# Referral Tiers

The more trading volume is realized, and the higher the referral tier, the more you earn.

Rewards are distributed depending on the Referral Tier of a Referral Link. The higher your Tier, the greater the rewards. To climb up Referral Tiers, certain conditions must be met. 

<figure><img src="/files/TqeDzJoaDbhWayB9DZIM" alt=""><figcaption></figcaption></figure>

**What is the Referral Whitelist?**\
Users that are approved for the Whitelist have access to much higher rebate and discount rewards from the Referral Program, up to a maximum of 12% Referrer rebate and 9% Trader discount for Tier 3.

{% hint style="info" %}
For a referrer to get **Whitelisted** status, they will need to fill out the following form:\
[**Apply for Whitelist**](https://forms.gle/bn6u7HMVR4QgceXZ9)
{% endhint %}

{% tabs %}
{% tab title="Regular Referrers" %}

| Tier         | Referrer Rebate | Trader Discount |
| ------------ | --------------- | --------------- |
| 1            | 2%              | 2%              |
| 2            | 3%              | 3%              |
| 3            | 5%              | 3%              |
| {% endtab %} |                 |                 |

{% tab title="Whitelisted Referrers" %}

| Tier          | Referrer Rebate | Trader Discount |
| ------------- | --------------- | --------------- |
| 1             | 5%              | 5%              |
| 2             | 7%              | 7%              |
| 3             | 12%             | 9%              |
| {% endtab %}  |                 |                 |
| {% endtabs %} |                 |                 |

#### **Example: Tier 2&#x20;*****Regular*****&#x20;Referral Link**&#x20;

During a week, the referrer collects $10,000 in fees incurred from traders using his referral link

* **Referrer income**: For $10,000 and a Tier 2 regular referral link, the referrer will receive $300 (3% rebate to the referrer)
* **Trader income**: If some referred trader incurred $500 in trading fees, they will receive $15 cashback in preLVL tokens (3% discount to the trader)

{% hint style="info" %}

* Rewards are paid **every week** in preLVL tokens.&#x20;
* You can freely **choose** on which chain to claim the rewards.
* The applicable price of preLVL will be calculated using a **7-day TWAP of LVL** (time-weighted average price) from various exchanges.
  {% endhint %}


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