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.
initially only approved referrers will be able to participate - applicants should dm via discord to obtain their referral link
referral rebates are applicable to a wide range of protocol fee categories (and in time will be explicity 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;
- user receives additional 20% on top of any base rebates
- referrer receives 50% user fees referral rebate
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 assisgned to that ref link & referrer.
- 1.these rates apply to the inital trial phase only.
- 2.opportunites for bespoke and dao specific rebates and referrals may be implemented, dm us on discord to find out more.
- 3.during the inital trial phase a weekly max cap on total rebates and referral fees will be set at 50,000 FOREX - reviewed weekly.
if the handleDAO detects any manipulation - immediate cancellation of any refeerral benefits will apply