Brokers

What is Broker?

Brokers are key members of the Derify community. Brokers can have their own exchange through Derify Protocol, operating their own communities, and organizing their community members to trade on their own exchange.

What are the rewards for Brokers?

Brokers can mainly get the following 2 sources of income:

1. 30% of the transaction fees are generated by all Margin Token(s) and all trading pairs of their affiliated users

2. Additional $DRF rewards based on the trading volume generated by their affiliated users. For more details, refer to the the Grant Program

How can I become a Broker?

Burning 60,000 eDRF tokens can get you broker privilege, and continuing to burn eDRF can extend your broker privilege (600 eDRF/day). If Broker's privilege is expired, he/she will not be able to get any rewards. For tutorial, please refer to: https://docs.derify.finance/getting-started/tutorial/apply-for-broker-and-extend-privilege

How does a Broker promote his or her code?

Brokers can promote their broker codes or promotion links in their communities. New users can log in directly through the promotion link or manually bind the broker code to become the broker's affiliated users, creating continuous income for the broker.