VIP
Perps users are eligible for fee discounts based on xKDK staked.
VIP Tiers follow a similar model as Hyperliquid, with tiers based on xKDK staked. Tiers and fee discounts are automatically updated daily based on the stake.
xKDK staked for VIP Tier fee discounts are also eligible for with other staking Utilities (such as Protocol Rewards and participating in Governance).
Similar to referrals, fee discounts based on VIP Tiers apply to the Kodiak portion of the fees, after base fees to Orderly are applied. Base fees are always 0 for maker, and range between 1-3 bps for taker based on trading pair and overall Kodiak level trading volumes.
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