Hyperliquid, a prominent decentralized exchange, has announced the release of HIP-3 Growth Mode, a breakthrough feature designed to make market creation more accessible, cost-effective, and efficient. This innovative update is set to lower entry barriers for traders and deployers alike, bolstering engagement, liquidity, and driving momentum across the platform.
What is HIP-3 Growth Mode?
HIP-3 introduces a revolutionary ‘Growth Mode’ for assets, enabling deployers to significantly reduce trading costs. When activated, this mode slashes taker fees, rebates, and volume-based contributions by over 90%, making trading more cost-effective than ever before. One of the most compelling aspects of this feature is its permissionless nature—anyone can activate it without prior approval.
Here’s a breakdown of the reduced trading fees under Growth Mode:
- Standard taker fees drop from 0.045% to as low as 0.0045%-0.009%.
- Aligned collateral assets could see fees reduced to 0.0036%-0.0081%.
- With maximum staking and volume benefits, fees can diminish to an impressive 0.0014%-0.00288%.
Kicking Open Doors to Innovation
Growth Mode’s design isn’t just about reducing fees—it also paves the way for unconventional, niche market creation. This incentivizes the deployment of innovative asset classes, which are often overlooked by traditional exchanges. The HIP-3 Growth Mode could be a game-changer for those looking to trade exotic commodities, tokenized real-world yields, and more.
As one prominent crypto enthusiast noted, this update is like “a turbo-boost for innovation on the fastest Layer 1 for derivatives.” They emphasized that traders should expect razor-thin spreads and high volumes, further bolstering Hyperliquid’s position in the expanding derivatives market.
Rules and Limitations
To ensure the functionality remains sustainable, Growth Mode introduces a few pivotal rules:
- The deployer fee scale is capped between 0 and 1, representing the percentage of fees retained before discounts.
- A 30-day cooldown period applies after enabling Growth Mode for any specific asset.
- Ineligible markets include crypto indexes, ETFs, wrapped assets, and perps tracking existing validators like gold, with no overlaps on markets like PAXD-USDG.
Exciting Times for the Crypto Community
The response to HIP-3 Growth Mode has been overwhelmingly positive in the cryptocurrency community. By slashing trading costs and fostering innovation, Hyperliquid is positioning itself as a leader in the evolution of decentralized exchanges. Moreover, HYPE token holders may also witness substantial benefits as the platform gains traction in the derivatives ecosystem.
Get Ahead in Crypto Trading
To take advantage of this groundbreaking feature, visit Hyperliquid’s platform to explore more about HIP-3 Growth Mode. With lower trading fees and limitless potential for new market creation, there’s no better time to dive into the decentralized trading revolution.
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