> For the complete documentation index, see [llms.txt](https://docs.perpl.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.perpl.xyz/exchange/referrals.md).

# Referrals

The referral system is designed to reward one thing: bringing in traders who trade.

#### How It Works

When someone joins using your code and trades, you earn a share of their fees. When *they* refer someone who trades, you earn from that too.

<figure><img src="/files/RhQKl1WKD3PV7vxA4WnG" alt=""><figcaption></figcaption></figure>

***

#### Referral Rewards

Your referral network has two degrees:

* **First-degree** — traders who joined using your invite code
* **Second-degree** — traders who joined using your referrals' invite codes

You will earn:

* **10%** of trading fees from first-degree referrals
* **5%** of trading fees from second-degree referrals

Both the referrer and the referee also earn a **points bonus**. Each side earns an extra 5% on the referee's trading points.

Epoch snapshots are taken every Wednesday at 16:00 UTC. Transfers are processed biweekly. Circumstances permitting.

***

#### Tracking Your Referrals

Track your active referrals, cumulative earnings, and invite code usage on the referral page:

[app.perpl.xyz/referrals](https://app.perpl.xyz/referrals)

***

#### Summary

|                   |                                         |
| ----------------- | --------------------------------------- |
| 1st-degree reward | 10% of fees, per referral               |
| 2nd-degree reward | 5% of fees, per referral                |
| Payouts           | Bi-weekly, within 3 days of each Monday |
| Tracking          | Live on the Referrals page              |