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API Reference

API Broker

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

  1. 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.
  2. Place your "Derive Wallet" address 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

Fee tiers

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

Broker LevelVolume RangestakedDRVFee Share
Level 5+ Broker$100M – ∞AND≥ 500,00050%
Level 4 Broker$100M – ∞OR≥ 500,00040%
Level 3 Broker$10M – $100MOR≥ 250,00030%
Level 2 Broker$1M – $10MOR≥ 100,00020%
Level 1 Broker$1M – $10M10%

Note, fee share will be taken from the net fees earned by the exchange, which take into account any reduced fee tiers or market maker rebates. So the final fee reward for a broker would be: fee share * (trade fee - maker rebate).