Trading
Referral & Rebates
Earn up to 30% rebates on trading fees through the LX DEX referral program
Referral & Rebates Program
LX DEX offers a fully on-chain, DeFi-native referral program that rewards both referrers and referees with fee rebates and discounts.
Overview
| Feature | Value |
|---|---|
| Max Referrer Rebate | 30% of trading fees |
| Max Referee Discount | 20% off trading fees |
| Referral Tiers | 6 tiers |
| VIP Fee Tiers | 10 tiers |
| Codes Per User | Up to 5 |
| On-Chain | Fully transparent |
How It Works
1. Referrer creates referral code (e.g., "MYCODE")
2. Referee uses code when signing up
3. Every trade by referee generates:
- Fee discount for referee
- Rebate reward for referrer
4. Rebates accumulate on-chain
5. Referrer claims rebates anytimeReferral Tiers
Referrers advance through tiers based on total referred volume and number of active referees:
| Tier | Min Volume | Min Referrals | Referrer Rebate | Referee Discount |
|---|---|---|---|---|
| 1 | $0 | 0 | 5% | 5% |
| 2 | $10M | 5 | 10% | 10% |
| 3 | $50M | 10 | 15% | 10% |
| 4 | $100M | 25 | 20% | 15% |
| 5 | $250M | 50 | 25% | 15% |
| 6 | $500M | 100 | 30% | 20% |
Tier Upgrade Example
Starting: Tier 1 (5% rebate)
Progress:
- Refer 5 traders → Tier 2 possible
- Those traders do $10M volume → Tier 2 unlocked (10% rebate)
- Refer 10 traders → Tier 3 possible
- Volume reaches $50M → Tier 3 unlocked (15% rebate)
...continue to Tier 6VIP Fee Tiers
All traders (with or without referral) benefit from volume-based VIP tiers:
| VIP Tier | 30-Day Volume | Maker Fee | Taker Fee |
|---|---|---|---|
| VIP 0 | $0 | 0.10% | 0.50% |
| VIP 1 | $1M | 0.08% | 0.45% |
| VIP 2 | $5M | 0.06% | 0.42% |
| VIP 3 | $10M | 0.04% | 0.39% |
| VIP 4 | $25M | 0.02% | 0.36% |
| VIP 5 | $50M | 0.00% | 0.27% |
| VIP 6 | $100M | 0.00% | 0.24% |
| VIP 7 | $250M | 0.00% | 0.21% |
| VIP 8 | $500M | 0.00% | 0.18% |
| VIP 9 | $1B | 0.00% | 0.15% |
Combined Benefits
Referral discounts stack with VIP tier benefits:
Example: Tier 3 Referee with VIP 5
Base Taker Fee: 0.27% (VIP 5)
Referee Discount: 10% (Tier 3 referral)
Final Fee: 0.27% × (1 - 10%) = 0.243%
Savings: 0.257% per trade vs VIP 0 baseCreating Referral Codes
Create a Code
import { DEX } from '@luxfi/trading'
const dex = await DEX({ rpcUrl: 'https://api.lux.network/rpc' })
// Create referral code
const code = await dex.referral.createCode({
code: 'MYCODE123', // Alphanumeric, 3-20 chars
customRebate: null // Optional: override tier rebate
})
console.log(`Code: ${code.code}`)
console.log(`Owner: ${code.owner}`)
console.log(`Created: ${code.createdAt}`)
console.log(`Share Link: https://lx.exchange/r/${code.code}`)Code Limits
- 5 codes per user maximum
- Codes must be unique across platform
- Alphanumeric characters only (3-20 chars)
- Codes cannot be reused after deactivation
Custom Rebate Rates
Tier 4+ referrers can set custom rebate rates (up to their tier maximum):
// Set custom 20% rebate (if at Tier 4+)
const code = await dex.referral.createCode({
code: 'SPECIAL20',
customRebate: 2000 // 20% in basis points
})
// Update existing code rebate
await dex.referral.setCustomRebate({
code: 'SPECIAL20',
rebate: 2500 // Increase to 25% (if Tier 5+)
})Using Referral Codes
Apply Code on Signup
// New user applies referral code
await dex.referral.useCode('MYCODE123')
// Check referral status
const status = await dex.referral.getReferralStatus()
console.log(`Referred By: ${status.referrerId}`)
console.log(`Code Used: ${status.code}`)
console.log(`Fee Discount: ${status.discount}%`)
console.log(`Referrer Tier: ${status.referrerTier}`)Check Discount
// Get current fee discount
const discount = await dex.referral.getFeeDiscount()
console.log(`Discount: ${discount}%`)
console.log(`Effective Taker: ${0.50 * (1 - discount/100)}%`)
console.log(`Effective Maker: ${0.10 * (1 - discount/100)}%`)Rebate Mechanics
How Rebates Are Calculated
Trade Flow:
1. Referee places trade with $50 fee
2. Fee discount applied: $50 × 10% = $5 discount
3. Referee pays: $45
4. Referrer rebate: $45 × 15% = $6.75
5. Protocol receives: $45 - $6.75 = $38.25
Referee saves: $5 (10% discount)
Referrer earns: $6.75 (15% of post-discount fee)Track Rebates
// Get referrer stats
const referrer = await dex.referral.getReferrerStats()
console.log(`Referral Tier: ${referrer.tier}`)
console.log(`Total Referrals: ${referrer.totalReferrals}`)
console.log(`Active Referrals: ${referrer.activeReferrals}`)
console.log(`Total Volume: $${referrer.totalVolume}`)
console.log(`Pending Rebates: $${referrer.pendingRebates}`)
console.log(`Total Claimed: $${referrer.totalClaimed}`)Claim Rebates
// Check pending rebates
const pending = await dex.referral.getPendingRebates()
console.log(`Pending: $${pending}`)
// Claim all pending rebates
const claimed = await dex.referral.claimRebates()
console.log(`Claimed: $${claimed.amount}`)
console.log(`Tx Hash: ${claimed.txHash}`)Auto-Claim Settings
// Enable auto-claim when balance reaches threshold
await dex.referral.setAutoClaimThreshold({
enabled: true,
threshold: '100' // Claim when $100 accumulated
})Managing Referral Codes
View Your Codes
const codes = await dex.referral.getCodes()
codes.forEach(code => {
console.log(`Code: ${code.code}`)
console.log(` Active: ${code.isActive}`)
console.log(` Uses: ${code.totalUses}`)
console.log(` Volume: $${code.totalVolume}`)
console.log(` Rebates: $${code.totalRebates}`)
})Deactivate Code
// Deactivate a code (existing referrals continue)
await dex.referral.deactivateCode('OLDCODE')
// Note: Cannot reactivate or reuse deactivated codesTransfer Code Ownership
// Transfer code to another address (Tier 5+ only)
await dex.referral.transferCode({
code: 'MYCODE123',
newOwner: '0x...'
})Rebate History
View Rebate Payments
const history = await dex.referral.getRebateHistory({
limit: 100,
offset: 0
})
history.forEach(payment => {
console.log(`${payment.timestamp}:`)
console.log(` Referee: ${payment.refereeId}`)
console.log(` Trade: ${payment.tradeId}`)
console.log(` Market: ${payment.market}`)
console.log(` Trade Volume: $${payment.volume}`)
console.log(` Trade Fee: $${payment.fee}`)
console.log(` Discount Given: $${payment.discount}`)
console.log(` Rebate Earned: $${payment.rebate}`)
})Export History
// Export to CSV
const csv = await dex.referral.exportHistory({
format: 'csv',
startDate: '2024-01-01',
endDate: '2024-12-31'
})Program Statistics
Global Stats
const stats = await dex.referral.getStats()
console.log(`Total Referrers: ${stats.totalReferrers}`)
console.log(`Total Referees: ${stats.totalReferees}`)
console.log(`Total Rebates Paid: $${stats.totalRebatesPaid}`)
console.log(`Total Discounts Given: $${stats.totalDiscountsGiven}`)
console.log(`Active Codes: ${stats.activeCodes}`)Leaderboard
const leaderboard = await dex.referral.getLeaderboard({
period: '30d',
limit: 100
})
leaderboard.forEach((referrer, rank) => {
console.log(`#${rank + 1}: ${referrer.address}`)
console.log(` Tier: ${referrer.tier}`)
console.log(` Referrals: ${referrer.referrals}`)
console.log(` Volume: $${referrer.volume}`)
console.log(` Rebates: $${referrer.rebates}`)
})Rules & Restrictions
Code Rules
- Codes must be alphanumeric (A-Z, 0-9)
- Length: 3-20 characters
- Case-insensitive (MYCODE = mycode)
- No special characters or spaces
- Cannot contain offensive terms
Referral Rules
- Users can only use one referral code (permanent)
- Self-referral is prohibited
- Cannot change referrer after using code
- Referral relationship is permanent
Rebate Rules
- Rebates calculated on post-discount fees
- Rebates paid in trading fee currency (USDT/USDC)
- Minimum claim amount: $1
- No rebates on zero-fee maker trades
- Wash trading detection disqualifies rebates
Best Practices
For Referrers
- Share your code widely - Social media, communities, content
- Create memorable codes - Easy to type and remember
- Use multiple codes - Track different campaigns
- Engage referees - Help them trade successfully
- Compound earnings - Reinvest rebates in trading
For Referees
- Use a code before first trade - Cannot apply later
- Verify discount active - Check account settings
- Trade actively - Higher volume = higher referrer tier = better discount
- Stack with VIP - Volume tiers further reduce fees
On-Chain Verification
All referral data is stored on-chain and verifiable:
// Verify referral code on-chain
const onChainCode = await dex.referral.verifyCode('MYCODE123')
console.log(`Owner: ${onChainCode.owner}`)
console.log(`Created Block: ${onChainCode.createdBlock}`)
console.log(`Total Uses: ${onChainCode.uses}`)
console.log(`Total Volume: ${onChainCode.volume}`)
// Verify rebate payment
const payment = await dex.referral.verifyPayment(txHash)
console.log(`Valid: ${payment.verified}`)API Reference
Referral Endpoints
| Endpoint | Method | Description |
|---|---|---|
/referral/codes | GET | List your referral codes |
/referral/codes | POST | Create new referral code |
/referral/codes/{code} | DELETE | Deactivate code |
/referral/use | POST | Apply referral code |
/referral/stats | GET | Get referrer statistics |
/referral/rebates | GET | Get pending rebates |
/referral/claim | POST | Claim pending rebates |
/referral/history | GET | Get rebate history |
Related Documentation
- Perpetual Trading - Trade perpetuals with fee discounts
- Fees - Complete fee schedule
- VIP Tiers - Volume-based discounts
- API Reference - Full API documentation