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The referral program pays you a share of the taker fee on trades made by members you referred. It’s one of the two reward types on Calibri — see Rewards for the maker rebate and the shared payout mechanics.

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How it works

  1. You refer someone. They join Calibri through your referral.
  2. They trade as the taker. Whenever a member you referred crosses the book and pays a taker fee, you (the referrer) accrue a percentage of that fee.
  3. You get paid. Referral rewards accrue live and are paid out by the daily sweep.
The reward is tied to your referred members’ taker activity — the side that takes liquidity and pays the fee — not their maker (resting-order) activity.
Because the reward is a share of the taker fee, a referred trade that pays no fee (for example at a very lopsided price — see Fees) generates no referral reward.

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The rate

Referral rates are operator-set per market category and may be zero. The applicable rate is published in the rewards schedule and shown in-app — this page describes the mechanism, not the numbers.

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How and when you’re paid

Referral rewards follow the same flow as every other reward (full detail in Rewards):
  • Accrue live. Each qualifying referred trade records a pending referral reward. Nothing moves for the reward at trade time — only the taker fee moves.
  • Watch it grow. Your pending total is readable in near-real-time; the rewards response separates maker and referral amounts:
  • Daily payout. A daily sweep pays out pending rewards, independent of whether any market has resolved.
  • Paid to your Safe. Referral rewards are paid on-chain to your Safe. A referrer with no registered Safe stays accrued until one exists, and amounts below gas cost roll into the next sweep rather than being lost.

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Voided markets

If a referred trade’s market is voided, each share pays 0.50 and the taker fee is refunded (see Voids and postponements). Referral rewards that are still pending for it are removed; referral rewards already paid are not clawed back — you keep them.

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Track your referrals

Your referral earnings — pending and paid — are visible in-app and via the API’s rewards endpoints (see the API Reference).

Rewards

Maker rebates, the daily sweep, and payout mechanics.

Fees

The taker fee that funds every referral reward.