Fee Tier Discount Increase

Hedgies Utility

Hedgie ownership is verified on the dYdX exchange under user profiles.

Each user holding a Hedgie will receive a one tier increase in DYDX fee tier discount on the dYdX protocol (for example, users who hold greater than or equal to 5,000 DYDX will receive a 15% discount (in tier 4) rather than a normal 10% discount (in tier 3).

dYdX Trading Inc. reserves the right to add additional utility to the Hedgies, and the discretion to change Hedgie utility.

Trading Fee Discounts

Holders of DYDX or stkDYDX receive a trading fee discount based on the size of their current holdings:

DYDX + stkDYDX Current Balance	Discount
≥ 100	3.0%
≥ 1,000	5.0%
≥ 5,000	10.0%
≥ 10,000	15.0%
≥ 50,000	20.0%
≥ 100,000	25.0%
≥ 200,000	30.0%
≥ 500,000	35.0%
≥ 1,000,000	40.0%
≥ 2,500,000	45.0%
≥ 5,000,000	50.0%

Any address that holds 1+ Hedgies will automatically receive the benefit of increasing one fee tier.