Hyperliquid Referral Code: COMPOUND
Hyperliquid referral code COMPOUND gives eligible traders 4% off trading fees for their first $25M in volume. How to apply it, what it saves, and the official rules.
Hyperliquid referral code
COMPOUND
Not for restricted jurisdictions, including the United States and Ontario. Terms set by Hyperliquid, checked 2026-09-26.
The HypeBasis Hyperliquid referral code is COMPOUND. Enter it on the official Hyperliquid referrals page, or open the app through the join link, before you start trading. Under the official rules, an eligible referred account gets a 4% discount on trading fees for its first $25M in volume. HypeBasis, as the referrer, receives 10% of your fees after that discount. The code does not change your fee tier, your staking discount, or any trading risk.
Off trading fees for an eligible referred account's first $25M in volume.
Of the referred user's fees, less the discount, for their first $1B in volume.
Trading volume an account needs before it can create a referral code.
Source: official Hyperliquid referral docs, reviewed 2026-09-26.
- 2026-09-26Rechecked referral terms against the official referral and fee docs; no rate changes. Added a savings calculator that shows the referrer reward alongside your savings, a worked savings table, how to create your own code, a troubleshooting list, and a clearly flagged note on unverified claims about when a code can be added.
- 2026-06-01Moved the referral CTA below the eligibility, risk, and who-should-not-use checks so restricted readers see warnings first.
- 2026-06-01Referral term cards now cite the official Hyperliquid referral docs next to each exact number.
- 2026-05-26Rechecked referral discount and reward volume caps against the official docs; no rate changes found.
Before you use a code
- You are not in a restricted jurisdiction, including the United States and Ontario.
- You will enter the code from the same wallet you plan to trade with.
- You understand maker, taker, one-way, and round-trip fees. Use the fee calculator if not.
- You know the discount does not remove funding, slippage, liquidation, protocol, or oracle risk.
Who should not use this code?
- You are in Ontario, the United States, or another restricted jurisdiction.
- You do not meet the interface, eligibility, or terms requirements.
- You have not verified the official app URL, connected wallet, and current referral terms.
- You are treating a fee discount as a reason to trade larger, use more leverage, or skip liquidation checks.
Apply the code with the join link
The link opens the official Hyperliquid app with COMPOUND filled in. The code changes eligible fees only. It does not answer access, suitability, transfer, leverage, or liquidation questions.
Affiliate disclosure: we may earn referral rewards if you use this link.
How to use a Hyperliquid referral code
- 1Confirm you are not in a restricted jurisdiction. That includes the United States and Ontario.
- 2Open app.hyperliquid.xyz/referrals, or use the join link, which fills in COMPOUND for you.
- 3Connect the wallet you plan to trade from. The discount belongs to that account, not to vaults or sub-accounts.
- 4Enter COMPOUND if the field is empty, then confirm before placing your first trade.
- 5Check that the referrals page shows the code as applied. Then estimate your fees before you open a position.
Not sure whether you can add a code after you have already traded? The official docs do not say. Enter it before your first trade and confirm it shows as applied.
How much will a referral code save you?
Enter your expected monthly trading volume. The model applies the official fee schedule, your maker/taker mix, and any HYPE staking discount, then takes 4% off the first $25M of volume. It also shows what the referrer would receive, so the economics are visible on both sides.
Fees $90.00 without a code, $86.40 with one. Blended rate 0.0360%.
- Discount lasts
- 100 months
- Total savings to cap
- $360.00
- Referrer receives / mo
- $8.64
Assumes the same tier and mix until you reach $25M in referred volume. Real fees also depend on HIP-3 market settings, quote asset, and daily UTC fee assessment. The referral discount does not reduce funding, spread, slippage, or liquidation risk.
How much the referral code saves at each volume
Worked example at the Tier 0 perp taker rate of 0.045%, with no staking discount. Maker orders, higher tiers, and staking all lower the fee, so the 4% is worth less in dollars.
| Volume traded | Fees without code | Saved with code |
|---|---|---|
| $10,000 | $4.50 | $0.18 |
| $100,000 | $45.00 | $1.80 |
| $1,000,000 | $450.00 | $18.00 |
| $5,000,000 | $2,250.00 | $90.00 |
| $25,000,000 | $11,250.00 | $450.00 |
$25M is the discount cap. Volume after that is charged at your normal rate.
What the referral terms mean
First $25M volume
The user discount applies only up to the referred user's first $25M in volume.
What it changes: High-volume traders should check when the discount stops.
First $1B volume
Referrer rewards apply to the referred user's first $1B in volume.
What it changes: This is why referral revenue depends more on volume than on signup count.
Vaults and sub-accounts
The official docs say referral discounts do not apply to vaults or sub-accounts.
What it changes: Traders using more complex account structures should verify the discount on the account they trade from.
Staking and fee tiers
The official fee formula applies the referral discount as a separate multiplier alongside the staking discount and your volume tier.
What it changes: All three can lower the same fill, and the referral share is the smallest of them for most active traders.
Referral codes that promise bonuses or cashback
Hyperliquid sets one referral discount, 4% on the first $25M of volume, for every valid code. Anything a code promises on top of that, such as $100 bonuses, 30% rebates, or lifetime cashback, is paid by the referrer out of their own 10% reward through a separate program. Hyperliquid does not guarantee those payouts. Check who pays, when, and on what conditions before choosing a code for its bonus.
When the discount stops
The 4% applies until your account reaches $25M in volume. After that, your fees go back to your normal tier and staking rate. Most traders never reach the cap. A trader doing $250,000 a month would take more than eight years.
Referral discount versus fee tiers and staking
Your 14-day weighted volume sets your base tier, and staked HYPE can take 5% to 40% off. The referral discount is applied on top of both. For active traders, reaching a higher tier or staking HYPE usually saves more than the referral code does, and all three can apply together.
Hyperliquid referral code FAQ
What is the best Hyperliquid referral code?
Every valid Hyperliquid referral code gives the same 4% fee discount on your first $25M in volume, because Hyperliquid sets the discount, not the person sharing the code. Codes that promise more, such as larger rebates, cash bonuses, or lifetime cashback, rely on the referrer paying you out of their own reward, which Hyperliquid does not guarantee. COMPOUND gives the standard discount with nothing extra promised.
How much does the Hyperliquid referral code save?
It saves 4% of the trading fees you pay on your first $25M in volume. At the Tier 0 perp taker rate of 0.045%, that works out to $1.80 per $100,000 traded, or $450 across the full $25M. Maker orders, higher volume tiers, and staking discounts lower your fees, which also lowers the dollar value of the 4%.
Can I add a referral code after I've already started trading?
The official docs say you can enter a code on the referrals page or use a referral link, but they do not say whether that works after you have traded. Several third-party guides say the code has to be applied before your first trade. To be safe, enter it first and check that the referrals page shows it as applied.
Does the referral discount stack with the HYPE staking discount?
Yes. The official fee formula multiplies the fee rate by one minus the active referral discount, and applies the staking discount separately. For example, a Bronze staker with a 10% discount and an active referral pays 0.045% × 0.90 × 0.96 on Tier 0 perp taker fills.
What does the referrer earn?
The official docs say referrers receive 10% of referred users' fees, less any fee discount, for the user's first $1B in volume. If you use COMPOUND, HypeBasis receives that reward. The calculator on this page shows the amount next to your savings.
How do I create my own Hyperliquid referral code?
Once your account has done $10,000 in trading volume, the official docs say you can create a code on app.hyperliquid.xyz/referrals. Your share link then uses the format app.hyperliquid.xyz/join/YOURCODE. Rewards build up across quote assets, can be claimed once they pass $1, and arrive in your spot wallet.
Why is my Hyperliquid referral code not working?
The usual causes are: the code was entered on a different wallet from the one you trade with, you are trading from a vault or sub-account (neither gets the discount), your account already has a referrer, or the interface is not available where you live. Check the referrals page while connected to your trading wallet.
Can I use a referral code with a vault or sub-account?
No. The official referral docs say referral discounts do not apply to vaults or sub-accounts because the clearinghouse treats them as independent accounts.
Does a referral code make trading safer?
No. A referral code may lower eligible fees, but it does not change leverage, liquidation, funding, or protocol risk.
Is this site independent?
Yes. HypeBasis is an independent educational site, not affiliated with Hyperliquid, and may earn referral rewards if you use our code or link.
Fee calculator
- Schedule
- Perp tier 0
- Execution
- taker · 2 legs
- Base rate
- 4.50 bps
- Discounts
- None modeled
Affiliate disclosure: HypeBasis may earn referral rewards from eligible link use. The toggle models the documented 4% discount only for qualifying volume within the first $25M cap; it cannot verify your remaining eligibility.
Uses the official base fee table for tiers 0-6, then applies the selected referral and staking-discount assumptions. It does not read your account `userFees`, aligned quote assets, HIP-3 growth mode, deployer fee share, funding, slippage, liquidation, or builder fees.
Related guides
Use the referral page together with the fee and restriction pages before trading.
Official referral page
Always verify the current referral status and account-specific eligibility in the official interface before relying on a discount.
Open official referrals pageSources
2 references · ExpandCollapse
- Hyperliquid Docs: ReferralsAccessed 2026-08-20Supports: Referral discount, referrer reward mechanics, referral volume limits, and vault/sub-account referral treatment.
- Hyperliquid Docs: FeesAccessed 2026-08-26Supports: Rolling 14-day volume tiers, perps and spot fee schedules, HIP-3 deployer fee scale and growth mode, strict HYPE staking-tier thresholds and discounts, referral fee formula and limits, staking-account linking risks, fee-model caveats, fee distribution to HLP, the assistance fund, and deployers, the assistance fund system address, and burn recognition of assistance-fund HYPE.