Rewards, Referrals, And Rebates
Virae includes account-linked incentive systems beyond direct trading.
The current web Rewards page brings together tier status, rolling 30-day fees, Points, daily tasks, mystery boxes, cash back, and referrals in one account-linked surface.
Best way to think about this section
This is where users should go when the question is no longer only about execution, but about what long-term account value is being created around that activity.
What this category covers
- referral flows
- rebate-related benefits
- reward tracking tied to account activity
- product incentives that appear in the rewards area
Depending on the current product surface, this can also overlap with Points, tasks, or other dashboard-visible reward mechanics.
What is live today
The current rewards experience on web centers on four user-visible systems:
- Points
- tier-based cash back
- referrals
- mystery boxes and daily tasks
How users should think about rewards
Rewards are part of the broader account experience. They are not completely separate from trading, funding, or account state.
That is why the rewards dashboard on web is the main place to understand:
- what you have earned
- what is pending
- how referrals and rebates relate to your activity
Current tier rules
Your current tier is based on rolling 30-day trading volume, not on Points balance.
Current configured levels:
| Tier | Rolling 30D Trading Volume | Cash Back Rate |
|---|---|---|
| Pup | $0 to < $200 | 0% |
| Tracker | $200 to < $900 | 8% |
| Hunter | $900 to < $3,500 | 14% |
| Wolf | $3,500 to < $11,000 | 20% |
| Alpha | $11,000+ | 30% |
Practical rules:
- new users default to
Pupif no higher active tier applies - the rewards page shows your current rolling 30D trading volume, current tier, and current cash back rate
- time-limited entitlements such as referral trial or mystery box prizes can temporarily upgrade the effective tier shown to the user
Current daily task rules
Daily tasks currently use a shared daily cap of 150 Points.
Current configured tasks:
| Task | Requirement | Reward |
|---|---|---|
| Daily Trade | At least one qualifying trade with executed notional of $5 or more | 100 Points |
| Daily View | View 3 unique markets in one UTC day | 50 Points |
Practical rules:
- task rewards are claim-based, not automatic on page load
- once the daily cap is reached, additional completed tasks can stop being claimable that day
- the rewards page shows both the remaining Points available for the day and each task's progress state
Current Points rules
Trade activity can earn Points from reward-eligible fees. The current base rule is 120 Points for each 1 USDC of eligible fee, then adjusted by the active tier, order type, market type, and risk multipliers.
Current configured multipliers:
| Dimension | Value |
|---|---|
| Tier | Uses the tier multiplier from the current tier table |
| Limit orders | 1x |
| Market orders | 1.15x |
| Sports markets | 1.05x |
| Other markets | 1.1x |
| Crypto markets | 1x |
| Risk multiplier | 1x |
Practical rules:
- trade Points are based on eligible fee amount, not directly on trade notional
- final awarded Points are floored cumulatively to whole Points
- the first qualifying trade can grant a one-time
1,000 Pointsbonus when executed notional is at least$1
Current referral rules
Virae supports three referral levels for referral reward settlement and referral cash back. Some BD or KOL-related referral accounts can have a higher L1 cash back cap.
Current configured referral cash back caps:
| Referral path | Cap |
|---|---|
| Standard L1 | 20% |
| Standard L2 | 3% |
| Standard L3 | 2% |
| BD direct L1 cash back | 50% |
| BD-invited KOL L1 cash back | 40% |
Current user-visible referral behavior:
- your referral code is created per user and shown in the Rewards page
- the rewards page shows direct referrals, active referrals in the last 30 days, and total referral Points earned
- standard referral signup currently gives the referred user a
Trackertrial for7 days - system invite codes, when enabled, are account-access codes and are separate from referral tier rewards
- the referral summary treats active referral trials started within the last
30 daysas the active-trial metric shown to the user
Important distinction:
- referral Points are a reward surface
- referral cash back is a separate fee-rebate surface
These are related, but they are not the same metric.
Referral cash back uses a cap-after-self model:
- the trader's own tier cash back is calculated first from gross commission fee
- the direct referrer's configured L1 rate acts as the total referral cash back cap for that trade
- the trader's own cash back is deducted from that cap
- L2 and L3 referral cash back, when present, are also deducted from the same cap
- the L1 referrer receives the remaining effective rate
Example: if a KOL has a 40% cap and the referred trader is Alpha with 30% self cash back on a $1 commission fee, the remaining referral cap is 10%. With L2 at 3% and L3 at 2%, L2 receives $0.03, L3 receives $0.02, and L1 receives $0.05.
Current cash back rules
Cash back in the rewards UI currently combines:
- direct tier cash back
- referral cash back
What users can currently see:
- pending cash back
- cash back activity history
- a top earners leaderboard
- separate activity filters for
All Sources,Direct Tier, andReferral
Current cash back logic users should know:
- your direct cash back rate comes from your current tier table above
- referral cash back uses the configured cap structure after the trader's own cash back and any downstream level deductions
- not every rebate appears instantly in the same shape; the UI distinguishes pending, settling, and paid totals
Current mystery box rules
Mystery boxes are currently enabled and cost 1,000 Points per open.
Current configured open rules:
- cost:
1,000 Points - cooldown:
72 hours - max consecutive opens before cooldown lock:
3 - max stacked buff duration:
192 hours
Current rarity table:
| Rarity | Probability | Prize |
|---|---|---|
| Common | 70.00% | Alpha 6H Trial |
| Rare | 22.00% | Alpha 1D Trial |
| Epic | 7.00% | Alpha 3D Trial |
| Legendary | 1.00% | Alpha 5D Trial |
Practical rules:
- mystery boxes currently grant tier entitlements, not extra Points
- the rewards page shows whether a box is openable, current cooldown state, consecutive open count, and recent opens
- if you do not have enough Points or you hit cooldown or stack limits, the box can be visible but not openable
Why web is the main surface
Rewards usually need broader account context than a single chat message can show.
Users often need to understand:
- whether a reward is already earned or still pending
- how trading or referrals affected the result
- how one rewards surface relates to another
Referral behavior
Referral handling begins during signup but continues as an account-level feature afterward. That is why Virae separates signup identity flow from long-term rewards and referral tracking.
Common mistake
Users sometimes treat rewards as an isolated bonus system. In practice, rewards, referrals, and rebates are easier to understand when read alongside account activity and product usage on web.