Referral Program

Earn rebates through the LPBASE refferal program.

Create a referral code

Users can create a referral code on the Referrals page to become a referrer, which needs to be confirmed on-chain. Referral codes are unique and exclusive. Once you've created your code, click the copy icon next to the code to get your referral link.

Users can share the link on any platform, e.g. Twitter, or Telegram. When a user clicks on your link, your referral code will be stored in the user's browser cache. Once the referred user completes his first on-chain operation on Hotbit, the referral relationship is established and cannot be changed. The referral relationship is only established through the invitation link and cannot be manually entered or changed with a referral code.

Rewards

Unlike most referral programs that only reward the referrer of traders, LPBASE also rewards the referrer of liquidity providers. The referral reward is calculated daily and issued as 5LP token. You can choose to claim or compound at any time.

Referrer of Liquidity Providers

The rewards for referrer of liquidity providers are calculated separately for each pool. The reward for each pool is 5% of all fees generated by the pool one day and is calculated based on the staked LP amount and weight at the end of the day.

For each pool,

Your rewards = 5% Fee from the pool * Total staking points by liquidity providers referred by you / Total staking points

e.g.:

Assume that there are a total of only 3 Liquidity Providers in a certain pool, and the fee generated by this pool on the day is $1,000.

	Staked LP Amount	Weight	Referred by
Liquidity Provider 1	10,000	1	User A
Liquidity Provider 2	10,000	6	User A
Liquidity Provider 3	10,000	10	User B

Total staking points=10,000*1+10,000*6+10,000*10=170,000

Rewards for User A=5%*1,000*(10,000*1+10,000*6)/170,000=$20.59

Rewards for User B=5%*1,000*(10000*10)/170,000=$29.41

Referrer of Traders

15% of fees generated will be given to the referrer of the traders, which is calculated based on the points at the end of the day.

For referrers of traders, they earn 1 trading point for every $1,000 in trade volume completed by their referred traders. The insufficient trade volume is accumulated and calculated for the next day.

Your rewards = 15% of fees generated * Your Trading Points / Total Trading points

e.g.:

Assume that on a certain integrator, only 5 users have made transactions. Their referrers and other specific information are as follows:

Trader	Trading Volume	Referred by
1	10,000	A
2	20,000	A
3	20,000	B
4	50,000	B
5	50,000	C

Assume that the total fees on the day is $1,000.

User	Trading Points	Rewards
A	(10,000+20,000)/1,000=30	15%*1,000*30/150=$30
B	(20,000+50,000)/1,000=70	15%*1,000*70/150=$70
C	50,000/1,000=50	15%*1,000*50/150=$50
Total	150	$150