Hyperliquid Shakes Up the Game with New Fee System and Staking Tiers!

Buckle Up: Major Changes Coming May 5 at 03:00 UTC

Hang onto your hats, crypto fans! Hyperliquid, the buzz-worthy decentralized exchange, just dropped a bombshell. They're rolling out a wild new fee system and staking tiers starting May 5 at 03:00 UTC. Get ready for lower trading fees by staking HYPE, the platform's sizzling utility token.

Stake HYPE, Slash Fees: It's That Simple

Listen up, traders! Depending on how much HYPE you stake, you can snag trading fee discounts from a sweet 5% to a whopping 40%. We're talking six tiers of staking action, from the humble "Wood" level - just 10 HYPE gets you a 5% discount - to the elite "Platinum" and "Diamond" tiers. Stake over 100,000 or a mind-blowing 500,000 HYPE, and you're looking at a juicy 40% off your trading fees!

Perps and Spot Trading: New Rules, New Game

But wait, there's more! Hyperliquid's also shaking things up with separate fee standards for perpetual contracts and spot trading. They'll add your perpetual and spot volumes together to figure out your fee tier. And get this: spot volume counts double! That's right, double the impact on your fee tier.

Link Up and Level Up: Staking Meets Trading

Hold onto your seats, because Hyperliquid's got another trick up its sleeve. They're letting users link their staking and trading accounts on the testnet. That means you can take the staking discounts from one account and apply them to a different trading account. Talk about flexibility!

But here's the catch: once you link those accounts, it's for keeps. No going back. And the staking account won't get any fee discounts after linking. Full access to the trading account's funds? Yes. Staking discounts? Nope.

Hyperliquid says this account-linking feature will hit the scene soon after the new fee systems and staking tiers go live. Get ready to link up and level up!

From JELLY to HYPE: Hyperliquid's Rollercoaster Ride

Remember last month when Hyperliquid had to delist JELLY perpetual contracts? Yeah, that was wild. They took a $10.63 million hit after JELLY's price suddenly spiked 230%. The team smelled market manipulation, and they weren't taking any chances.

But now, with this new fee system and staking tiers, Hyperliquid's looking to put that drama behind them and focus on giving traders what they want: more control, more savings, and more HYPE!