> For the complete documentation index, see [llms.txt](https://docs.hyperlink.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hyperlink.xyz/trade/referral-program.md).

# Referral Program

HyperLink Referral Program rewards: earn fee cashback with a referral code or earn commissions from traders you refer directly.

Link a referral code with an available slot to earn cashback on eligible HyperLink fees, or register your own code to earn commissions from traders you refer directly.

Rewards come only from HyperLink fees. Fee-exempt trades, including growth-mode Perps, still count toward weighted volume but generate no cashback or commission. See [Fees](/trade/fees.md) for eligibility and waivers.

**Weighted volume:** Regular perps count 1x and growth-mode perps count 0.1x. Spot counts 2x, except pairs between quote assets, which count 0.4x. All volume thresholds use these weights; fees and rewards use actual trade amounts.

Reward periods start when the code is linked, or at program launch for codes linked earlier. Only volume after that start counts toward cashback limits and commission tiers.

## Trader cashback

Earn **10% cashback** on eligible HyperLink fees until the earlier of:

* 90 days from the reward period's start; or
* $100M in cumulative volume during that period.

HyperLink charges the full fee on the fill and adds cashback to your claimable rewards. Cashback does not apply to Hyperliquid or application fees.

{% hint style="warning" %}
Once you link a referral code, you cannot switch to another.
{% endhint %}

## Referrer commissions

Earn commissions from each direct referral for **365 days** from their reward start date. Your tier depends on your referrals' combined 30d weighted volume.

| Tier    | 30d referred volume | Fee share after cashback |
| ------- | ------------------: | -----------------------: |
| Partner |             < $100M |                      10% |
| Pro     | ≥ $100M and < $500M |                      15% |
| Elite   |             ≥ $500M |                      20% |

Only direct referrals generate commissions. There are no downstream or multi-level commissions.

For example, a $50 HyperLink fee produces $5 cashback and a **$4.50 Partner commission** (10% of the remaining $45). After cashback ends, commissions apply to the full fee until the 365-day period ends.

## Register a referral code

Trade at least $10,000 in weighted lifetime volume on HyperLink, then submit `registerReferrer`. Choose an unused code of 3–16 ASCII letters or digits; codes are uppercased. See [Referrals](/api/exchange-methods.md#referrals) for actions and code capacity.

## Track and claim rewards

Reward totals include referral rewards and any [builder-code rewards](/api/builder-codes.md) earned by the same account.

Use `claimRewards` to claim rewards to your HyperLink spot balance in the same token. Each exchange/token reward balance must exceed one whole token; smaller balances remain unclaimed. See [Claim rewards](/api/builder-codes.md#claim-rewards) for the signed request.


---

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