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and

ok so I've looked into it. 1) FTX is behaving exactly as described by the docs: help.ftx.com/hc/en-us/artic 2) The docs do something unintuitive with FTT: because fees are bounded by 3bps, FTT cuts into ref rebates 3) we might change that to be more favorable to referrers.

Notes: FTX pays referral fees. These fees are discretionary and up to the judgment of FTX. The general guidelines are here. FTX maintains the right to modify them with or without notice at any ti...

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?

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how could he possibly know that?

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By having a friend trade on his ref and asking what volume he did and whether he owned any ftt?

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Quote Tweet

Replying to @SBF_FTX @PARABOLIT and @ichibot

@ichibot, remember that even if they give API access to SUBaccount, you can't see their other subs, and FTT gives fee discounts across all subs

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twitter.com/laxfinance/sta

This Tweet is unavailable.

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ok so to be more explicit here I fucking looked up the answer and I'm right

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The answer to what exactly? The above claim that someone knew their ref taker volume that had no ftt and comms were wrong or..? Or that every ref you've paid out has been 100% correct to everyone?

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the first, and likely the second although I'd have to look case by case I can't give more details b/c don't want to reveal customer account info obv

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yes that's fair enough on details obviously 👍 this isn't an isolated incident to ichi but others have encountered the same problem it's fair to question, no?

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sure! as long as you don't do it the way some people have. and I appreciate the nudge; I've looked into it; and the system is working exactly as specified, though it's possible we should change the rules.

11:03 PM · Mar 17, 2021Twitter Web App

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which rules do you think?

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the interaction of FTT fee discounts and the fee floor for tier 6

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@BullishSelling

Replying to

hey

is it normal to have a missed pay out day on referrals? Usually it says 0, but I have a couple dates completely skipped over. missing the 11th and 15th?

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@BullishSelling

and

sometimes the crediting takes a day; they'll be rolled up into the next day I think

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render

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