Individual traders and community partners can earn "broker" fees when generating trading volumes!

The "broker" fees scheme is a flexible scheme by which partners can earn fees on individual trades that users make (not only in the initial account creation phase).

How to earn broker fees

Register for the broker program: form.
1. You may generate fees even before being approved, but make sure to submit you application within 2 weeks.
Place your "Derive Wallet" address (or the referral code which you registered in the form above) in the referral_code field when sending orders via private/order. Note, this referral_code can be passed in through both the WebSocket and REST APIs.
1. Brokers may refer users via "referral links" generated by the UX. These will automatically fill the referral_code field.
2. You can find your "Derive Wallet" in "Home" -> "Developers"

For more on integrating with the Derive API see onboarding

Viewing your rewards

Go to the Broker dashboard: https://pro.derive.xyz/broker
Type in your referral code (case sensitive)

Fee tiers

You can instantly begin earning 10% of the trade fees by using the above method.

Level	28-Day Volume	AND/OR	stDRV Holdings	Fee Share
5	≥ 500M	AND	≥ 1M	50%
4	≥ 500M	OR	≥ 1M	40%
3	50-500M	OR	≥ 500K	30%
2	5-50M	OR	≥ 200K	20%
1	< 5M			10%

Note: fee share will be taken from the net trading fees earned by the exchange, which take into account any reduced fee tiers or market maker rebates. The final fee reward for a broker is calculated as:

For taker orders (when the opposite maker has a positive fee rate): fee share * (taker trade fee)

For taker orders (when the opposite maker has a negative fee rate): fee share * (taker trade fee - maker rebate)

For maker orders (when positive): fee share * maker trade fee

For maker orders (when negative): fee share * (taker trade fee - maker rebate)

Builder Fee

On top of broker fees, integrators that are approved for the API Broker program can also add a "builder fee" which is directly passed on to the integrator. See next page for more.

*The program outlined above and all numbers provided are subject to change. All applicants are subject to review and approval by the Exchange. The API Broker program is opt-in so all participants must provide all relevant information to be considered for rewards.