Referral System

The Paddle Finance referral system is integrated with our ambassador program and is designed to reward users for bringing new participants to the platform through a flexible and transparent structure. By sharing invitation codes, users can earn a share of the platform fees from every loan or OTC trade completed by their invitees.

How It Works:

Invitation Codes:

• Every user receives a unique invitation code to share with others.

• When someone signs up using your code, a permanent referral relationship is established. This relationship is valid across all chains where Paddle is deployed.

• Self-invitations are not allowed.

Earning Referral Fees:

• When your invitees participate in a trade (loan or OTC), you earn 10% of the platform fee for being the inviter of one counterparty (buyer/seller or borrower/lender).

• If both counterparties are your invitees, you earn 10% from each party, doubling your referral earnings for that trade.

Referral Fee Split:

• Up to 20% of the platform fee will be shared between the inviters:

  • 10% goes to the inviter of one counterparty.

  • 10% goes to the inviter of the other counterparty.

• If a counterparty does not have an inviter, Paddle Finance will retain that 10%, ensuring sustainable revenue for the platform.

Additional Features:

• Permanent Referrals: Once a referral relationship is established, it remains in place for all future trades made by your invitee.

• No Exploitation: Self-referrals and suspicious activities (e.g., creating fake accounts or trading with your own invitees) will be monitored and penalized.

Tiered Referral System:

The referral system scales based on the number of people you refer and your referral trade volume:

• Level 1: 10% fee share.

• Level 2: 20% fee share (based on increased volume or referrals).

• Level 3: 30% fee share (for top-tier users with the highest referral activity).

Example Calculation:

• Assume current platform fee = 1%.

• As a Level 1 user, if you invite a seller who sells an NFT for $10,000, you will earn:

  • $10,000 x 1% x 10% = $10.

• If the buyer is also your invitee, you earn another:

  • $10,000 x 1% x 10% = $10.

• In total, you would earn $20 from that trade.

Claiming Referral Fees:

• Inviters can claim their earned commissions in real time via their personal dashboards.

Referral System During Free Trial

Although we are currently in a free-trial period, the Tiered Referral System is still active. Your tier level will be determined by the number of people you refer and the volume of their trades.

By achieving a higher tier early on, you’ll be in a strong position to earn a higher percentage of referral fees once the platform begins charging fees. This means the better your tier during the free trial, the more you’ll benefit when fees are introduced.