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 in the
referral_code
field when sending orders viaprivate/order
. Note, thisreferral_code
can 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_code
field. - 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
Fee tiers
You can instantly begin earning 10% of the trade fees by using the above method.
Broker Level | Volume Range | stakedDRV | Fee Share | |
---|---|---|---|---|
Level 5+ Broker | $100M – ∞ | AND | ≥ 500,000 | 50% |
Level 4 Broker | $100M – ∞ | OR | ≥ 500,000 | 40% |
Level 3 Broker | $10M – $100M | OR | ≥ 250,000 | 30% |
Level 2 Broker | $1M – $10M | OR | ≥ 100,000 | 20% |
Level 1 Broker | $1M – $10M | 10% |
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)
.