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Overview

Protocol referrals allow you to earn a percentage of trading fees from users you refer to Token Layer. This creates a passive income stream as your referred users trade.

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Eligibility

To create a referral code, you must:
Complete $10,000 in trading volume on Token Layer
Once you meet this threshold, you can create your referral code at app.tokenlayer.network/earn.

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Earning Structure

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Referrer Rewards

10% Commission

You receive 10% of your referred users’ fees, less any fee discount they receive

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Reward Limits

  • Referral rewards apply for a user’s first $1 billion in volume
  • After $1B, the referrer no longer earns from that user’s trades

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Fee Discounts for Referred Users

Users who enter your referral code receive:

4% Fee Discount

A 4% discount on all trading fees for their first $25 million in volume
This discount makes your referral code attractive to new users while you still earn from their activity.

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How to Share Your Referral Code

Once you create a referral code (e.g., MYCODE), share it using: 
https://app.tokenlayer.network/join/MYCODE

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Where to Share

Social Media

Twitter, Discord, Telegram, etc.

Content

Blog posts, videos, tutorials

Communities

Trading groups, forums, chats

Direct Messages

Personal recommendations

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Claiming Rewards

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Accrual

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Claiming

1

Minimum Balance

Wait until your rewards exceed $1
2

Claim

Click “Claim” on the earn page
3

Receive

Claimed rewards are reflected in your spot balance immediately

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Using a Referral Code

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As a New User

If you want to receive a fee discount, you can:
  1. Enter a code directly: Visit app.tokenlayer.network/earn
  2. Use a referral link: Click a friend’s referral link (e.g., app.tokenlayer.network/join/THEIRCODE)

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Benefits

4% Fee Discount

Save 4% on trading fees for your first $25 million in volume

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Important Notes

Referral discounts do not apply to:
  • Vaults
  • Sub-accounts
These are treated as independent accounts in the clearinghouse.

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Example Calculation

Let’s say you refer a user who does $1,000 in trading fees:
  1. User’s discount: 1,000×41,000 × 4% = 40 (user saves $40)
  2. Net fees: 1,000−1,000 - 40 = $960
  3. Your commission: 960×10960 × 10% = **96**
The user saves money, and you earn passive income!

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API Integration

Create and manage referral codes programmatically:

Create Referral Code

POST /create-referral-code

Enter Referral Code

POST /enter-referral-code

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Best Practices

Quality over quantity: Focus on referring active traders who will generate consistent volume
  • Create educational content about Token Layer
  • Highlight the unique features (omnichain tokens, low fees, etc.)
  • Be transparent about the mutual benefits
  • Track which channels drive the most referred volume

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Questions?

For more information about protocol referrals, contact us at [email protected].