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1) A few notes about referrals: For a while there's been something annoying about FTX referral accounting. All of the ref fees are paid out, but it often takes a day to do so. That means that they will sometimes show up in the next day's bucket.

3:32 PM · Mar 18, 2021Twitter Web App

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2) Going forward, this should be cleaner; each day's referral fees should correspond exactly to trades that happened on that (previous) day. This should make it easier to track what's going on. We're also considering changing the interaction of FTT with fee tier 6.

SBF

@SBF_FTX

Mar 18, 2021

3) Fee tier is is capped at 3bps taker post-referral; this means if someone was fee tier 6, and had $5k of FTT making their actual fees ~3.5bps, then they would only give ~0.5bps of ref fees. We're considering changing this to be a 3bp min pre-FTT.

SBF

@SBF_FTX

Mar 18, 2021

4) We're also working on a referral system for Blockfolio; thoughts welcome!

SBF

@SBF_FTX

Mar 18, 2021

5) Again, the actual payments have always been correct; but now they'll hopefully show up on the intuitive day as well. Note that it might still take a day or so to generate them!