Referrals
Silhouette currently exposes referral registration and referral codes in the app. Trading-fee rebates and claimable rewards are configured for future rollout, but the current live implementation does not yet apply non-zero referral fee rates.
How It Works
For referrers: Referral codes can be generated once you meet the activation threshold. Reward accrual and claiming are not yet live in the current app.
For referees: You can register with a referral code today, but the current live fee discount is 0%.
Program Details
| Parameter | Value |
|---|---|
| Referrer rebate | 0% in the current live config |
| Referee discount | 0% in the current live config |
| 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 configured 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
Reward claiming is not yet live in the current app. The referral page currently exposes your code and referred-user stats, while the reward cards remain marked as coming soon.
For details on the fee structure that referral discounts apply to, see Fees.