Refer traders to N1 and earn a share of the fees and points they generate. This article covers the terms; see How invite codes and referral links work for the step-by-step.
Unlocking referrals
Referral benefits unlock after you reach $1,000 in trading volume. Until then you can still see the Referrals section in Rewards, but benefits do not accrue.
What you earn
- 10% fee share — a share of eligible trading fees from each person you refer.
Referral rewards are paid in USDC and come from eligible trading fees.
What your friend gets
- 5% discount on eligible trading fees.
The discount applies while your friend is on the discounted fee ladder. It ends once their combined maker and taker quote volume from complete discounted UTC days reaches $5M, after which they move to the standard fee ladder at their usual tier.
Payouts
Referral rewards are calculated weekly from eligible trading fees. Each reward week runs from Tuesday at 00:00 UTC to the next Tuesday at 00:00 UTC.
Activity at or after the Tuesday cutoff belongs to the next reward week. The cutoff closes the calculation period; it does not guarantee that a reward is immediately available to claim.
Tracking your referrals
Open Rewards → Referrals to see your stats and payout records:
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Users invited — the traders attributed to you.
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Referred volume — the combined lifetime trading volume of the traders you referred. It does not include your own trading volume, and it is not the same as the eligible fee total used to calculate a weekly reward.
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Rewards earned — the USDC from your fee share, paid and pending.
Referral rewards are calculated weekly from eligible trading fees.