Valantis and Pendle have introduced what they describe as the first public market for Hyperliquid trading fee discounts, opening access to lower fee tiers beyond direct HYPE staking or private transfers. Under the setup, traders can buy discounted fee levels, while HYPE stakers can sell those discounts to earn extra yield. The market went live on Aug. 27 and is set to run through Jan. 28, 2027. According to Valantis, the top 20,000 traders on Hyperliquid save about $40 million a year through fee discounts, yet roughly half of active traders have not staked because doing so requires locking up capital. Valantis said the new market works by tokenizing stHYPE yield, separating the discount from the underlying token so it can trade with its own market price. The item was carried by Chainwire and cited by Techub News.
Valantis and Pendle have launched what they describe as the first public market for Hyperliquid trading fee discounts, according to Techub News.
Under the model, any trader can now buy access to lower fee tiers, while HYPE stakers can sell discounts for added yield. The market went live on Aug. 27 and will remain active until Jan. 28, 2027.
Before this launch, discounts were available only through direct HYPE staking or private transfers. Valantis said the top 20,000 traders on Hyperliquid save about $40 million per year through discounts, but roughly half of active traders have not staked because they would need to lock up capital.
Valantis said the new market tokenizes stHYPE yield, separating the discount from the underlying token and allowing it to carry an independent market price.
The source cited for the announcement was Chainwire.
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