To encourage influencers and prominent DeFi community members to help with promotion, Perpetual Protocol has launched a referral program.
The referral program is in the early stages and details may be subject to change at anytime, including changes to counteract attempts to game the system. This program is intended to encourage normal, healthy derivatives trading behavior on Perpetual Protocol; it is not a farming rewards program.
⚠️ Perpetual Protocol retains the right to update program rules to prevent abuse and exploitative behavior at any time.
The referral program will run on a monthly basis, and rewards will be paid out weekly. The Perpetual Protocol team will reassess the program on a monthly basis to evaluate performance.
Increase daily active users (DAU)
10,000 PERP monthly. This amount can be increased by governance, which is likely assuming the program performs well.
Any trader can register under one of the referral partners as a 'referred trader'. Please see the list of referral partners below to join as a referred trader.
As a referred trader, you are eligible for the following rewards:
40% discount on trading fees, paid in PERP weekly to your registered account
Per address reward cap of 350 PERP / month
Rewards are issued weekly:
Reward period: Saturday to Friday (UTC)
Reward issuance: Monday
Minimum reward: 1 PERP (Rewards below 1 PERP will be accumulated and send once reward > 1 PERP)
Example: If you trade between May 1 (Sat) and May 7 (Fri) with a volume of $100,000, you will pay $100 in fees and accumulate $40 in PERP rewards, to be paid May 10 (Mon).
PERP exchange rate will be calculated using PERP UTC close price every Friday, according to Coingecko.
In the first phase, the referral program will be run in cooperation with referral partners. The list will grow slowly as we monitor the program growth and performance.
More coming soon...