Two readings, side by side
Hyperliquid vs Ondo Perps
Not a scoring table. Two dated readings of the venues' own restriction pages, the countries where their lists differ, and each programme's declared terms — quoted, never improved.
The readings behind this page
- Hyperliquid — their terms name no countries; there is no list to compare Full Hyperliquid list
- Ondo Perps — read on 2026-09-01 ondoperps.xyz #e3bbfa9a Full Ondo Perps list
Named by Hyperliquid, not by Ondo Perps
— nobody
Named by Ondo Perps, not by Hyperliquid
- AF Afghanistan
- BY Belarus
- CA Canada
- CU Cuba
- IR Iran
- KP North Korea
- LY Libya
- MM Myanmar
- PA Panama
- RU Russia
- SD Sudan
- SO Somalia
- SS South Sudan
- UA Ukraine
- VE Venezuela
Named by both
- US United States
If the edge can place your connection, your country's code is marked in the lists above.
What each programme declares
Hyperliquid
You receive 10% of referred users' fees; they receive a 4% discount. Restricted Persons are still theirs; payment does not rewrite the list.
Ondo Perps
You earn 10% of referral trading fees; they get 5% off. The restricted list is still Ondo's; payment does not rewrite it.
Questions
Which can I use from my country — Hyperliquid or Ondo Perps?
The venues decide that, at KYC. What we publish is a different thing: whose list names which countries — yours marked when the connection can be placed — and the click is checked at the edge either way.
Do Hyperliquid and Ondo Perps pay the same referral reward?
Each declares its own programme; both are quoted above verbatim and checked monthly. We add nothing to either.
Why do the two lists differ?
Different legal exposure, different regulators, different lawyers. We do not guess at reasons — we date what each page says and record every later change in the ledger.