🫂Referrals
Why should stakers use a referral code?
Stakers who use referral codes enjoy reduced maturation times for their xVault tokens, enabling them to convert these tokens to Vault tokens at a 10% discount more quickly. The extent of the maturation time reduction is determined by the staking tier of the referral code creator. A higher staking tier for the code creator results in a more significant reduction in the maturation time for the user, providing added incentives for both parties to participate in the platform and promote its growth.
Why should stakers try to convince people to use their code?
Our partners, who are referral code creators, possess a metric that represents the total amount of xVault tokens earned by users who utilized their code. This offers two key benefits:
Reduced maturity time for their xVault tokens
Future increased share of protocol revenue (top 5 referrals earn an increased treasury payout)
Referral code tiers
Silver code = 21 day maturation period
Gold code = 14 day maturation period
Diamond code = 7 day maturation period
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