Overview

The new program will be open to everyone to join however we will introduce a new VIP tier. To reach this VIP tier there will be 2 requirements:

1. Exclusivity to Perp on decentralized derivatives - you can still go shill Binance or FTX all you want, we don't mind here. Just not other derivative DEXes
2. Fulfil minimum fee generation from referral traders

As a benefit for this you will receive:

• Very high rebates
• Higher capped earnings

Trial Period

Referral partners have to be added in manually by the Foundation team in order to access a VIP tier. We will create it such that for the first 30 days that you are added to the VIP tier you do not need to fulfill the minimum fees or the staked perp requirements (i.e. they are both set to 0).

After this 30 day period you must fulfill the minimums to stay in the tier. If you are less, then you will be automatically moved to the corresponding tier.

Note: VIP tiers are reserved for those with a large following or other social influence.

Referral Program V2

Definitions:

• Min Fees: this is the minimum amount of fees paid by your referral traders

Future Benefits

We expect to grow this VIP tier in the future with more benefits such as marketing support, dedicated account manager, extra prizes etc.