Hyperliquid fee discounts become tradeable instruments via stHYPE and Pendle markets

Valantis Labs has launched a marketplace where Hyperliquid fee discounts become tradeable via stHYPE and Pendle. Traders can buy staking discounts from stHYPE holders in the Pendle market, gaining lower Hyperliquid fees for a fraction of the HYPE needed otherwise. Mechanically, stHYPE PTs sell their fee discounts to traders paying a premium, while YTs buy discounts on leverage by paying extra yield to PTs. The Pendle market went live hours ago, with LPs able to add stHYPE liquidity; YT discount eligibility is live in production. The author calls it a first-of-its-kind pricing of token utility.

✨ AI summary of the linked source — not editorial content.

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• Pendle
• Markets
• Discount
• Hyperliquid