How do I refer someone to Hyperliquid?

You can create a referral code on after you’ve done $100 in volume. Note: this referral code is permanent and unique to you, so choose wisely.
Share your referral code with other traders using a unique link: The trading volume of people you refer will be counted toward your rewards.

How do I use a referral code?

Enter a referral code on to gain access to closed alpha.
Alternatively, if you use a friend’s unique referral link, you’ll be shown the following modal with 2 simple steps:
  1. 1.
    Connect your wallet
  2. 2.
    Join with your referral code
You can then onboard onto Hyperliquid and deposit USDC from Arbitrum. After you place your first trade and do $100 in volume, you can create your own referral code to share.

How do referral rewards work?

The referral program is designed to reward those who introduce traders to Hyperliquid. Rewards are based on your trading volume and your referral volume.
Rewards are distributed every Thursday at 00:00 UTC. You can claim your reward after the distribution. Rewards do not expire.
$1 is distributed for every $10,000 in exchange volume, with a minimum of $1,000 distributed each week. Your score = Your volume + 50% of your referral volume. Your share of rewards = Your score / Sum of all scores
Importantly, during closed alpha, you only have 3 referrals per week. Your referrals reset every Thursday at 00:00 UTC. Once you have used up all your referrals for the week, you will not be able to refer anyone until the week ends.
Hyperliquid is excited to pilot this referral program during closed alpha. Ultimately the referral program will evolve to incorporate the Hyperliquid token once it launches.