Referral Program
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The referral program aims to incentivize users for bringing new traders to the Deri Protocol, by offering competitive rewards to both the referrers and traders, making it a win-win-win situation for the 3 parties involved.
In this article, we’ll provide an overview of the Referral Program, illustrate its reward architecture, and guide you on joining the program.
This referral program only works for users referred within our Telegram mini-app (read more here).
To get started, you must first have created an account on our Telegram mini-app. To do so, follow our guide here. Once your account is set up, head out to the "Referral" page in the mini-app.
At the top of the page, you will see a big button to invite your friends. Clicking on it will open a dialog asking you to select a Telegram conversation to share your invitation link. You can also choose to click on the "Copy" button to just copy the link to your clipboard and share it anywhere you wish.
If one of your friends clicks your link, they will be redirected to our mini-app. If they create a new account on the mini-app, they will count as referred by you for the purpose of this program. You do not need to do anything else.
The Referral Program offers a tiered rewards system, encouraging participants to contribute more to Deri Protocol and earn higher rewards. The tiers are as follows:
10% of your friends' trading fees as commisions
5% trading fees refund for your friends
15% of your friends' trading fees as commisions
5% trading fees refund for your friends
You must have invited 10+ qualified traders OR your friends must have generated more than $250 in trading fees
10% of your friends' trading fees as commisions
5% trading fees refund for your friends
You must have invited 25+ qualified traders OR your friends must have generated more than $1,000 in trading fees
Your referral tier is based on the last 90 days and updated daily. Qualified traders that you brought more than 90 days ago (after their first trade) will not be taken into account. The same applies to the trading fees they have generated more than 90 days ago.
To be counted as a "qualified trader", your friend must have accumulated at least $5 in trading fees.
The commissions on trading fees will be earned even if the referred trader has not yet become a "qualified trader".
Bob invites his friends Alice and Charlie with his unique referral code.
Alice makes a trade on Deri, with a trading fee of 20 USDC. She ends up receiving a 5% refund or 1 USDC, while Bob makes 2 USDC (10% of the trading fees).
A few days have passed and Alice and Charlie have traded a lot on Deri. They have now accumulated 248 USDC in trading fees, for which Bob has made 24.8 USDC in commissions (10%). Charlie does a trade with a trading fee of 50 USDC. He ends up receiving a 5% refund or 2.5 USDC, while Bob has now accumulated more than 250 USDC in trading fees thanks to this trade and makes 15% on this trade, or 7.5 USDC. He’s now in the Silver referral tier.
More days have passed and Alice and Charlie haven’t been that active. While they have accumulated 350 USDC in trading fees in total, in the last 90 days it has only been 90 USDC, leading Bob to go back to the Bronze referral tier. Alice does a trade with a trading fee of 30 USDC. She ends up receiving a 5% refund or 1.5 USDC, while Bob makes 10% in commissions or 3 USDC.
Bob has a lot of friends and he invites them all to the Deri mini-app through his unique referral code.
After a few days, 12 friends of Bob have created an account and traded on Deri. They have accumulated 50 USDC in trading fees, with 8 of Bob’s friends spending 5 USDC or more while the other 4 spent less than 5 USDC in fees. Up until now those 8 friends count as “qualified traders” for Bob, while the other 4 don’t (yet). Bob is still in the Bronze referral tier and has made 5 USDC in commissions.
Alice, one of Bob’s friends, makes a trade with a trading fee of 6 USDC. She ends up receiving a 5% refund or 0.3 USDC and now counts as a qualified trader for Bob who still makes 10% on this trade, or 0.6 USDC.
Charlie, another friend of Bob, makes a trade with a trading fee of 8 USDC. He ends up receiving a 5% refund or 0.4 USDC and also now counts as a qualified trader, pushing Bob’s total to 10 qualified traders and upgrading him to the Silver tier. For this trade, Bob makes 15% in commissions, or 1.2 USDC.
A few weeks have passed and Bob has invited 5 more friends that ended up spending more than 5 USDC in trading fees, bringing Bob’s total to 15 qualified traders. However, 6 of Bob’s trader friends have made their first trade more than 90 days ago and they do not count as qualified traders anymore. Bob now only has 9 qualified friends and is back in the Bronze referral tier. One of Bob’s friends makes a trade with a trading fee of 3 USDC. They end up receiving a 5% refund or 0.15 USDC, while Bob makes 10% or 0.3 USDC as commissions.
The referral commissions are not (yet) distributed in real-time but are updated daily. Users can claim their available commissions on the same page in the mini-app, and see the history of all their commissions and claims.
If you have been referred and are eligible for trading refunds, you can find and claim those refunds directly under your account page. Just like commissions, those refunds are updated daily. Claiming your refunds simply transfers that USDC value to your smart account in the mini-app, ready to be used for trading, or available to be withdrawn to your web3 wallet.
If you are confident that you can bring a lot of users to trade on Deri, we offer an affiliate program that provides greater reward for you and your referred users. Our basic requirements:
Social media influencer with 5,000+ followers one at least one platform
Community manager with 500+ members focused around crypto trading. Bonus if derivatives
Professional or organization with proven user base/network around crypto trading. E.g.:
Crypto fund
Crypto educational group
Etc.
On-chain protocol with at least 500 DAU. E.g.:
Decentralized exchange
Lending protocol
Insurance protocol
Meme marketplace
LST/LRT
Etc.
If you wish to apply, reach out to our team on Discord or Telegram. If you do not belong to any of those categories but still believe you can be a part of the affiliate program, don’t hesitate to reach out as well!
If you wish to apply to this referral program for the web version of Deri (dApp), or a mix of the dApp and the mini-app, please get in touch with our team on Discord or Telegram. Please note that we will only consider those that can bring a high trading volume or amount of users.
Join the Deri Protocol Referral Program today and start earning rewards as you contribute to the platform’s growth and success!
