Referrals
Trading referrals
Share your referral link from the app. When someone binds you as their referrer:
| Who | Share of each trading fee |
|---|---|
| The trader you referred | 5% discount, credited back to their free balance |
| You | 10% |
| Your own referrer (second level) | 2.5% |
This applies to the open fee, and to the close fee and win fee, including fees taken later when a queued profit is paid.
- A trader binds a referrer once, from their account. It cannot be changed later.
- You cannot refer yourself, and a referral that would close a loop (you referring your own referrer) is refused.
- Your link is
https://parchment.trade/?ref=<your address>. - If Parchment pauses referrals, trades keep working but no referral shares or discount accrue until it lifts.
- Earnings go to your free balance. If you have no account yet, they wait and are added when you create one. Withdraw them like any other balance.
Staking referrals
Separate from trading referrals. A staker can bind a staking referrer once, before their first staking reward. The referrer earns 10% of that staker's rewards and the referrer's own referrer 1%, paid by the treasury. The staker's reward is never reduced. See Staking.