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Note: The referral system described below is not live yet. It is scheduled to go live in early January 2026. Referral USDC rewards distribute a portion of trading fees when a referred user executes a buy trade on 1st. USDC rewards apply only to executed buy trades and are calculated automatically at settlement.

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How USDC rewards are distributed

When a referred user executes a buy trade:
  • A portion of the trading fee is paid to the referrer
  • A portion of the trading fee is rebated to the referred user
Both rewards are settled instantly in USDC. The distribution is as follows:
  • The referrer receives 0.30% of the USDC trade value
  • The referred user receives a 0.15% USDC fee rebate
These rewards are funded from the standard buy-side trading fee and do not increase the total fee paid to the market.

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Example

  • A referred user buys $10,000 worth of a mirror token
  • The referrer receives $30 USDC
  • The referred user receives $15 USDC back as a fee rebate

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Important notes

  • USDC referral rewards apply only to buy trades
  • Sell trades do not generate USDC referral rewards
  • Rewards are credited only for executed and settled trades
  • Unfilled or canceled orders do not generate rewards