The Hyperliquid Referral Program is one of the great ways in which traders can get compensated for bringing in additional traders to the ecosystem. In its unique architecture, this program is directed toward rewarding both referrers and referees alike in a very symbiotic manner. Users are able to share a referral code whereby they will be able to earn from the trading activity on Hyperliquid, further building its community. Here’s a comprehensive guide to how the referral program works, its benefits, and how you can make the most of it.

How to Create a Hyperliquid Referral Code

Creating a referral code on Hyperliquid is straightforward, but there’s a prerequisite: you must first achieve a trading volume milestone.

1. Meet the Trading Volume Threshold

You get a referral code when you reach $10,000 in aggregate trading volume: buys and sells. It aggregates all of Hyperliquid’s trading.
The sum is your aggregate market activity, meaning a condition where only active participants qualify.

2. Generate Your Code

At this threshold of $10,000, once you have reached it, please create your referral code by visiting Hyperliquid Refferal Program.
Your code is permanent, so be careful; it cannot be changed after it’s created.

3. Share Your Hyperliquid Referral Link

When you create a referral code, once you have done that, you will be provided with a share link, something like app.hyperliquid.xyz/join/YOURCODE. Here, new users will get connected directly to your referral link.

Benefits of Hyperliquid Referral Program

The Hyperliquid Referral Program rewards both the referrer and the referee.

For Referrers:

Earn 10% of the trading fees paid by users who join using your referral code.
The rewards apply to the referred user’s first $1 billion in trading volume, giving you significant earning potential if the referred user trades actively.
Your earnings are directly tied to the trading activity of your referrals, encouraging you to invite skilled traders who will engage long-term on the platform.

For Referees:

Users who join using a referral code receive a 4% discount on trading fees, which reduces their cost of trading on the platform.
The discount applies to the first $25 million in trading volume, allowing users to enjoy substantial savings during their early trading journey.

How to Use a Referral Code

Joining Hyperliquid with a referral code is simple and user-friendly.

Visit the Hyperliquid Refferal Program.
Enter the referral code shared with you or click a friend’s unique referral link.
Once the code is applied, you’ll benefit from the 4% fee discount while trading on Hyperliquid.

Note: Referral discounts are not applicable to vaults or sub-accounts, as these are treated as separate entities within the clearinghouse.

Maximizing Your Rewards and Volume

Reaching the $10,000 trading volume threshold to generate your Hyperliquid referral code might seem daunting, but with the right strategy, it’s achievable.

Monitor Your Progress

Use the “Trade History” tab to track your cumulative trading volume and calculate how much more you need to reach the threshold.

Efficient Trading

Trade with small spreads or use market and limit orders strategically to minimize losses.

Utilize Available USDC

Deposit USDC into your Hyperliquid account and leverage it to buy and sell HYPE tokens or other available assets, gradually building up your trading volume.

Once you’ve created your Hyperliquid referral code, encourage friends, colleagues, and trading groups to join. The more active traders you refer, the more significant your rewards.

Program Limitations

While the referral program is generous, there are a few important limitations:

There are trading-volume limits imposed on these types of bonuses, whereby rewards will only be issued on the first $1 billion in volume, while rate discounts are only eligible on the first $25 million.
No Affiliate Program: There isn’t any sort of affiliate program with Hyperliquid at this time, so strictly earnings are based on referral activity.

Why Join the Hyperliquid Referral Program?

The Hyperliquid Referral Program is more than just a way to earn rewards; it’s an opportunity to contribute to the growth of a thriving trading ecosystem. Whether you’re a seasoned trader or new to the platform, this program offers a simple and rewarding way to engage with Hyperliquid.

For referrers, the 10% fee reward creates a reliable stream of passive income from active referrals. Meanwhile, referees enjoy a 4% fee discount, making their trading experience more cost-effective. Together, these benefits enhance the platform’s user experience and foster a collaborative community.

By participating in the referral program, you not only increase your earning potential but also support the platform’s mission to create a seamless and innovative trading environment. Start trading, build your network, and enjoy the rewards of growing Hyperliquid’s ecosystem.

For more information about Hyperliquid, visit MevX Blog!