Referral Program

Deriverse's fully on-chain referral program incentivizes growth through transparent, real-time rewards denominated in USDC.

Program Overview

Key Features

  • Single-Tier Structure: Direct referrals only, simple and transparent

  • USDC Rewards: All incentives paid in stablecoin

  • Real-Time Settlement: Instant reward distribution on-chain

  • Zero Minimums: Earn from the first trade

  • Cross-Market: Benefits apply to all trading venues

Design Philosophy

By removing intermediaries and settling rewards directly on-chain, Deriverse's referral program:

  • Fosters organic growth

  • Enhances overall liquidity

  • Delivers seamless incentive experience

  • Ensures complete transparency

How It Works

Core Mechanics

1. Generate Referral Link → 2. Share with Friends → 3. Friend Trades → 4. Earn Rewards

For Referrers:

  1. Create unique referral link

  2. Share with potential users

  3. Receive pro-rata share of referee fees

  4. Rewards credited instantly to account

For Referees:

  1. Sign up using referral link

  2. Receive immediate fee discount

  3. Enjoy reduced trading costs

  4. Benefit across all markets

Automatic Execution

  • No Manual Claims: Rewards distributed automatically

  • No Off-chain Reconciliation: Everything settled on-chain

  • Immediate Crediting: Rewards appear after each trade

  • Transparent Tracking: All activity visible on blockchain

Referrer Benefits

Revenue Sharing

Referrers earn from all trading activity of their referees:

Revenue Sources:

  • Spot trading fees

  • Perpetual futures fees

  • Traditional derivatives fees (v2)

  • Options trading fees (v2)

Calculation:

Referrer Reward = Net Trading Fees × Rewards Ratio
Net Trading Fees = Total Fees - Protocol Rebates

Transparent Accounting

All rewards are:

  • Immediately Visible: Real-time balance updates

  • Blockchain Verified: Immutable transaction records

  • Fee Breakdown: Clear source attribution

  • Historical Tracking: Complete reward history

Earnings Potential

Scalable Income:

  • Unlimited number of referrals

  • No caps on earnings

  • Compound growth as referees trade more

  • Long-term passive income stream

Referee Benefits

Immediate Fee Discounts

New users enjoy preferential fee treatment from day one:

Discount Details:

  • Maximum Discount: Up to 10% on taker fees

  • Immediate Application: Activated from first trade

  • No Requirements: No minimum volume or waiting period

  • Universal Coverage: Applies to all trading venues

Cross-Market Benefits

Fee discounts work across all Deriverse markets:

Market
Discount Applied

Spot Trading

✅ Up to 10%

Perpetual Futures

✅ Up to 10%

Traditional Futures (v2)

✅ Up to 10%

Options (v2)

✅ Up to 10%

Example Savings

Base Case: 5 bps taker fee, 10% discount

  • Standard Fee: 5 basis points (0.05%)

  • Discounted Fee: 4.5 basis points (0.045%)

  • Savings: 0.5 basis points per trade

On $10,000 Trade:

  • Standard Cost: $5.00

  • Discounted Cost: $4.50

  • Savings: $0.50 per trade

Governance Parameters

Development Status: DRVS governance features are not yet available. DRVS token is not deployed on Solana Mainnet.

Adjustable Variables

Key program parameters controlled by DRVS token holders:

Parameter
Description
Impact

Program Duration

Overall program length

User acquisition timeframe

Link Validity Period

How long referral links remain active

User onboarding window

Maximum Taker Fee Discount

Maximum discount for referees

Cost savings for new users

Rewards Ratio

Portion of fees allocated to referrers

Referrer earning potential

Governance Process

Changes to referral parameters follow standard governance:

  1. Proposal: DRVS holders propose changes

  2. Voting: Community votes on adjustments

  3. Implementation: Approved changes take effect

  4. Monitoring: Track impact on growth and usage

Program Mechanics

Link Generation

Creating Referral Links:

  • Generate unique identifier on-chain

  • Link tied to referrer's account

  • No expiration unless set by governance

  • Can create multiple links for tracking

Reward Calculation

Real-Time Processing:

Upon Each Trade:
1. Calculate total trading fees
2. Deduct protocol rebates
3. Apply rewards ratio
4. Credit referrer account
5. Apply referee discount

Settlement Process

Automatic Distribution:

  • Timing: Immediate after trade execution

  • Currency: USDC stablecoin

  • Location: Referrer's Deriverse account

  • Verification: On-chain transaction log

Best Practices

For Referrers

Effective Promotion:

  • Share benefits clearly with potential users

  • Highlight immediate fee savings

  • Emphasize cross-market applicability

  • Provide ongoing support to referees

Long-term Strategy:

  • Focus on active traders for sustained revenue

  • Build relationships within trading communities

  • Track performance across different outreach methods

  • Reinvest earnings into protocol participation

For Referees

Maximizing Benefits:

  • Use referral link during signup

  • Verify discount application on first trade

  • Explore all trading venues for full benefits

  • Consider becoming a referrer after experience

Program Analytics

Tracking Metrics

Participants can monitor:

  • Total Referrals: Number of successful referrals

  • Active Referees: Currently trading users

  • Cumulative Rewards: Total earnings to date

  • Recent Activity: Latest reward distributions

Performance Insights

For Referrers:

  • Referee trading volume trends

  • Most profitable market segments

  • Reward growth over time

  • Conversion rates by source

For Protocol:

  • User acquisition costs

  • Retention rates by referral source

  • Revenue impact analysis

  • Program ROI assessment

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