The following documents the rewards that each referral trader will be eligible to - the calculation methods are exactly the same as above

New Program

<aside> ℹ️ Trader’s caps do not affect the amount of referral fees their referral partner can earn from them. Trader caps only affect the trader, and referral partner caps only affect the referral partner.

</aside>

Example

If your trader has 0 PERP staked but has paid 3000 in fees then rebate * fees = 600. However they are above the USD cap for their tier so they will receive 200 USD worth.

If they increased their staked Perp to 1000 then they would receive 300 worth