Decentralized exchange Hyperliquid is introducing a revamped fee system with tiered discounts for staking and separate fee schedules for perpetual contracts and spot trading. This update goes live on May 5th, 2023 at 03:00 UTC, alongside account linking features. Users can enjoy lower trading fees when they stake the platform’s utility token, HYPE, unlocking a range of discounts from 5% to 40% based on their staking tier. The six-tiered system utilizes the amount of HYPE staked to determine corresponding fee reductions. Perpetual contracts and spot trading volume are combined to determine user fee tiers, with spot volumes being counted twice for calculating the fee tier.