Referrals are LIVE for Mycelium Perpetual Swaps

Referrals are LIVE for Mycelium Perpetual Swaps, with up to 20% off our already low trading fees. Referrers and traders mutually benefit when trading off a referral code, with boosted discounts as per volume traded.

Referral programs are a great way for our community to spread the trading fever and Mycelium is excited to reward eligible participants with up to 20% in discounts.

How to get started with referrals

Anyone can generate a code here.

The mechanism is simple.

Referrers earn commissions from the trading fees generated by users of their code.

Traders using the code can claim a trading fee discount when using the code.

Referrers earn commissions, Traders claim discounts. Simple and effective by delivering an enhanced trading experience by putting money back in Swaps’ user wallets.

How commissions and discounts are distributed

Every fortnight, both referrers and traders will be able to claim their commission and trading fee discounts accumulated over the previous 14 days. These will be visible and trackable on the referrals page.

The fee discounts will be applied to entry/exit fees, making trading Perpetual Swaps with Mycelium cost-effective for all traders taking out positions.

How to get a 20% discount

The discounts are tiered by volume traded.

We have structured the discount tiers and mechanics of the referral discount program for ease of use.

The more volume traded = the higher your discount will have.

There are three tiers of trading discounts: 5%, 10%, and 20%

Tier 1:

How to access Tier 1 for 5% discounts? Do nothing! This tier gives traders and referrers access to 5% trading discounts regardless of the volume they trade with Mycelium Perpetual Swaps.

Tier 1 Trader = 5% off trading fees for code users

Tier 1 Referrer = 5% commission on fees for referrers

Tier 2:

How to access Tier 2 for 10% discounts?

  1. Have at least 10 active traders using the referral code each fortnight
  2. Combined weekly volume of + $5 million

Tier 2 Trader = 10% off trading fees for code users

Tier 2 Referrer = 10% commission on fees for referrers

Tier 3:

How to access Tier 3 for 20% discounts?

  1. Have at least 20 active users using the referral code each fortnight
  2. Combined weekly volume of + $20 million

Tier 3 Trader = 20% off trading fees for code users

Tier 3 Referrer = 20% commission on fees for referrers

FYI on upgrading tiers:

If you are outperforming the requirements for your current tier: Referrers will need to fill out a form to update the volume traded on the code to increase your discount rate!

See the relevant form on the “Referrals” page.

Spread the trading fever today: Referrals.

Trade with liquidity, leverage, low fees.

Trade with Mycelium.

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Mycelium

Mycelium

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Trade with liquidity, leverage, and low fees. Trade with Mycelium. DeFi derivatives, hosted on Arbitrum.