Hyperliquid is set to roll out a revamped fee discount system and a new account linking feature on May 5, 2025, at 03:00 UTC. These updates aim to enhance trading incentives and user flexibility on the platform.
The update’s core is a tiered fee discount system that rewards users for staking HYPE, Hyperliquid’s native utility token. The platform will introduce six staking tiers, each corresponding to different staking amounts, and offer trading fee discounts ranging from 5% to 40%.
Hyperliquids trading fee discount system starts May 5, requiring staked HYPE. The Wood tier (10+ HYPE) offers a 5% discount. Higher tiers like Platinum (100,000+ HYPE) and Diamond (500,000+ HYPE) provide up to 40% off, incentivizing greater user engagement through significant fee reductions for larger token stakes.
Hyperliquid will also implement distinct fee schedules for perpetual contracts and spot trading. User fee tiers will be calculated by combining trading volumes from both markets, but spot trading volume will count double toward tier qualification. This approach incentivizes spot trading activity while maintaining a balanced fee structure across different products.
The platform is also introducing a new account linking feature on its testnet alongside a revised fee system. This feature allows users to connect their staking account to a trading account, enabling the trading account to benefit from any staking fee discounts earned. While the linked trading account will have full access to its funds, the staking account will forfeit its fee discounts. Once linked, the account connection is permanent and cannot be undone. This enhancement gives users greater flexibility in managing multiple accounts while optimizing the application of staking benefits.
Last month, Hyperliquid faced significant losses after delisting JELLY perpetual contracts. The platform incurred a $10.63 million loss following a sudden 230% price surge in the JELLY token, which Hyperliquid attributed to suspected market manipulation. This incident underscores the platform’s ongoing efforts to improve risk management and user experience.
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