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.
- 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_codefield when sending orders viaprivate/order. Note, thisreferral_codecan be passed in through both the WebSocket and REST APIs.- Brokers may refer users via "referral links" generated by the UX. These will automatically fill the
referral_codefield. - You can find your "Derive Wallet" in "Home" -> "Developers"
- Brokers may refer users via "referral links" generated by the UX. These will automatically fill the
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): 0
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.