GMX Referral Program Update
GMX ·
GMX is streamlining its referral program on Arbitrum. The changes introduce a more sustainable reward structure for affiliates, automatic fee discounts for high-volume traders, and a new institutional tier. The referral program on other networks is not affected. All traders referred via Tier-1 referral codes keep their existing 5% trading fee discount. Traders referred via a Tier 2 or Tier 3 code retain a 10% discount. Neither changes as a result of this update to the referral program, regardless of how long a referral code has been active. What does change because of this program update is the affiliate reward side: Affiliate rewards for a given trader will be reduced to 0% after either of the following thresholds is reached on Arbitrum: 12 months have elapsed since the trader applied the referral code or $20,000 in affiliate rewards has been paid out for that one single trader’s activity When this threshold is reached, the trader’s referral code is automatically replaced by a protocol-assigned discount code that preserves their existing fee discount. The trader’s discount is therefore unaffected. This mechanism applies per trader, and takes effect retroactively. GMX is also introducing organic VIP Tiers on Arbitrum: traders who reach $50M in lifetime trading volume will now automatically receive a 5% fee discount, with no manual referral code setup required. At $250M in lifetime volume, that becomes a 10% discount. The protocol assigns these codes programmatically; traders receive the discount automatically. A new tier has been created for institutional participants, large-volume affiliates, and major GMX integrators on Arbitrum. For all the details of this update, please refer to the GMX DAO governance forum and the updated referral program documentation: > https://gov.gmx.io/t/gmx-referral-program-update/5131/8
DYAX Investor Sentiment
Bullish (Long) 34% · Bearish (Short) 66%
309 participants
Related News
- Ondo Trading Competition: trade tokenized stocks on BNB Chain for 0% fees, share $100,000
- Happy birthday, Moo Deng: Thai zoo plans three-day birthday bash for viral pygmy hippo
- TeraWulf eyes $3.5B debt raise for Anthropic-linked data center: Report
- North Carolina Bill Recognizes CFTC's ‘Federal Regulatory Authority’ Over Prediction Markets
- North Carolina Bill Recognizes CFTC's 'Federal Regulatory Authority' Over Prediction Markets
- Circle Receives Final OCC Approval to Establish National Trust Bank