Referrals
Silhouette's referral program rewards you for bringing new traders to the platform. Referrers earn a share of their referees' trading fees. Referees get a discount on their own fees. It is straightforward, rewards real trading activity, and has clear limits.
How It Works
For referrers: You earn a rebate on the net trading fees generated by your referees. Rewards accrue to a secure contract accessible only by your wallet and can be claimed at any time through the Silhouette UI.
For referees: You receive a discount on your trading fees when you sign up with a referral code.
Program Details
| Parameter | Value |
|---|---|
| Referrer rebate | 10% of referee-generated trading fees |
| Referee discount | 5% off trading fees |
| Activation threshold | $10,000 notional trading volume to generate a referral code |
| Referrer cap | $1B notional volume per referee |
| Referee discount cap | $25M notional volume |
Activation
To generate and share a referral code, you need a minimum of $10,000 in notional trading volume on Silhouette. This threshold ensures referral codes come from active traders with real experience on the platform.
Caps
Both sides of the referral relationship have volume caps:
- Referrers earn rebates on up to $1B of notional volume per referee. After that, the rebate stops for that specific referee.
- Referees receive the fee discount on up to $25M of notional volume. After that, standard fees apply.
These caps keep the program focused on onboarding new traders.
Claiming Rewards
Your accrued referral rewards are stored in a secure contract that only your wallet can access. You can claim them at any time through the Silhouette UI. There is no minimum claim amount and no expiration on unclaimed rewards.
For details on the fee structure that referral discounts apply to, see Fees.