referral program
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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.
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
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.
additionally,
opportunities for bespoke and DAO specific rebates and referrals may be implemented, .
There is weekly max cap on total rebates and referral fees to be set at 50,000 FOREX - reviewed weekly.
if the handleDAO detects any manipulation - immediate cancellation of any refeerral benefits will apply