Using Resarv
Fees
Every cost, in one place.
| Fee | Rate | Paid when | Goes to |
|---|---|---|---|
| Mint | 0.10% | Minting HYPE5 or HYPE10 | Revenue, then RSRV airdrops |
| Redeem | 0.10% | Redeeming to USDC | Revenue, then RSRV airdrops |
| Settlement cost | Shown in the quote | Minting | Network and execution costs of settling on HyperCore |
| rUSD stability fee | 2% a year | Continuously on rUSD debt | Protocol revenue |
| Liquidation bonus | 10% | When a vault is liquidated | The liquidator |
| Gas | Network rate | Every transaction on Elysium | Elysium, paid in HYPE |
Costs inside NAV#
Hyperliquid trading fees and the spread on the fund's fills, and funding on 1x long legs, are paid by the fund and show up in NAV. They are not charged to you separately.
Where revenue goes#
Fee revenue mints new HYPE5 and HYPE10, which are airdropped to RSRV holders every day. See Airdrops.
Something unclear? Tell us.