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Introducing Staking Tiers Staking tiers will be determined by the amount of HYPE staked. The initial benefit of staking tiers is reduced trading fees. These updates are expected to go live on or after April 30 to give users time to adjust. As part of this update, the overall fee system will be reworked. The new fee system will have the following properties: 1. Even without staking discounts, perp and spot fees are lower than CEXs for most users. 2. Fee sensitive users can stake HYPE to benefit from even lower fees than the existing system. 3. Protocol revenue is projected to increase. 4. HYPE will have more utility for users. What else is changing: + Separate fee schedules for perps vs spot + Spot volume counts double toward your fee tier What is not changing: + Maker rebates based on % of total maker volume + Perps and spot volume combined to determine your fee tier For more details, see the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees.