Tiers

Get fee discounts and earn rebates through the LIF3 referral program.

The referral program has a tier system to prevent gaming through self-referrals, this helps to ensure that referrers receive the rebates for the users they brought onto the platform.

• Tier 1: 5% discount for traders, 5% rebates to referrer

• Tier 2: 10% discount for traders, 10% rebates to referrer

• Tier 3: 10% discount for traders, 15% rebates to referrer paid in FTM, 5% rebates to referrer paid in esLIF3

Anyone can create a Tier 1 code. To upgrade your code to Tier 2 or Tier 3:

• Tier 2: At least 15 active users using your referral codes per week and a combined weekly volume above $5 million

• Tier 3: At least 30 active users using your referral codes per week and a combined weekly volume above $25 million

If your account fulfils this criteria, please get I touch with one of our mods on telegram or discord.

Rebates and discounts apply on the opening and closing fees for leverage trading.

The opening and closing fees are 0.1% on LIF3, there is no price impact for trades and zero spread for tokens like BTC and ETH, rebates are calculated before user discounts so referrers earn on the full maker fee and from what would otherwise be spread on other exchanges. As a result, referrers would earn equivalent amounts of rebates per volume on LIF3 when compared to other referral programs.

Note that there is a cap of 5,000 esLIF3 distributed per week. If the price of LIF3 is $30 the full 5% bonus can be paid for total Tier 3 referral volumes up to $3 billion per week. esLIF3 tokens distributed for this program will not require LIF3 or LLP to vest, the vault to vest the tokens will be available towards the end of Q1 2023.

The price of esLIF3 will be based on the 7 day TWAP of LIF3.

Wallet providers and other protocols will be eligible for Tier 2 and Tier 3 rewards as well.