The decentralized exchange Hyperliquid announced the implementation of a new fee system that includes different staking tiers and separate rates for perpetual contracts and spot trading.
New Fee System
Hyperliquid has announced the launch of its new fee calculation system, effective May 5 at 03:00 UTC. The new system includes lower trading fees for users who stake HYPE, the platform's utility token.
Staking Tiers and Discounts
The staking system features six tiers, with trading fee discounts of up to 40%. The lowest tier, called 'Wood', requires a minimum stake of 10 HYPE and offers a 5% discount. Higher tiers, such as 'Platinum' and 'Diamond', offer discounts for stakes above 100,000 and 500,000 HYPE respectively.
Account Linking and Additional Changes
Hyperliquid will also introduce separate fee standards for perpetual contracts and spot trading, with spot volume counted at double its amount. Users will have the ability to link their staking and trading accounts on the testnet, allowing discounts from one account to apply to another. This linking feature is a permanent action and cannot be undone.
These changes to the fee system and staking tiers aim to enhance trading conditions for Hyperliquid users, offering more competitive rates and new functionalities.
