TL;DR
The Vanguard Program is the core growth engine for the Orderly One ecosystem. It incentivizes Distributors to onboard new Builders (DEXs) through a tiered revenue-sharing model.- Participant Role: Anyone (EOA) or Builder Owners can participate as a Distributor.
- Profit Mechanism: Revenue is generated via the “Fee Spread” between the Distributor’s tier and their Invitee’s tier.
- Scale Advantage: Distributors level up using the aggregate volume of their entire invitee network plus their own volume.
1. Participant Profile
| Feature | Distributor (EOA / Builder Owner) |
|---|---|
| Role | General users, Affiliates, or DEX Owners |
| Revenue Stream | Referral share (Spread between tiers) |
| Revenue Settlement | Trading account (EOA) or Builder admin account |
2. Onboarding & Binding Rules
The 3-Step Setup
Access the portal at dex.orderly.network/distributor/ to begin:- Connect: Link an EOA wallet via Ethereum, Arbitrum One, or Base.
- Activate: Complete key creation to initialize the Distributor profile.
- Share: Use unique distributor codes or URLs to bind invitees.
Binding Rules (Guardrails)
- Unidirectional: An invitee can only be bound to a single distributor.
- Non-Reciprocal: Cross-referral (e.g., A invites B, B invites A) is strictly prohibited.
- Timing: Binding must be established at or before the invitee’s DEX graduation.
- Immutability: Once established, the binding relationship cannot be modified.
- Account Type Lock: An EOA account registered as a Distributor cannot be converted into a Builder Admin account later.
3. Orderly Tiering Programme
A distributor’s tier is determined by their 30-day Aggregate Volume and $ORDER Staking.Tiers & Privileges
| Tier | 30d Aggregate Volume | $ORDER Staked | Base Taker Fee | Tier Assignment Privilege |
|---|---|---|---|---|
| Public | ≥ $0 | ≥ 0 | 3.00 bps | - |
| Silver | ≥ $30M | ≥ 100K | 2.75 bps | - |
| Gold | ≥ $90M | ≥ 250K | 2.50 bps | Can assign Silver / Public |
| Platinum | ≥ $1B | ≥ 2M | 2.00 bps | Can assign Gold & below |
| Diamond | ≥ $10B | ≥ 7M | 1.00 bps | Can assign Platinum & below |
The Volume Formula
Reference: Orderly Builder Programme.4. Revenue Share Mechanics
The Core Equation
Distributors earn the “spread” between the invitee’s base fee and their own. Distributor Margin: (A guaranteed 0.1 bps minimum margin applies to Taker orders even if tiers are identical).5. Settlement & Distribution
- Frequency: Daily settlement at 00:00 UTC.
- Automatic Distribution:
- Builder Owners: Revenue is credited to the Builder Admin Account
- General EOA: Revenue is credited to the Distributor