# Referral Rewards

The Referral Program is designed to reward users for bringing new traders to the platform while incentivising high-quality trading activity. Rewards are distributed in the form of points, calculated using PnL-weighted volume to discourage wash trading and low-signal volume.

Both the **referrer** and the **referee** benefit from the program.

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### Eligibility & Roles

#### Referrer

A referrer is an existing user who has met the minimum trading requirement and can generate a referral link.

**Eligibility**

* User must have lifetime trading volume > $100
* If the requirement is not met:

  * Referral code generation remains locked

  <figure><img src="https://1657856391-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F9PPmQUqKi2Up4MeYZZ0C%2Fuploads%2FLVtwZRtQh8Lm7pIcFAT5%2Fimage.png?alt=media&#x26;token=f5486f50-b5f2-4a76-a0f3-43a8624df1af" alt=""><figcaption></figcaption></figure>

**Referral Code Generation**

Once unlocked:

* User can click [**Generate Referral Code**](https://probable.markets/points)
* A unique referral URL and code is generated

**Referrer Rewards**

* Referrer earns **10% of the points generated by each referee**
* Rewards are calculated and distributed per epoch (weekly)

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#### Referee

A referee is a new user who joins the platform using a referral code or referral link.

**Who Qualifies as a New User?**

* A user who has not yet created an account or proxy wallet; or is depositing the funds for the first time
* Existing users cannot retroactively apply a referral code

**Referral Entry Paths**

There are two supported ways for a referee to join:

**1. Referral Code During First Deposit**

* When a user deposits for the first time, users can input the referral code
* The existing deposit modal is used in such cases

<figure><img src="https://1657856391-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F9PPmQUqKi2Up4MeYZZ0C%2Fuploads%2FdjkgMSTYefgLQhpjblA7%2Fimage.png?alt=media&#x26;token=dc9ef0cd-1217-42aa-b741-e9c875f03ec5" alt="" width="375"><figcaption></figcaption></figure>

**2. Referral Link Flow**

* User clicks the referral link
* User connects wallet and creates proxy wallet
* Referral code is automatically applied and linked with the user account

**Referee Rewards**

* Referee earns **100% of the points generated by their own activity**
* Points are calculated using PnL-weighted trading volume mechanism

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#### Why PnL-Weighted Volume?

Wash trades typically generate near-zero PnL, even if volume is high. By weighting volume using PnL, the system naturally discounts wash trading and rewards meaningful trading activity.

{% hint style="success" %}
**Whether the PnL is positive or negative doesn’t matter, the score is based on absolute value.**
{% endhint %}

#### How to maximise point generation via referral program?

* Execute genuine trades that generate real PnL (positive or negative doesn't matter), as points are calculated using PnL-weighted volume (wash trades with near-zero PnL earn little to no points).
* **Refer new active traders**: Share your referral link with new users - earn **10% of the points** they generate through their own PnL-weighted trading activity.
* **Increase sustained trading activity across epochs**: Trade consistently each week to accumulate higher PnL-weighted volume, improving your share of points distributed in every epoch.