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1. What the program lets you do

The Orderly DEX Affiliate Program helps you grow your DEX through a multilevel affiliate network. You can:
  • Set the commission available to your direct affiliates.
  • Let affiliates build their own referral networks, up to 15 affiliate levels.
  • Reward both direct and indirect referrals while keeping control of your total commission allocation.
In this guide, a Level 1 (L1) affiliate is an affiliate directly connected to your DEX. Affiliates below L1 are managed by the affiliate immediately above them.

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2. Before you start

Your DEX needs a valid Broker ID before you can enable the program. This applies whether you integrate through APIs, the SDK, or Orderly One. Manage the program in Orderly One Affiliate. For a comparison with the legacy program and migration guidance, see Legacy and multilevel affiliate programs.

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3. Set up your program

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3.1 Choose the commission basis

The commission basis is the amount to which affiliate commission rates are applied. Example: A trade has a standard trading fee of $90, builder revenue of $50, and a total affiliate commission rate of 30%. If the total rate were 80%, the trading-fee calculation would request $72. Because that exceeds the $50 of builder revenue, the entire calculation would use $50 instead. Both modes would then produce a $40 commission. To change the basis mode, contact Orderly. Once processed, the change takes effect at 00:00 UTC on the next calendar day. Trades before that time use the previous mode. Settled commissions are not recalculated.

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3.2 Set your program rates

Configure rates in this order:
  1. Minimum pass-down rate: The lowest rate that can be assigned within the network. If it is greater than 0, direct referrers are guaranteed at least that rate.
  2. Default bonus rate: Added to the minimum pass-down rate to determine the total rate for L1 affiliates who do not have a custom rate.
  3. Custom bonus rate: Replaces the default bonus for a specific L1 affiliate. Their total rate is the minimum pass-down rate plus their custom bonus rate.
Keep these rules in mind:
  • An L1 total rate is the minimum pass-down rate plus the applicable bonus rate. It cannot exceed 100%.
  • You manage L1 rates only. Each affiliate manages the rates of their own direct referees.
  • Increasing the minimum pass-down rate will be rejected if it would make any L1 total rate exceed 100%.

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4. Understand how affiliates earn

Consider this referral path: When the trader trades:
  • The direct referrer earns their full assigned rate of 25%.
  • The next affiliate earns the difference between 35% and 25%, which is 10%.
  • The L1 affiliate earns the difference between 50% and 35%, which is 15%.
The total distributed rate remains 50%. The trader does not earn affiliate commission from their own trade.

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5. Change an L1 rate

When you change an L1 affiliate’s rate:
  • Increase: The additional allocation goes to that L1 affiliate. Rates farther down the network do not change.
  • Decrease: The reduction comes from that L1 affiliate’s earnings first. It moves down the network only if the affiliate cannot absorb the full reduction.
  • Historical results: Settled commissions are never recalculated.