> For the complete documentation index, see [llms.txt](https://docs.wavex.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.wavex.fi/docs/point-and-referral.md).

# Point & Referral

## 📈 New XP Reward Program

XP is rewarded based on your activity on the **Trade** and **Earn** pages.

#### 🟢 Trade Actions

* **XP = Trading Volume × 10%**

#### 🟡 Deposit Actions

* **XP = Deposit Value × Time Weight × 5%**
  * **Deposit Value** = Amount of `fsW(E)LP` × `W(E)LP price` at the time of reward distribution
  * **Time Weight** = Deposit duration in seconds ÷ 86,400 (seconds in a day)

    → Measures how long you held the deposit within a 24-hour period

> ✅ XP is distributed daily at 00:00 UTC, and can be checked on the Point page.

***

## 🤝 Referral Program

waveX supports both **two-way** and **direct/indirect referrals**.

#### 👥 Relationship Structure

* When **User A** invites **User B**, B is referred to as **A’s Friend¹**.
* If **User B** then invites **User C**, C becomes **B’s Friend¹** and **A’s Friend²**.

#### 🧾 Reward Rules

#### Case 1: A invites B, and B trades or deposits

* **A** earns **10% of B’s action XP** as referral points.
* **B** earns **5% of their own action XP** as referral points.

#### Case 2: B invites C, and C trades or deposits

* **A** earns **5% of C’s action XP** as referral points (Friend²).
* **B** earns **10% of C’s action XP** as referral points (Friend¹).
* **C** earns **5% of their own action XP** as referral points.

***

## 🔗 How to Check Your Referral Code

1. Go to the **Referral** page
2. Connect your wallet
3. Click **Invite Friends**
4. Your referral code will be displayed under **My Referral Code**

***

## 📝 How to Register a Referral Code

1. Go to the **Referral** page
2. Connect your wallet
3. Click **Register Code**
4. Enter your friend’s referral code

> ⚠️ You can only register a referral code once.

***

## ℹ️ Notes

* You cannot register your own code or be listed as **Friend² of your wallet**.
* If you make a deposit on the same UTC day that you register a referral code, **XP will also be counted for deposits made earlier that day**.
* Referral points can be viewed in real-time under **Extra Points** on the Referral page.
* Final XP distribution occurs daily at **00:00 UTC** and will appear on the Point page. Therefore, numbers on the Referral page and Point page may differ slightly.