# referral program

the handle referral program allows **referrers** to introduce new users to the protocol and earn an ongoing % of the fees generated by that referred user; rebated as FOREX.

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initially **only approved referrers** will be able to participate  - applicants should dm via [discord ](https://discord.gg/77WDThbZJ4)to obtain their referral link
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referral **rebates** are applicable to a wide range of protocol fee categories (and in time will be explicitly linked to, and benefit from, a referrers veFOREX balance)

initially referral rebates will be paid based on;

* trade open and close fees,
* hLP swap fees

*coming soon hLP fees, more convert routes & fxToken loans*

referral payouts are;

* referred trader receives 5% on top of any base rebates
* referrer receives 5% of referred trader fees

all rebates accrue immediately as user fees are collected and are also claimable immediately

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to register a new users address as referred, the user must open a trade **from an address unused on the handle protocol** - and from that point onwards that address will be assigned to that ref link & referrer.
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**additionally,**

1. opportunities for bespoke and DAO specific rebates and referrals may be implemented, [dm us on discord to find out more](https://discord.gg/77WDThbZJ4).
2. There is weekly max cap on total rebates and referral fees to be set at 50,000 FOREX - reviewed weekly.

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if the handleDAO detects any manipulation - **immediate** cancellation of any refeerral benefits will apply
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