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Referral Points

Encouraging ecosystem growth and a tight community, the Referral Program rewards users who introduce active traders and liquidity providers to Mangrove. Both referrer and referee receive a 10% bonus on trading and LP points.

How does it work?​

  1. Access the referral page on Mangrove dApp
  2. Select “Create a referral link” and sign the transaction on your wallet
  3. Share your link on social media and with your friends
    • For each maker & trader point they generate they get 10% extra as Referral points.
    • You earn 10% of their boosted maker and taker points as Referral points. Their points are unaffected by the extra 10% points that you receive.

🥳There is no limit on the number of referrals. The more friends join the party, the more points for you!

🎈You receive your referral points based on the boosted amounts of points earned by the referee. However your own boost level doesn’t affect your referral points.

Example​

  1. Bob refers Alice to Mangrove.
  2. Alice earns 100 points from her market volume.
  3. Alice has her boost applied, giving her an end total of 250 points
  • Alice's bonus: Receives an extra 25 points (0.1 * 250) as a referral bonus, totaling 275 points.
  • Bob's benefit: Earns 25 points (10% of Alice's boosted 250 points) for referring Alice.

This referral program rewards both Alice for her activities and Bob for bringing a new participant to Mangrove.