Where to enter the referral code
The official documentation offers two routes: entering a code on the Referrals page, or following a referral link. The following is a documented workflow; we have not published a connected-account activation test.
This site controls AWD and may earn referral rewards from eligible use. The standard protocol benefit is the same for every valid code.
- Open app.hyperliquid.xyz/referrals, or use the official AWD invite below. Check the domain before connecting.
- Connect or sign in with the account you intend to use. Confirm the address/account shown by the official app.
- Enter AWD when the Referrals screen offers manual entry, or follow the invite flow. Check the account’s referral status. Invitation text alone does not establish acceptance.
- Review the applicable fee information. If the code is rejected or the status is unclear, follow the official app’s current guidance. This site cannot attach or change a code.
If the code does not appear or the saving differs
The checks below cover common questions. We have not tested every account state. The connected account and official app determine acceptance. Do not assume an old account can switch codes or receive a retroactive discount.
| What you see | What to check |
|---|---|
| AWD appears only on the invite | Open the connected account’s Referrals screen. Invite text alone is not account acceptance. |
| A different wallet/account is connected | Check the account you intend to use. A referral status on one address does not establish another’s status. |
| Existing referral or rejected code | Use the official account status and support guidance. We cannot replace or attach a code. |
| A subaccount or vault gets no discount | Both are excluded from the referral discount. Subaccount volume shares the master fee tier; vault volume is separate. |
| The volume limit is reached | The referral window is volume-limited. Check remaining eligibility before extrapolating savings. |
| The total saving looks smaller than 4% | Compare eligible trading fees. Funding, execution-price changes and transfer costs are separate. |
| An interface adds a builder fee | A builder code is separate from a referral code. Review the approved rate and which fills it charges. |
The terms that matter before you activate
The published referred-trader benefit is 4% of eligible fees over the first $25M of volume. Vaults and subaccounts are excluded. The discount reduces a fee, not trade value. It is not a cash deposit bonus.
30%, 35% or lifetime: check which discount is being advertised
A 30% or 35% referral-code promise is not established by the published standard referral rules. Compare three different mechanisms before treating an advertised percentage as a benefit your account will receive.
We checked the official staking referral proposal on 18 Sept 2026. Its status notice says the design is being reconsidered and has no definitive implementation ready for mainnet. The revenue-sharing examples below that notice describe the original proposal. They do not establish a live higher-discount code or replace the standard referral volume limit.
A separate third-party cashback promise needs its own named payer, eligibility rules, payout terms and payment evidence. An invitation page or a quoted proposal does not verify that promise. Check the connected account’s current fee information before counting any saving.
- Published standard referral rules ↗
- Current staking fee tiers and account linking ↗
- Staking referral proposal and mainnet status ↗
| Mechanism | Published terms and status |
|---|---|
| Standard referral | 4% off eligible fees for the first $25M of volume. Vaults and subaccounts are excluded; the volume cap prevents a lifetime discount guarantee. |
| Your own HYPE staking | The fee schedule has staking discounts from 5% to 40%. The 30% tier requires more than 100,000 HYPE attributed to your trading account. Linked staking and trading accounts must be accounts you control; a referral code does not supply that stake. |
| Staking referral proposal | Still being re-evaluated: no definitive mainnet implementation is ready, according to its official status notice. Proposed referrer revenue sharing must not be presented as an available protocol benefit. |
Check the saving with an independent example
For a standard tier-0 perpetual taker fill, $100,000 × 0.045% = $45. A qualifying referral reduces that fee by $1.80, leaving $43.20. Two fills of the same size double these amounts. The examples are calculations, not executed trades.
Staking reduces the underlying fee before referral savings are calculated. A qualifying 5% staking reduction takes $45 to $42.75; a further 4% referral reduction takes it to $41.04. The extra referral saving is $1.71 in that scenario.
Our public-app check and its limits
On 18 Sept 2026, the logged-out official route displayed “You are invited to Hyperliquid from the referral code: AWD”.
We also opened a control route containing AUDITINVALID20260918X9Z. The app displayed an invitation with that supplied string too. Displaying the URL code is therefore not evidence that the code is valid, accepted by an account or applied to a fee.
This observation does not show that AWD is invalid. It shows that public invitation rendering is an insufficient verification method. We have not published connected-account acceptance or realized-fee evidence for AWD.
| Evidence type | Result and scope |
|---|---|
| Official route | https://app.hyperliquid.xyz/join/AWD |
| AWD invite | Supplied code displayed while logged out |
| Control invite | The arbitrary control string was displayed too |
| Account acceptance | Not tested in this public-page check |
| Realized fee saving | Not tested; no funds moved or trades executed |
| Observation date | 18 Sept 2026 |
Sources, dates and corrections
We keep official rules, public observations, modeled scenarios and connected-account experience separate. Review dates describe actual checks; they do not establish that an untested account action succeeded.
The repository includes a source-check script and calculation tests. A source check is a review aid, not proof that every upstream change is detected or that an always-on monitor is running. Current official account information takes precedence over this guide.
Why this guide accompanies AWD
The aim is to make the referral decision easier to check: clear exclusions, reproducible calculations, linked sources and explicit evidence limits. No exclusive higher rate is claimed.
Eligible use may generate referral rewards for this independent site. It does not establish endorsement by Hyperliquid or turn an account-specific outcome into a guarantee.
Frequently asked questions
Is AWD the best Hyperliquid referral code?
Under its published standard referral program, Hyperliquid provides a 4% discount for users of every valid referral code, subject to eligibility and the volume limit. AWD does not provide a higher protocol rate. This guide separates official rules from public observations, and the site may earn protocol referral rewards from eligible AWD activity.
Do Hyperliquid referral codes offer 30% or 35% off for life?
Not under the published standard referral program: the benefit is 4% off eligible fees for the first $25M of volume. Your own HYPE staking can reduce fees separately. The staking referral proposal is being re-evaluated and is not established as live. A third-party cashback promise needs separate terms and payment evidence; it is not a protocol guarantee.
Can I add a Hyperliquid referral code after creating an account?
The documentation offers manual entry on the Referrals page. The official app determines whether the connected account is eligible. We have not tested every existing-account state and cannot attach or change a code for you.
Does seeing AWD in the invitation verify the code?
No. Our control route also displayed an arbitrary supplied code. Invitation rendering does not prove code validity, account acceptance or an applied discount.
Does a referral code reduce funding or slippage?
No. Compare the eligible trading fee separately from funding, execution-price effects and transfer costs.