Hyperliquid Referral Rewards and Trading Fee Discounts
Summary
This document explains how Hyperliquid referral codes affect trading fees and referral rewards. A trader can create a code after reaching $10,000 in trading volume. The referrer receives 10% of referred users’ fees after accounting for their fee discounts, while users who apply a code receive a 4% fee discount. Both rewards and discounts have stated volume limits, and referral rewards can be claimed after they exceed $1. Claimed rewards are added to the referrer’s spot balance.
The terms differ by account type and activity: referral rewards apply across quote assets, while discounts do not cover vaults or sub-accounts, which the clearinghouse treats as independent accounts. These details can help traders assess fee costs or the value of referring other users. The document describes the program’s rules but provides no comparison with other venues, worked examples of effective fees, or evidence about how often users reach the volume thresholds.
Key ideas
- A referral code can be created after $10,000 in trading volume.
- Referrers receive 10% of referred users’ fees after applicable fee discounts.
- Users applying a referral code receive a 4% fee discount within the stated volume limit.
- Referral rewards can be claimed after exceeding $1 and are credited to spot balance.
- Referral discounts do not apply to vaults or sub-accounts.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.