Nexwest rewards trading activity, liquidity, and referrals through a seasonal points program. Points are not tokens and have no guaranteed monetary value; they are a record of contribution.
Points
Points accrue from:
| Activity | Weight |
|---|---|
| Perp taker volume | 1.0 point per 1,000 USDC |
| Perp maker volume | 1.2 points per 1,000 USDC |
| Spot volume | 0.8 points per 1,000 USDC |
| Vault deposits | 0.3 points per 1,000 USDC per day |
| Referred volume | 10% of the referee's points |
A season runs for a fixed number of epochs. At the end of a season, the distribution snapshot is published onchain. Unclaimed points expire after 90 days.
No purchase required
Points cannot be bought, sold, or transferred. Any site offering to sell points is a scam. Nexwest will never ask for a payment to unlock a distribution.
Referral codes
Every account can create a referral code. A new user who signs up with the code links to the referrer for the life of the account.
- The referrer earns 10% of the referee's fees for the first $1B of volume.
- The referee receives a 5% fee discount for the first $25M of volume.
- Referral rewards are paid in USDC continuously, not at the end of the month.
Create a code from Referrals → Create code. Codes are case-insensitive and can be changed once every 30 days.
Builder codes
Builder codes are for applications, not individuals. An integrator attaches a builder address and a fee (up to 0.03%) to each order. The user sees the fee before signing. Builder fees are separate from referral rewards and do not stack with a referral discount on the same fill.
| Program | Who | Fee | Scope |
|---|---|---|---|
| Referral | Individuals | 10% of fees | First $1B volume |
| Builder | Apps | Up to 0.03% | Per fill |
Anti-abuse
Wash trading, self-referrals, and sybil accounts are excluded. The protocol may adjust or void points for accounts that violate the program rules. Appeals are handled through support with onchain evidence.