# Tiers 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.lif3.com/lif3-trade/referrals/tiers.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.