Referral
Invite friends to trade on HertzFlow and earn fee rebates. Your referrals get a fee discount too.
How It Works
The referral program has a two-level structure:
L1 (Direct) — you invite a friend; they trade; you earn a rebate on their fees
L2 (Indirect) — your friend invites someone else; you earn a smaller rebate on that person's fees too
Rebates stack — the same fee can generate both an L1 and L2 rebate to different people. The chain stops at two levels.
For Traders: Get a 5% Fee Discount
Any trader who binds a valid referral code receives a flat 5% discount on position open/close fees. This discount is the same regardless of your referrer's tier.
The 5% discount applies to position open/close fees only. It does not apply to borrow fees, funding fees, or Hyper Lev mode fees.
How to bind a code
Go to Rewards → Referral → Trader Discount
Enter a 6-character code and click Bind
Your discount takes effect on your next trade
You can re-bind to a different code at any time with no limit on re-binds. Historical data is preserved; rebate attribution switches to the new referrer from the moment you re-bind.
First-time users: A binding popup appears automatically when you first connect your wallet. You can bind a code or skip — the prompt only shows once per address.
For Referrers: Earn Rebates
Creating a referral code
Go to Rewards → Referral → Affiliates
Click + Create New Code
Enter a 6-character code (letters + numbers; pure numbers not allowed). Codes are globally unique.
Sign with your wallet to register the code on-chain
How rebates are calculated
Rebates are calculated on the actual fee paid (after the 5% referee discount):
Referee discount
fee × 5% (deducted first)
Your L1 rebate
fee_before_discount × your Tier's L1 rate
Your L2 rebate
fee_before_discount × your Tier's L2 rate
Rebates accrue in USDT and are claimable on-chain at any time. Gas is paid by you when claiming.
Hyper Lev mode: Fees in Hyper Lev mode are based on profit share, not position fee. Hyper Lev trades do not generate rebates (since no position fee is charged). However, a referral who trades in Hyper Lev mode does count toward your Active Referrers headcount, and do count toward Monthly Referred Volume for Tier purposes, as real trading activity has occurred.
LP fees: Liquidity pool deposit and withdrawal fees do not generate referral rebates and are not eligible for the referee discount. Only position open/close fees in Normal mode participate in the referral program. LP yield (holding returns) is also excluded.
Settlement: Rebates are calculated in a daily batch at 00:00 UTC. The claimable balance in your dashboard reflects settled amounts; today's trades appear the following morning.
Tier System
Your Tier determines your rebate rates. Tiers are reviewed monthly at each calendar month end. You must meet both conditions simultaneously to maintain or advance:
Tier 1
No requirement
No requirement
10%
5%
5%
Tier 2
≥ 15
≥ $10M
20%
10%
5%
Tier 3
≥ 40
≥ $80M
30%
15%
5%
Active referrer — a wallet address that has bound your code directly (L1 only) and completed at least 1 trade with a notional size ≥ $10 during the calendar month. L2 referrals do not count toward this metric. This count resets monthly.
Monthly Referred Volume — the total notional trading volume (open + close) generated by your L1 and L2 referrals over the rolling 30-day window. Hyper Lev trades are excluded. This metric updates in real time on a rolling basis.
Tier upgrades and downgrades take effect at the start of the following month. You'll receive an in-app notification if your Tier is downgraded.
Rebate Example
Setup: A (Tier 3) invited B (Tier 2), who invited C. C opens and closes a trade generating $100 in fees.
C's discount
$100 × 5%
−$5 → C pays $95
B's L1 rebate
$100 × 20% (B's Tier 2)
$20.00
A's L2 rebate
$100 × 15% (A's Tier 3)
$15
Code Management
Changing your code: When you replace an existing code with a new one, the old code immediately expires and is released. All wallets that had bound the old code retain their referral relationship with you — their rebate attribution continues uninterrupted under the new code.
Migrating your wallet: You can transfer your referrer identity (all downstream relationships and claimable balance) to a new wallet with a single signature. The old address is zeroed out after migration.
FAQ
Can I use my own referral code? No. Self-referral is not allowed.
What happens to my data if I re-bind to a new code? Your historical discount savings are preserved. Rebate attribution switches to the new referrer immediately for future trades.
Does my referrer's Tier affect my discount? No. The trader discount is always 5%, regardless of your referrer's Tier.
When are rebates settled? Rebates are calculated in a daily batch at 00:30 UTC (T+1). The claimable balance in your dashboard reflects settled amounts; today's trades appear the following morning.
What if my Tier drops? You receive an in-app notification at the start of the new month. The new rates apply from that point; historical rebates are unaffected.
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