Referral & Affiliates Program
Lavarage “Refer-a-friend” (Referral) Program
Referrers shall be entitled to the following commissions
| No. of referees | % commission* |
|---|---|
< 10 Referees | 25% |
10th Referee and above | 35% |
* Payout commission is a % of the open fees charged on the Referees for first 90 days after signup and subject to change thereafter.
Note 1: The terms and conditions of this program are valid until Sept 30th, 2024 and subject to modification, update or change by Lavarage at any time.
Lavarage Affiliates Program
Affiliate New User Rewards
An Affiliate will earn the following rewards for each eligible referred user (“Referee”):
| Referee* | Reward |
|---|---|
50 - 499 | $10 per Referee |
500 - 1,000 | $8 per Referee |
> 1,000 | $6 per Referee |
* Minimum 50 Referees to qualify for reward.
** Only Referees who traded at least 1 SOL in total within 90 days after signup are qualified referees for this scheme.
*** The Reward payout calculation is based on the number of qualified referees of each band e.g.: if there are 600 qualified referees signed up, the first 500 will be paid $10 per referee and the remaining 100 will be paid $8 per referee.
Note 1: The Affiliate New User Rewards and the Affiliate Trading Fees Rebate are mutually inclusive and rewards are paid out when the conditions of each Part are met.
Note 2: The Referral Program cannot be used in conjunction with the Affiliates Program
Note 3: The terms and conditions of this program are valid until Sept 30th, 2024 and subject to modification, update or change by Lavarage at any time.
Affiliate Trading Fees Rebate
Affiliates are additionally entitled to a rebate based on the aggregate traded volume of the Affiliate’s Referees, as outlined below:
| Aggregate traded (SOL) per calendar month* | % fee rebate** |
|---|---|
200 SOL - 499 SOL | 35% |
500 SOL - 2,000 SOL | 40% |
> 2,000 | 50% |
* Minimum aggregate 200 SOL traded by Referees to qualify for reward.
** % fee rebate payout is calculated based on aggregated traded volume eg: if monthly traded volume is 2,500 SOL, the % fee rebate will be 50% of Open fees generated from the all 2,500 SOL.
Terms & Conditions apply
Last updated