Open letter to @Dreamcash: Your current fee structure raises serious concerns. Next to Hyperliquid’s ~0.9 bps growth-mode fees, you add an additional 4.5bps on mobile and 2.5bps on web app. Users are paying up to 5x the underlying HL fees simply for using your frontend. This is a very steep premium, especially in a highly fee-sensitive trading environment. High fees inevitably mean referrers capture substantial revenue from referred users (which is why you see many people shilling ref links). This creates questionable promotion by your favorite KOLs. At present, users only earn XP by trading through the DreamCash frontend (1 XP via webapp, 2 XP via mobile). The points program has no fixed end date, which may lead to unforeseen dilution toward the later stages. If DreamCash aims to build something durable and aligned with Hyperliquid‘s ethos - user-first, long-term, and credibly neutral - then your fee layer needs to be reconsidered. > Reduce the frontend fee multiplier materially > Publish a clear points emission framework to reduce dilution uncertainty Hyperliquid