Do I need to trade to become a referrer?
Do I need to trade to become a referrer?
No. Connect your wallet, open Referrals and create your code. You can start inviting traders right away.
Can I use my own referral code?
Can I use my own referral code?
No. Self-referrals are not allowed. A wallet cannot be linked to a code created by the same wallet.
Can I change the code my wallet is linked to?
Can I change the code my wallet is linked to?
No. Your wallet can be linked to only one referral code, and the link is permanent.
Which trades generate rewards?
Which trades generate rewards?
All trades that pay a DYXY trading fee: swaps, perps including Degen mode, stocks and trading bots. Pools, staking and lending have no DYXY fee, so they generate no rewards.
Is my tier based on volume or on fees?
Is my tier based on volume or on fees?
On volume. Your tier is set by the total trading volume of your referral network in a calendar month. Your reward is then a share of the fees that volume generated.
When does a new tier start applying?
When does a new tier start applying?
At the start of the next month. Your tier for each month is based on the previous month’s network volume.
Can my tier go down?
Can my tier go down?
Yes. Tiers are recalculated every month. If your network’s volume falls below a threshold, your tier for the next month is lowered to match.
Do I keep earning if my referred traders stop and come back?
Do I keep earning if my referred traders stop and come back?
Yes. They stay linked to your code, so you earn again as soon as they trade.
Does the 10% discount reduce my rewards?
Does the 10% discount reduce my rewards?
Your share is calculated on the fees traders actually pay, after their discount. The discount is what makes your code worth using.
Can I be a referred trader and a referrer at the same time?
Can I be a referred trader and a referrer at the same time?
Yes. You can join with someone else’s code, keep your 10% discount, and still invite your own network.