So, Hyperliquid’s got this fancy new way to slap fees on you—but hey, they’re calling it a “system,” like it’s organized or something. They’re rolling out tiers for staking and juggling separate fee schedules for those fancy-sounding perpetual contracts and spot trading. Sounds thrilling, right?
Starting May 5 at some ungodly hour (3:00 UTC, because who even knows what time zone they live in?), they’ll finally unleash this glorious new fee fiesta. Stake some of their shiny token, HYPE—no, not just the feeling—and boom, they’ll maybe give you a discount. That’s if you’re lucky—or rich.
They’ve got SIX (yeah, six!) staking tiers. The lowest one’s called “Wood,” which sounds like you’re trying to get a discount for bringing sticks to a gunfight. Stake 10 HYPE and you get a 5% fee cut. Wow, thrilling incentives. Then there’s “Platinum” and “Diamond” tiers if you want to throw a small fortune into staking—50% or 100% discounts? Nah, max 40%, once you dump over 100,000 or 500,000 HYPE tokens. Sure, why not. Make it rain.
Oh, and here’s the best part! They’re splitting their fee rules for perpetual contracts and spot trading, because clearly one fee wasn’t confusing enough. They’re gonna combine your volumes but treat spot volume like it’s double—because math is just a suggestion on this planet.
Wait, there’s more! Now you can link your staking and trading accounts on their testnet. Why? So you can get staking discounts on another account, because linking your financial lives is what everyone dreams of. And don’t get any ideas about unlinking—once you’re tied, you’re stuck. Forever. Like a bad relationship.
Apparently, this feature goes live just after the fee system debuts, because Hyperliquid loves to keep us on our toes. They also mentioned they lost $10.63 million last month after some token called JELLY went nuts with a 230% price spike. Manipulation? Of course! Who needs stability when you’ve got drama?
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2025-04-29 12:34