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Hyperliquid to Introduce Stablecoin USDH Voting Mechanism in Next Network Upgrade and Reduce Some Spot Fees
Summary: According to official sources, Hyperliquid will optimize the spot market structure in the next network upgrade, reducing spot trading fees, order rebates, and user trading volume contributions between two spot quoted assets by 80% to enhance liquidity and reduce user friction. Additionally, the stablecoin code USDH currently retained by the protocol will be released through ...
According to official sources, Hyperliquid will optimize the spot market structure in the next network upgrade, reducing spot trading fees, order rebates, and user trading volume contributions between two spot quoted assets by 80% to enhance liquidity and reduce user friction. Additionally, the stablecoin code USDH currently retained by the protocol will be released through an on-chain validator voting process. The voting will take place entirely on Hyperliquid L1, similar to delisting voting, with the selected team participating in regular spot deployment gas auctions. Officials stated that USDH, as a high-demand standard code, will be used to build a compliant, Hyperliquid-preferred native stablecoin. In the future, spot quoted assets will gradually move towards permissionless, with related staking and penalty mechanisms to be announced later.
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Link: Hyperliquid to Introduce Stablecoin USDH Voting Mechanism in Next Network Upgrade and Reduce Some Spot Fees [Copy]
