Fees
Trades on the Hyperdash Terminal incur a 1.5bp builder fee (0.015%) on top of the competitive base hyperliquid fee structure (https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees). Traders are eligible for fee cash backs based on their tier, determined by their trading volume. Trading volume and quests unlock further tiers which let you get a bigger cut of referral rewards as well as cash back. Referral rates apply only to direct referrals.
Referrals
Referrals rewards are earned on multiple levels.- Level 1 (direct referrals): Based on your Tier, e.g Wood: 10%
- Level 2 (Referred referrals): 4% of level 1
- Level 3 (Referred referrals referrals): 1% of level 2

