> ## Documentation Index
> Fetch the complete documentation index at: https://orderly.network/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Orderly Distributor Program

> Learn about the tiered revenue-sharing program that incentivizes distributors to onboard new builders.

## TL;DR

The Orderly Distributor Program is the core growth engine for the Orderly One ecosystem. It incentivizes **Distributors** to onboard new Builders (DEXs) through a tiered revenue-sharing model.

* **Participant Role:** Anyone (EOA) or Builder Owners can participate as a Distributor.
* **Profit Mechanism:** Revenue is generated via the "Fee Spread" between the Distributor's tier and their Invitee's tier.
* **Scale Advantage:** Distributors level up using the aggregate volume of their entire invitee network plus their own volume.

## 1. Participant Profile

| Feature                | Distributor (EOA / Builder Owner)              |
| :--------------------- | :--------------------------------------------- |
| **Role**               | General users, Affiliates, or DEX Owners       |
| **Revenue Stream**     | Referral share (Spread between tiers)          |
| **Revenue Settlement** | Trading account (EOA) or Builder admin account |

## 2. Onboarding & Binding Rules

### The 3-Step Setup

Access the portal at [dex.orderly.network/distributor/](https://dex.orderly.network/distributor/) to begin:

1. **Connect:** Link an EOA wallet via Ethereum, Arbitrum One, or Base.
2. **Activate:** Complete key creation to initialize the Distributor profile.
3. **Share:** Use unique distributor codes or URLs to bind invitees.

### Binding Rules (Guardrails)

* **Unidirectional:** An invitee can only be bound to a single distributor.
* **Non-Reciprocal:** Cross-referral (e.g., A invites B, B invites A) is strictly prohibited.
* **Timing:** Binding must be established **at or before** the invitee's DEX graduation.
* **Immutability:** Once established, the binding relationship cannot be modified.
* **Account Type Lock:** An EOA account registered as a Distributor cannot be converted into a Builder Admin account later.

## 3. Orderly Tiering Programme

A distributor's tier is determined by their **30-day Aggregate Volume** or **\$ORDER Staking**.

### Tiers & Privileges

| Tier         | 30d Aggregate Volume | \$ORDER Staked | Base Taker Fee | Base Maker Fee | Tier Assignment Privilege   |
| :----------- | :------------------- | :------------- | :------------- | :------------- | :-------------------------- |
| **Public**   | \< \$50M             | \< 100K        | 3.00 bps       | 0.00 bps       | -                           |
| **Silver**   | ≥ \$50M              | ≥ 100K         | 2.75 bps       | -0.05 bps      | -                           |
| **Gold**     | ≥ \$200M             | ≥ 300K         | 2.50 bps       | -0.10 bps      | Can assign Silver / Public  |
| **Platinum** | ≥ \$750M             | ≥ 3M           | 2.00 bps       | -0.15 bps      | Can assign Gold & below     |
| **Diamond**  | ≥ \$2B               | ≥ 7M           | 1.00 bps       | -0.20 bps      | Can assign Platinum & below |

### The Volume Formula

$$
\text{"30d Aggregate Vol."} = \text{"Distributor Personal Vol."} + \sum (\text{"All Graduated Invitees' Vol."})
$$

Reference: [Orderly Builder Programme](/introduction/trade-on-orderly/trading-basics/trading-fees#builder-staking-programme).

## 4. Revenue Share Mechanics

### The Core Equation

Distributors earn the "spread" between the invitee's base fee and their own. Base fees are tier-based Builder fees paid to Orderly, not the user-facing fees each Builder configures for its trading platform.

**Distributor Margin:**

$$
Margin = \max(0.1 \text{" bps"}, \text{"Invitee Base Fee"} - \text{"Distributor Base Fee"})
$$

*(A guaranteed 0.1 bps minimum margin applies to Taker orders even if tiers are identical.)*

For maker orders, higher tiers can have negative base maker fees. Builders may also configure negative user-facing maker fees on their trading platform, which entitles qualifying maker trades to a rebate.

## 5. Settlement & Distribution

* **Frequency:** Daily settlement at **00:00 UTC**.
* **Automatic Distribution:** Builder Owner revenue is credited to the **Builder Admin Account**; General EOA revenue is credited to the **Distributor**.