# 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.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.wavex.fi/docs/point-and-referral.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.