# Incentive Emissions Traders and Referrers get a Rebate/Discount based on their [Tier](/incentive-programs/referral-program/referral-tiers.md). Referral rewards apply automatically for trading fees incurred by the following actions: * Executing a Swap * Opening or increasing the size of a Leverage Trade position * Closing or decreasing the size of a Leverage Trade position * Having your Leverage Trade position liquidated * Borrowing fee paid when increasing or decreasing a position Based on your Referral Tier, these points are redeemable for preLVL every week. All preLVL rewards gained through this program have a **7-day vesting period** on the chain of your preference. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.level.finance/incentive-programs/referral-program/incentive-emissions.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.