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Referral links design
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| Referral links design | |
| First we lower the taker fee by 1bp and reduce maker rebate by 1bp on all markets to -3 bps maker and 4 bps taker. | |
| Referrers receive 0.8bps of the taker fee if they have >10,000 MNGO in their mango account. | |
| A user who creates an account from a ref link get 0.2 bps reduced fees. | |
| If a user (referred or not) has 10k MNGO in their mango account, they will get a taker fee reduction of 1bp. | |
| If the user doesn't have 10k MNGO and he doesn't have a referrer, he pays an additional 1bp taker fee so it's back at 5bps. |
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(#'s are in bps)
Max refers Klossie, who takes from Daffy:
Klossie pays 4.8, Daffy gets 3, Max gets 0.8, DAO gets 1
Klossie now has 10k MNGO, takes again from Daffy:
Klossie pays 4, Daffy gets 3, DAO gets 1
Crusher has no MNGO, not referred, takes from Daffy:
Crusher pays 5, Daffy gets 3, DAO gets 2