# Referrals!

{% hint style="info" %}
*tl;dr - Tensorians can refer others to earn fees & points, and referees get a points multiplier!*
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## Referrer

<figure><img src="https://3364018093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTP1CBEbwTzCoyWl9J8MH%2Fuploads%2F84rmGYvdWbVlS9DGuuqx%2Fimage.png?alt=media&#x26;token=18c186d8-eb4f-43ee-8424-8611dfd865bc" alt=""><figcaption><p><a href="https://www.tensor.trade/rewards">https://www.tensor.trade/rewards</a><br>You can share your code or a link!</p></figcaption></figure>

The Tensor Referral program rewards you with SOL and Tensor points.

To participate, you must [stake ](https://www.tensor.trade/shipyard)at least 1 [Tensorian](https://www.tensorians.com/).

Once staked, you will earn:

1. Additional points multiplier based on your own trading.
2. A percentage of points from the trading activity generated by your referral code.
3. 5% of the marketplace fees generated on spot trading volume by your referral code.

{% hint style="info" %}
Read more on points here: [season-3](https://docs.tensor.trade/welcome/rewards/season-3 "mention")
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Your referrer bonus scales with number of Tensorian staked.&#x20;

<table data-view="cards"><thead><tr><th></th><th>Point Multiplier (own trading)</th><th>% of points from referee</th><th>% of fees (from referee)</th></tr></thead><tbody><tr><td>Milestone 1 (<strong>1</strong>+ Staked)</td><td>1.10x</td><td>10</td><td>5</td></tr><tr><td>Milestone 2 (<strong>10</strong>+ Staked)</td><td>1.25x</td><td>15</td><td>5</td></tr><tr><td>Milestone 3 (<strong>50</strong>+ Staked)</td><td>1.50x</td><td>25</td><td>5</td></tr></tbody></table>

{% hint style="warning" %}
Benefits increment linearly by 0.025 (Multiplier) and 0.005 (Referral). \
\
After Milestone 2, multiplier scale by 0.0125 and referral by 0.0025 instead.\
\
Staking benefits caps at 50 Tensorian staked.&#x20;
{% endhint %}

<figure><img src="https://3364018093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTP1CBEbwTzCoyWl9J8MH%2Fuploads%2F7NskWM04iuIsRqBCUzvX%2Fimage.png?alt=media&#x26;token=c1721590-9844-4a7b-8bfd-38fe3b95946f" alt=""><figcaption><p>Benefits caps at 50 Tensorian Staked.</p></figcaption></figure>

{% hint style="info" %}
Example:&#x20;

* User with 5 Tensorian staked will gain 12% of points from referee and 1.35x points Multiplier of their own points.
* User with 15 Tensorian staked will gain 16.25% of points from referee and 1.5625x points Multiplier of their own points.
  {% endhint %}

## Referee

{% hint style="info" %}
*Referee = the user who signs up with a referral code*
{% endhint %}

Anyone can register using a referral code. New sign-ups will get a 1.05x multiplier forever on their trading activity.

<figure><img src="https://3364018093-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTP1CBEbwTzCoyWl9J8MH%2Fuploads%2FEb4b71gnaWP3Yiwqo6B0%2Fimage.png?alt=media&#x26;token=e20e9326-caf2-4a7b-9ab6-23269b4f369b" alt=""><figcaption><p><a href="https://www.tensor.trade/rewards">https://www.tensor.trade/rewards</a><br>Authenticate your wallet to see!</p></figcaption></figure>

\
Referee bonus does not stack after you staked at least 1 Tensorian. For example:

1. Someone who has never been referred - 1.00x multiplier on trading points.
2. Someone who got referred but no Tensorians staked - 1.05x multiplier on trading points.
3. Someone who bought a Tensorian and staked it - 1.10x multiplier on trading points.

***

## Example

Trader A is a loyal Tensor user and refers Trader B, let's take a look at how much Trader A will earn from recruiting a decently active trader!

<table data-card-size="large" data-view="cards"><thead><tr><th></th><th>Details</th><th>Earnings</th></tr></thead><tbody><tr><td>Trader A (<mark style="color:purple;"><strong>Referrer</strong></mark>)</td><td><ul><li>Has 10 Tensorians staked (Milestone 2)</li><li>Referred <mark style="color:yellow;">Trader B</mark></li></ul></td><td><ul><li>2,000 pts earned from Trading</li><li><mark style="color:green;">+500 pts from staking bonus (1.25x)</mark></li><li><mark style="color:green;">+750 pts from Trader B ref bonus (15%)</mark></li><li><mark style="color:green;">+1 SOL in fee rebate from Trader B (5%)</mark></li></ul></td></tr><tr><td>Trader B (<mark style="color:yellow;"><strong>Referee</strong></mark>)</td><td><ul><li>Referred by <mark style="color:purple;">Trader A</mark></li><li>20 SOL spent in fees</li></ul></td><td><ul><li>5,000 pts earned from Trading</li><li><mark style="color:green;">+250 pts from ref bonus (1.05x)</mark></li></ul><p></p></td></tr></tbody></table>