# Referrals

## Hourglass Referral Program

### **How do I refer users to Hourglass?** 

You can generate a referral link by going to hourglass.com/referrals. You'll receive 50% of Hourglass' fees from your referred users' PYT trades.

Share your referral link directly: hourglass.com/referral/YOURCODE

### **How are earnings calculated?** 

When your referred users trade PYTs, you earn 50% of Hourglass' trading fees. For example:

* Your referral buys $1,000 in PYTs
* At 30x leverage, this generates \~$30k in notional value
* Hourglass charges approximately .3% of that $30k in fees ($90)
* You earn 50% of that ($45)

Earnings will be distributed at the end of the Hourglass Preseason campaign. For more on the Hourglass Preseason campaign, see here:

{% content-ref url="/pages/BDPSENVuaUnhsJrDwFtY" %}
[Hourglass Preseason Points](/legacy-products-hidden/points-preseason.md)
{% endcontent-ref %}

### **How do I use a referral code?** 

When trading on Hourglass, you can use a referral code in two ways:

1. Click a referral link: hourglass.com/referral/YOURCODE
2. Enter the code manually on hourglass.com/boost before your first trade

Using a referral code will give you a 5% discount on point fees. 

The referral code must be activated before making your first PYT purchase. Once a referral code is associated with your wallet address, it cannot be changed.

### **What trades qualify?**

* ✓ All PYT purchases
* ✓ Any position size (no minimum)
* × Regular CT (Combined Token) deposits

Note: All program details are subject to change. This is not financial advice. Please refer to our terms of service when interacting with Hourglass.


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