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?
Access the referral page on Mangrove dApp
Select “Create a referral link” and sign the transaction on your wallet
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
Bob refers Alice to Mangrove.
Alice earns 100 points from her market volume.
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.
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