vePERP as Referral Rewards

As the first step of our transition to vePERP, we are overhauling referral rewards. Monday, August 1st will be the last batch of referral earnings that are distributed as PERP.

The first distribution of vePERP as referral rewards will be paid out on Monday, August 8th, covering the period July 31st 00:00 UTC up until August 6th 23:59 UTC.

Referral partners and referred traders will need to lock >0 PERP for at least four weeks to claim their weekly rewards. The referral tiers will continue to be determined by the amount of staked PERP that you hold.

We’ll be publishing more details about vePERP as referral rewards in an upcoming blog post, which we’ll share with the community next week.