Referral Links
Create your personalized referral link and earn a share of the taker fees paid by every trader who joins through it. Referred traders get a discount on their own taker fees.
The program has two levels:
| Level | You earn (% of your referees’ taker fees) | Your referees receive | How it’s granted |
|---|---|---|---|
| Standard | 10% | 5% taker-fee discount | Default for all referrers |
| Accelerated | 20% | 5% taker-fee discount | Private beta participants and approved partners |
Both rates apply at every fee tier, with no volume cap. These are the protocol’s on-chain fee-tier values (referrerRewardNumerator and refereeFeeNumerator) and an admin can change them; check perpFeeStructure.feeTiers on the State account for the live numbers.
Accelerated referral level
Accelerated referrers earn 20% of their referees’ taker fees, double the Standard rate. Accelerated status is granted in two ways:
- Private-beta participants: accounts created during Velocity’s private beta window automatically receive the Accelerated level and keep it for life.
- Partners: KOLs, affiliates, and ecosystem partners can be granted Accelerated status by the Velocity team after launch.
Creating your referral link
Create your referral link at velocity.exchange/referrals , or click More > Referrals in the top navigation panel.
Create a link
Click “Create my referral link”.
Customize
Customize your referral link in under 32 characters and click “Create”. You won’t be able to change your referral link after setting it up the first time.
Approve
Once you’ve approved the transaction, you will find your rewards under “Total Rewards Earned” and a way to copy your link directly to your clipboard.
Share
Share your referral link with your friends and community to start earning fees from their trading activity.
How rewards work
- Rewards accrue from taker volume only. Maker fills do not generate referral rewards.
- A referral link applies only to new accounts created in the same session after clicking the link and making a first deposit.
- Referral rewards flow through a per-user
RevenueShareEscrowaccount rather than the old epoch-cappedUserStatspath. Fillers must attach a referred taker’s escrow account for a fill to succeed. See the builder codes docs for the mechanics if you operate a filler or keeper. - Velocity reserves the right to adjust the referral program at any time without prior notice. Refer to this page for the latest information.
The referral link applies solely to new Velocity accounts created through your link. For it to apply, users must have clicked the link, connected their wallet, and made a deposit within the same session.
“New” means the wallet has never created a Velocity subaccount. The referrer is recorded once, during the authority’s very first initialize_user, and is never written again. Deleting every subaccount does not reset this, because the allocation counter the check reads (number_of_sub_accounts_created) is never decremented. A wallet that has traded before cannot be referred, even after closing all of its accounts.