Volume Based Cashback

Traders will receive weekly cashback on trading fees based on their weekly trading volume, paid in USDC. Cashback is calculated on fees paid during the week and distributed at the end of each epoch.

This system rewards active trading independently of staking participation, providing immediate benefits to high volume users. Stakers will get both the Volume Based Cashback and the Staking Based Discounts. The Cashback will get calculated on the discounted fees.

Please note:

• The cashback does not apply to option and pre launch market fees;

• If the proposal is approved, the PERPS standard trading fees will be reduced from

  • 0.05% maker - 0.08% taker

  to

  • 0.03% maker - 0.06% taker.

  All proposed amounts are subject to periodic review by the Growth and Marketing Management Committee.

Tier	Weekly Volume	Cashback
Tier 1	$0 - $500,000	0%
Tier 2	$500,001 - $5,000,000	1%
Tier 3	$5,000,001 - $10,000,000	1.5%
Tier 4	$10,000,001+	2%