Trading
Fees & buyback
HoodPerp charges modest fees on spot swaps and perp trading. A share of those fees continuously recycles into the $HPERP buyback.
Spot swap fee#
A protocol fee (in basis points) is applied to the input amount of each swap before routing. The quote you approve already reflects it, and the fee is sent to the protocol fee recipient on-chain.
Perp trading fees#
Perp fills incur standard taker/maker fees on Lighter. HoodPerp is registered as an integrator, so a portion of the venue fee is attributed to the protocol as an integrator rebate.
| Activity | Fee source | Where it goes |
|---|---|---|
| Spot swap | Protocol fee on input | Fee recipient → buyback |
| Perp trade | Integrator rebate on venue fee | Protocol → buyback |
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Fees fund buybacks
Accumulated fees are used to buy $HPERP on the open market. See Fees & buyback for the mechanism.