Affiliate Program 2.0 is live! Refer friends to earn a bonus from all USDⓢ accounts and designated projects
May 13, 2021
Since we launched the Affiliate Program, nearly 1,000 users registered to Steaker accounts using their friends’ referral code. To show appreciation to these “Steaker ambassadors”, we adjusted the Affiliate Program with elevated bonuses. Read below to find out the three significant changes in Referral Bonus and Referee’s Reward.
1. We offer Referral Bonus on all USDⓢ accounts & designated projects
From now on, the referrer will earn a 1% Referral Bonus from the referee’s monthly interest, including which generated from all USDⓢ accounts (USDT/USDC/DAI) and the designated projects.
2. Bonus & reward are elevated with new calculation methods
The calculation method and distribution time vary depending on the status (referrer/referee) and the referred project type (floating-rate/fixed-rate).
Referral Bonus = Referee’s Monthly Interest x 1%
- Floating-rate projects: For Pure Quant and TWDFI, the bonus will be settled upon maturity considering severe market volatility. For Variable-Rate/High-Rate/DeFi Farming and others, the bonus will be settled every month and automatically transferred to the Steaker account on the 10th of the following month.
- Fixed-Rate projects: For USDⓢ accounts (USDT/USDC/DAI) and Fixed-Rate project (7 days/1 month), the bonus will be settled every month and automatically transferred on the 10th of the following month. Please note that the Fixed-Rate project with 3 months contract period is excluded.
- Floating-rate projects: There will be a reward of “1% reduction in incentive fee” upon maturity. Reward = Incentive fee x 1%.
- Fixed-rate projects: There will be a reward of a “1% increase in interest” upon maturity. Reward = Interest x 1%. Please note that Steaker accounts and the Fixed-Rate project with 3 months contract period are excluded.
If the referees redeem before maturity, the bonus/reward will be canceled.
3. Referral Bonus will be automatically transferred to Steaker Account
The Referral Bonus accumulated before 2021/05/13 has been distributed to the Steaker account. Moving forward, the rewards will be automatically transferred and be listed under the “Account Record” column as “Reward”.