Glossary
Sub-account
A separate trading account under the same wallet, useful for keeping strategies apart. The clearinghouse treats it as independent, so it does not inherit a referral discount.
Checked against the Hyperliquid documentation 8 Sept 2026 · how we check
Related terms
- Referral discount A 4% reduction in trading fees for using a referral code, covering your first $25M of volume. It can only be applied before your first trade and does not cover vaults or sub-accounts.
- Vault A pooled account others can deposit into. HLP is protocol-owned and takes no profit share; a user vault pays its leader a share of profits. Both lock deposits for four days from the most recent deposit.