# Referrals

{% hint style="info" %}
Trades must be placed from the Ventuals frontend ([ventuals.com](https://ventuals.com/)) to count towards your referral rewards.
{% endhint %}

Referrals allow you to earn fees generated from people that you refer to trade on Ventuals.

<figure><img src="/files/TMFGlh9EcPVbCOS9EISw" alt=""><figcaption></figcaption></figure>

## Referral tiers

The more vHYPE you hold, the higher your referral rebates and rewards are.

<table><thead><tr><th width="137.84375">Referral Tier</th><th width="169.83203125">Staked vHYPE</th><th width="157.10546875">Referral Rebate</th><th>Referral Rewards (L1 / L2 / L3)</th></tr></thead><tbody><tr><td>0</td><td>&#x3C;10 HYPE</td><td>10%</td><td>10% / 0% / 0% (10% total)</td></tr><tr><td>1</td><td>≥ 10 HYPE</td><td>10%</td><td>10.5% / 3% / 1.5% (15% total)</td></tr><tr><td>2</td><td>≥ 100 HYPE</td><td>10%</td><td>14% / 4% / 2% (20% total)</td></tr><tr><td>3</td><td>≥ 1,000 HYPE</td><td>15%</td><td>21% / 6% / 3% (30% total)</td></tr><tr><td>4</td><td>≥ 10,000 HYPE</td><td>20%</td><td>28% / 8% / 4% (40% total)</td></tr><tr><td>5</td><td>≥ 100,000 HYPE</td><td>20%</td><td>42% / 12% / 6% (60% total)</td></tr></tbody></table>

## Making referrals

### Rewards

Referrers will receive a portion of the trading fees generated by their referrals.

Referral reward tiers start at 10% and increase to 60% based on the amount of vHYPE you hold.

Referral rewards apply up to three referral levels away (e.g. L1: your referral, L2: your referral’s referral, L3: your referral’s referral’s referral).

| Referral L1          | Referral L2              | Referral L3                         |
| -------------------- | ------------------------ | ----------------------------------- |
| Your direct referral | Your referral's referral | Your referral's referral's referral |

Referrals rewards apply to both builder code and Ventuals deployer fees, for the referred user’s first $50M of volume traded through the Ventuals frontend app (tracked with builder codes).

Users receive a referral code after they’ve done $10,000 or more in trading volume on the Ventuals frontend. Referral codes cannot be changed once generated.

## Using referrals

### Rebates

When you sign up on Ventuals with someone else’s referral code, you’ll receive a trading fee rebate.

Referral rebates start at 10% and increase to 20% based on the amount of vHYPE you hold.

Referral rebates apply to both builder code and Ventuals deployer fees, on your first $10M of volume traded through the Ventuals frontend app (tracked with builder codes).

Users are only eligible to use a referral code *before* they’ve done $10,000 in trading volume on the Ventuals frontend.


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