [Trading Guide](/docs/trading-guide/markets.md)

Markets, order types, TP/SL, managing positions, fees, and a worked example.

### 🛡️ [Security](/docs/security/audit-status.md)

Risk management layers, attack scenarios tested, and current audit status.
{% endcolumn %}
{% endcolumns %}

## What makes it different

**No liquidity providers required.** Most DEXs need a pool of LP capital before anyone can trade. Bloom doesn't — the protocol itself is the counterparty to every position. The reserve has grown from $0 to \~605 USDC purely from trader margin.

**Gas paid in USDC.** On Arc, the gas token is USDC itself. You only ever need one asset: USDC for margin, USDC for gas, USDC when you profit.

**One transaction to open.** Margin approval, price update, and position open are bundled into a single wallet signature. No multi-step flows.

## Markets

| Market   | Category    | Max Leverage |
| -------- | ----------- | ------------ |
| BTC/USD  | Crypto      | 1000x        |
| ETH/USD  | Crypto      | 1000x        |
| SOL/USD  | Crypto      | 500x         |
| AAPL/USD | U.S. Stocks | 50x          |
| TSLA/USD | U.S. Stocks | 50x          |

Forex, indices, and commodities markets are coming — the UI already has those tabs ready.

## How it works in one paragraph

<figure><img src="/files/wk0VjvhTjutCJB6sIFhD" alt=""><figcaption></figcaption></figure>

## Status

Live on Circle Arc **testnet**. An independent external audit is required before mainnet. All figures in this documentation come from the live testnet unless stated otherwise.


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