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1. What the program lets you do

The Orderly DEX Affiliate Program lets you earn commission from traders in your referral network. You can earn from:
  • Direct referrals: People you refer directly.
  • Indirect referrals: People referred farther down your network.
Your network can extend through as many as 15 affiliate levels.

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2. Before you start

Confirm that your DEX has enabled the multilevel affiliate program. Your DEX may also require a minimum trading volume before you can become an affiliate or claim a referral code. Check the eligibility rules, commission structure, and commission calculation basis directly with your builder because they may vary by DEX. For a comparison with the legacy program and migration guidance, see Legacy and multilevel affiliate programs.

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3. Know your available rate

Your assigned rate is the total commission allocation available to you and your downstream network. When you assign a rate to a direct referee:
  • It cannot be higher than your own assigned rate.
  • If your builder has set a positive minimum pass-down rate, it cannot be lower than that minimum.
  • Any allocation you pass down reduces the rate difference you keep from that part of the network.

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4. Understand how you earn

There are two ways to earn:
  • Direct earnings: When your direct referee trades, you earn your assigned rate for that referral path.
  • Indirect earnings: When someone farther down your network trades, you earn the difference between your rate and your direct referee’s rate.
Example: Your assigned rate is 50%. You assign 35% to a direct affiliate, who assigns 25% to the trader’s direct referrer. When the trader trades:
  • You earn 15%, the difference between 50% and 35%.
  • Your direct affiliate earns 10%, the difference between 35% and 25%.
  • The trader’s direct referrer earns their full 25% assigned rate.
The total distributed rate remains 50%. The trader does not earn affiliate commission from their own trade.

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5. Set rates for direct referees

You can manage two types of rates:
  • Default rate: Applied to new direct referees unless you set a custom rate.
  • Custom rate: Applied to a specific direct referee.
Both rates must stay within your available range: no higher than your assigned rate and, when applicable, no lower than the builder’s minimum pass-down rate.

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6. Change a direct referee’s rate

When you change a rate:
  • Increase: The additional allocation goes to the direct referee you adjusted. Rates farther down their network do not change.
  • Decrease: The reduction comes from that direct referee’s earnings first. It moves farther down their network only if they cannot absorb the full reduction.
  • Historical results: Settled commissions are never recalculated.

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7. Manage direct referees

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Private notes

Add a private note to a direct referee to record information such as their campaign, community, or internal account owner. Only you can see it. Changing or clearing a note does not affect rates, referral bindings, or reporting history.

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Change your referral code

Only auto-generated referral codes can be changed, and only while no users are bound to the code. Once a user is bound, the code cannot be changed.