USDH Stablecoin Vote Hyperliquid Fee Cut

Hyperliquid Reduces Trading Fees and Opens USDH Validator Vote

• Hyperliquid will cut spot trading fees by 80% to improve liquidity and user experience.
• The protocol is initiating an on-chain validator vote to select a team for the USDH stablecoin ticker.
• Teams interested in acquiring the USDH ticker must submit proposals with their deployment address and participate in a spot deploy gas auction.
• Validators will use Hyperliquid L1 transactions to approve a user address for purchasing the USDH ticker, following the same mechanism used for delisting votes.
• The platform plans to make spot quote assets permissionless, starting with testnet implementation, including staking requirements and slashing criteria.

Hyperliquid is set to enhance liquidity by reducing spot trading fees by 80% and opening an on-chain validator vote for its USDH stablecoin ticker. Teams must submit proposals and participate in a gas auction to acquire the ticker. Validators will approve purchases through Hyperliquid L1 transactions.