> ## Documentation Index
> Fetch the complete documentation index at: https://docs.liquid.trade/llms.txt
> Use this file to discover all available pages before exploring further.

# Referral bonuses

> Earn a share of the Liquid fees from friends who join Liquid with your referral code.

Every Liquid user can earn referral bonuses when friends create an account with their referral code and start trading. Track what you earn in the [Rewards Hub](/referrals/rewards-hub).

<Frame caption="How referral rewards flow">
  <video src="https://mintcdn.com/liquidmax/OXdL6Nt1RIYwOMy4/videos/trading/referral-flow.mp4?fit=max&auto=format&n=OXdL6Nt1RIYwOMy4&q=85&s=57094727407a465f845f2036a1059c30" autoPlay loop muted playsInline aria-label="A friend signs up with your code and trades. Each trade drops a fee coin, and 10 percent of each fee flows into your Unclaimed balance, which then moves to your Liquid balance as USDC." data-path="videos/trading/referral-flow.mp4" />
</Frame>

Turn your network of traders into real income and earn a share of eligible Liquid fees on their trades: 10% by default, and up to 50% for some referrers. Rewards build up as a claimable USDC balance you can [claim](/referrals/claim-rewards) any time. The more friends who join Liquid using your referral code, the more you earn.

## What counts

* **Eligible fees:** Liquid's 5 bps base fee on perps, and the 0.90% fee on prediction markets. Spot, where Liquid charges no fee of its own, and funding don't count.
* **Your friend's benefit:** 10% off Liquid's fee on those same markets (perps 0.05% → 0.045%; prediction markets 0.90% → 0.81%). Depending on their account, this appears as a discount at order time or as a claimable rebate. Some affiliates offer their own discount instead.
* **Code rules:** a friend can only enter your code at sign-up, can't use their own code, and only if they don't already have a referrer.

See [Fees](/trading/fees#discounts) for the full fee breakdown.

## Get started

<CardGroup cols={2}>
  <Card title="Refer traders" icon="user-plus" href="/referrals/refer-traders">
    Share your link or code.
  </Card>

  <Card title="Claim rewards" icon="hand-holding-dollar" href="/referrals/claim-rewards">
    Move your rewards to your balance.
  </Card>
</CardGroup>


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