⭐ Overview

As a quick overview of the terminology in this document we refer to:

• Referral partners: Anyone with a referral code, like you!
• Referral traders: Any traders that use your referral code to join the referral program

🖥️ Referral dashboard

You will be able to check all of your stats at this site:

Perpetual Referral Dashboard

Once you receive your code, you simply need to ask your referral traders to go to the above site and input the referral code that you received. Once they input the code they will be able to see all their trading stats and how much they earned.

⌚ Timing

All referral rewards are calculated at UTC 0 Sunday until the next UTC 0 Sunday

🧮 Calculation Method

To calculate your weekly referral reward we do the following:

1. Trader Fees: For each trader we take the amount of fees attributed to you
2. Rebate Percentage: We get the rebate percentage based on your Staked Perp (sPERP)
3. We apply the rebate percentage (Rebate Percentage x Trader Fees). If this amount is greater than your cap, then it will be equal to the cap. If it is less than the cap then it is whatever the number is generated
4. Iterate through all of your referral traders and then sum it up
5. Convert to PERP using a 7 day TWAP and then we send it to you

<aside> ⚠️ An important note here is that all trading done via app.perp.com will be attributed to you. If it is traded via a 3rd party UI they may have their own referral code. If you'd like to build out your own application and refer trades make sure you pass it through the transaction! See the programmatic trading section below for more details.

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📈 Promotion

Promote your referral code using giveaways and other creative ideas. Give users a reason to use your code instead of their own. We have attempted to design the system such that top-tier referral partners can earn far more than individual traders, so your promotional efforts could pay serious dividends.