Conversation

SBF
@SBF_FTX
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.
22
136
SBF
@SBF_FTX
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.
2
27
SBF
@SBF_FTX
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.
Twitter Web App
23
Likes
SBF
@SBF_FTX
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!
11
33