New changes at Hyperliquid: Staking tiers and fee revision

New changes at Hyperliquid: Staking tiers and fee revision

Hyperliquid, a decentralized crypto exchange (DEX) for perpetual contracts, is introducing new features. Starting on November 1, 2023, there will be adjustments in fee structures and staking options for the native HL token.

Details of the new fee model

Hyperliquid announces fees for active traders on its platform. Currently, the fee structure allows for discounts on standard charges, calculated based on monthly trading volume. This should remain unchanged in principle. However, from November 2023, a more elaborate tier system for fees will be implemented, sorting traders into Bronze, Silver, Gold, and Diamond categories. For the Gold and Diamond level, Hyperliquid doesn’t yet publish exact fees but clarifies that they will be more favorable than the standard terms.

Staking for HL token becomes more lucrative

It’s official: on Hyperliquid’s own blockchain, the HL token will also play a more prominent role. Tokens that are now staked at Hyperliquid will be included in tier calculations shortly before November 2023. Thus, participants can profit from transaction-related benefits, even with smaller monthly trading amounts than previously required. More critical will be the staking amount of HL tokens.

Implementation of tiers and planned features

In the coming weeks, Hyperliquid wants to announce details about how exactly account statuses are calculated. One aspect will be the number of HL tokens actively staked, the second will be the monthly activity on the DEX. In addition, improvements in the user interface and minor innovations are planned for Hyperliquid as the community looks forward to updates concerning mobile applications.