Hyperliquid Referral Code

What is a Hyperliquid Referral Code?

A Hyperliquid referral code is given to users who have traded over $10,000 on the platform. This code enables them to invite others to join Hyperliquid, earning 10% of the taker fees from the referred users, while the new users receive a 4% discount on their taker fees. The referral benefits apply to the first $1 billion in trading volume for the referred user, with the discount valid for the first $25 million.

Referral codes can be generated and shared directly through the Hyperliquid platform. Note that these discounts do not apply to vaults or sub-accounts, as they are treated as separate entities.

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How to Get a Hyperliquid Referral Code

To get a Hyperliquid referral code, you'll need to meet specific trading requirements on the platform. This process not only allows you to invite others to join Hyperliquid but also provides you with the opportunity to earn rewards from their trading activities.

Follow these steps to obtain your referral code:

1. Sign Up on Hyperliquid: Start by visiting the Hyperliquid platform and signing up. Connect your Web3 wallet, such as MetaMask or Coinbase Wallet, to get started.
2. Deposit Funds: Once signed up, deposit USDC into your account. This can be done using the Arbitrum network.
3. Start Trading: Trade a total of $10,000 USDC or more on the platform. This trading activity qualifies you to receive a referral code.
4. Create Your Referral Code: After reaching the $10,000 trading milestone, head to the referrals page on Hyperliquid. You can then create and share your unique referral code.

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Do I Earn Hyperliquid Points through Referral Volume? 

Yes, you can earn Hyperliquid Points through referral volume. Points are awarded to affiliates based on the activity of their referred users. In the initial phase, affiliates earned 1 point for every 4 points their referrals earned. In the current L1 phase, starting May 29, 2024, this has been adjusted to 1 point for every 5 points earned by referred users.

Points are distributed weekly based on activity, with updates to the criteria occurring regularly. Affiliates need to reapply for each new phase, and Hyperliquid may adjust points distribution at its discretion.

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About Hyperliquid

Hyperliquid is the largest decentralized perpetual exchange, exceeding $1 billion in daily trading volume. It operates on a custom Layer 1 blockchain with instant transaction finality (<1 second), advanced order types, and up to 50x leverage. 

Combining the efficiency of centralized exchanges with on-chain transparency, Hyperliquid features zero gas fees, low taker fees, and a fully transparent order book, enabling fast, one-click trades directly from TradingView.

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Bottom Line

In summary, Hyperliquid offers a powerful platform for decentralized perpetual trading with the added benefit of earning points through its referral program. These points could be valuable for the platform's upcoming airdrop, making it an excellent opportunity for users to maximize their rewards while enjoying low fees and advanced trading features.