BULK AURA Dilution: How Season 1 Pre-Deposit Timing Played Out (Historical)

Season 1 pre-deposits closed September 5, 2026 when BULK mainnet launched — this calculator and the analysis below are now historical. Every pre-deposit converted automatically to trading margin; deposit size no longer drives AURA. For how to earn AURA now, see the mainnet AURA guide.

During Season 1, every Saturday that passed grew the AURA pool and compounded early depositors’ share of it. Here’s exactly what deposits earned at different sizes and entry times over the life of the campaign, and why timing mattered as much as it did.

How AURA Works: Your Percentage of a Growing Pool Shrinks Every Saturday

AURA is not a token. It’s a points system that determines your share of 30% of the total $BULK supply at launch.

Every Saturday at 13:00 UTC, 1,000,000 AURA is split between all active depositors — proportional to how much USDC they’ve deposited and how long it’s been in. The more you deposit and the longer you’ve been in, the bigger your slice of each weekly distribution.

What matters: your percentage of total AURA at TGE, not your raw count. The pool grows every week. Being early means your AURA represents a larger share of a smaller pool.

What You’d Earn: Early vs Late

Update — June 22, 2026: Total gross deposits have reached $39.5M, up from $27.7M current TVL ($32.4M gross) at the week 2 mark (June 9), which itself grew from $20.6M at Snapshot 1 (June 6). The dilution curve has moved faster than projected — a late-June entry now behaves like the “$40M” row below, not the “$20M” row. Every Saturday from here widens the denominator further — the earlier you are, the more each point is worth as a percentage of the total pool at TGE.

This table shows estimated AURA accumulated by a $500 depositor entering at different TVL levels and holding through to TGE.

A depositor who entered at $2.5M TVL earned far more AURA than one entering at $39.5M on the same $500, because they held through more snapshots when their share of each pool was largest. This gap is now fixed — the pool stopped growing when pre-deposit closed at mainnet launch.

This gap is permanent. You cannot retroactively earn AURA for time you weren’t deposited.

Three Depositor Scenarios: $200, $1,000, and Full-Send $5,000

These are illustrative scenarios using community modeling at $2B FDV — not projections. All figures are speculative.

Alex — “Just seeing what this is”

• Deposits $200 in week 1, holds 12 weeks
• Earns ~55 AURA
• At 12-week campaign ($48/AURA scenario): ~$2,600
• Capital: $200, withdrawable any time

Jordan — “Serious airdrop farmer”

• Deposits $1,000 in week 1, holds 26 weeks
• Also holds some BulkSOL for additional AURA vector
• Earns ~500 AURA combined
• At 26-week campaign ($23/AURA scenario): ~$11,500
• Capital: $1,000 + BulkSOL position, withdrawable

Sam — “Full send”

• Deposits $5,000 in week 1, holds 26 weeks
• Runs the PT-BulkSOL loop on Loopscale for amplified AURA
• Earns ~2,500+ AURA across vectors
• At 26-week campaign ($23/AURA scenario): ~$57,500
• Capital: $5,000 deployed across pre-deposit + loop position

All scenarios use community FDV modeling ($2B FDV, 30% community pool = $600M). Token price, total supply, and AURA conversion rate are all unconfirmed. These are directional sizing tools, not financial projections.

The Community Math at $2B FDV

Community modeling from the BULK Telegram:

$2B FDV × 30% community allocation = $600M airdrop pool
$600M ÷ total AURA at TGE = value per point

None of this is confirmed. Hyperliquid’s HYPE token peaked at $28 on a comparable community allocation structure. BULK could outperform or underperform significantly — see the HYPE comparison for the full breakdown.

Why Being Early Compounds

The formula is cumulative. Every week you’re deposited through a snapshot, you earn that week’s allocation. Holding $500 for 12 weeks is not the same as holding $6,000 for 1 week.

Time held is the variable people consistently underestimate. A wallet with $1,000 deposited from week 1 and held for 26 weeks accumulates substantially more AURA than a wallet deploying $10,000 in week 20 and holding for 6 weeks.

The compression rate:

Every Saturday the pool grows. If you’re in early, you’re locking in a percentage from when it was small. If you enter late, you’re buying into a much larger denominator.

The Whale Dynamic

The formula is linear — $10K deposits earn exactly 20x the AURA of a $500 deposit at the same TVL. Large wallets will enter. TVL will grow. Per-dollar AURA earnings will compress.

A single $5M deposit at today’s $27.7M TVL would represent ~18% of current TVL. Whales are already in — the three largest wallets at Snapshot 1 alone held ~$3.2M, and the top 100 wallets controlled ~65% of TVL. The question is whether you’re earning alongside them before TVL grows further.

Already Have OG AURA?

If you received retroactive AURA from BulkSOL holding, alphanet, testnet, or early Discord roles (OG role: 308–309 AURA, Contributor role: 617 AURA — on-chain values from the Season 1 leaderboard dataset) — it’s permanently issued and won’t decrease.

What changes is its percentage of the total pool as weekly distributions continue. Your OG allocation creates a head start on anyone entering now. But it compresses every Saturday the pool grows without you adding depositor AURA on top of it.

The fix is the same: deposit before the next Saturday snapshot and let the depositor allocation compound alongside what you already have.

What to Do Now That Pre-Deposit Is Closed

The dilution dynamic above is historical — Season 1 pre-deposit closed September 5, 2026. AURA is now earned through mainnet trading activity, referrals, and BulkSOL holding rather than deposit timing.

See what happened to pre-deposit and how to get mainnet access and the mainnet AURA guide for the current earning vectors.