> For the complete documentation index, see [llms.txt](https://docs.txflow.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.txflow.com/fee-credits/fee-credits.md). # Fee Credits ### Overview Fee Credits are platform-issued vouchers that reimburse your trading fees. 1 Fee Credit = $1 in trading fee reimbursements, automatically applied to every eligible perp trade once credited to your account. ### What are Fee Credits? Fee Credits are a platform reward mechanism that returns value to active traders through trading fee reimbursements. * **No Claims Required:** Rewards are automatically credited to your Fee Credit balance. * **No Manual Action:** Once in your account, Fee Credits are applied to every eligible perp trade automatically. * **Daily USDC Settlement:** Consumed Fee Credits are calculated and converted into equivalent USDC rebates, distributed daily to your futures account. > Core formula: 1 Fee Credit = $1 in trading fee reimbursements ### Eligible Trading Types | Type | Eligible | | ------------------- | -------------- | | Perpetual Contracts | ✅ Eligible | | Spot Trading | ❌ Not eligible | | Other Fees | ❌ Not eligible | > ⚠️ Fee Credits apply **exclusively to perpetual contract** trading fees and cannot be used for spot trading or other fee types. ### How Fee Credits Work #### 01 Reward Distribution Fee Credits from campaigns are distributed to your account. You can view your Fee Credits in the Fee Credits Center. * No action is required to receive your Fee Credits. * Credits will not appear in your Fee Credits Center until they have been distributed. * Fee Credits are non-transferable and only valid for the issuing account. #### 02 Subsidy Form Once Fee Credits are in your account, they are automatically applied to every perpetual contract trade. * No manual redemption or activation is required. * When a trade is executed, available Fee Credits in your balance are automatically used to offset the trading fee. * If your Fee Credits balance is insufficient to cover the full fee, the remaining amount will be deducted from your account balance. > ⚠️Fee Credits are only applied if you have an available balance. If your balance is zero, trading fees are charged as normal. **Interaction with Referral Code Discount (Referee Fee Discount)** If you joined the platform using a Referral Code (i.e., you are a referee), you are entitled to an additional fee discount: * Enjoy a 5% fee discount on the first **$25,000,000** in cumulative trading volume. * Fee Credits are applied **after the fee discount**. The system first applies the 5% fee discount, then uses Fee Credits to offset the remaining fee. **Referrer Rebate Calculation** The rebate earned by the referrer is calculated based on the **actual fee paid** by the referee after all deductions, following this order: **Original Fee → minus 5% referee discount → minus Fee Credits → Remaining Amount Paid = Rebate Basis** > If the referee's Fee Credits fully cover the trading fee for a given trade, the referrer will receive **no rebate** for that trade, as the actual fee paid is $0. **Scenario 1: Fee Credits fully cover the trading fee** | Step | Referee | Referrer | | ------------------------------------------ | -------------- | --------------------------- | | Original trading fee | $10.00 | - | | Apply 5% Referee Discount | −$0.50 → $9.50 | - | | Fee Credits deduction (sufficient balance) | −$9.50 → $0.00 | - | | Actual fee paid | $0.00 | - | | Rebate basis | - | $0.00 (no rebate generated) | **Scenario 2: Fee Credits partially cover the trading fee** | Step | Referee | Referrer | | ------------------------------------------- | -------------- | -------- | | Original trading fee | $10.00 | - | | Apply 5% Referee Discount | −$0.50 → $9.50 | - | | Fee Credits deduction (balance: $4.00 only) | −$4.00 → $5.50 | - | | Actual fee paid | $5.50 | - | | Rebate basis | - | $5.50 | > ⚠️The 5% referee discount applies only to the first $25M in trading volume. Once this threshold is reached, the discount expires automatically. Fee Credits remain valid and usable beyond that point. Referrer rebate rates are subject to the terms of the referral program. #### 03 Per-Trade Deduction For each perp trade, your trading fee is charged as normal and reflected in your trade history. Fee Credits are consumed against each trade to calculate your reimbursement. * Trading fees are charged in full at the time of the trade. * Fee Credits are consumed in real time when eligible trades are matched and executed. * Consumed Fee Credits are calculated daily and converted into equivalent USDC rebates. #### 04 Daily Reimbursements Your total reimbursements for the day are calculated and paid out in USDC to your perp account once per day. * Equivalent USDC rebates are distributed daily to your futures account. * No manual action is required. Settlement is automated. * USDC received from Fee Credits during daily settlement can be used as margin. #### 05 Spend History The platform provides a complete Fee Credits usage history in the Fee Credits Center. * **Earn History:** A full record of Fee Credits received, including campaign distributions. * **Spend History:** Per-trade breakdown of Fee Credit deductions. * **Daily Breakdown:** Usage statistics aggregated by date. *** ### Validity & Expiry Rules * Upon expiry, unused Fee Credits will expire automatically. * **Reissuance Policy:** Expired Fee Credits will not be reissued. > ⚠️Please ensure you use your Fee Credits before they expire. Expired credits are forfeited automatically and cannot be recovered or reissued. *** ### Key Restrictions * **Non-transferable:** Fee Credits cannot be transferred to other users or accounts. They are only valid for the issuing account. * **Non-withdrawable:** Fee Credits cannot be withdrawn to external wallets or converted into other cryptocurrencies. * **No Cash Value:** Fee Credits hold no cash value and may only be used as fee deductions. *** ### Viewing Your Balance & Usage History Access the Fee Credits Center at any time to view: * **Fee Credits Balance:** Your remaining available Fee Credits. * **Earn History:** A record of all Fee Credits received. * **Spend History:** A per-trade record of all Fee Credit deductions. * **Daily Breakdown:** Usage statistics aggregated by date. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. 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