- Over $3 million in wrapped assets minted on Radix since the launch of Radix Rewards.
- Radix Rewards introduces a referral system allowing users to earn ongoing rewards by bringing in new participants.
- Participants earn 5% of all Season Points generated by each referred user for the entire campaign period.
- No cap on referral earnings or the number of people participants can refer.
- Users can access their referral code and link through the official Radix Rewards dashboard.
Radix has announced the expansion of its Radix Rewards program with the launch of a referral system. This new feature began today, enabling current participants to generate unique referral codes and links directly from their Radix Rewards dashboard. The referral system is designed to reward users for introducing new participants to the Radix ecosystem.
According to official figures, over $3 million in wrapped assets have been minted on-chain through hyperlane since the rewards initiative began. This increase in locked funds has driven up trading activity and contributed to higher volumes on decentralized exchanges (DEXs) using Radix.
With the referral system, each user receives a unique URL and code. When a new participant joins using that code and starts earning Season Points (SP), the original referrer automatically receives 5% of all SP the new user earns, not only on their initial transactions but also for as long as they keep earning throughout the campaign. For example, the program states, “If you refer 10 traders who each earn 10,000 SP per week, you receive 5,000 bonus SP every week.”
There are no limits to the number of users that current participants can refer. Referral rewards continue as long as the referrer themselves earns at least one SP during the same week. Each participant’s involvement increases liquidity and network activity within the Radix ecosystem, which the project reports as critical to its continued value growth.
Participants are encouraged to share their referral links on existing platforms where they are active, such as crypto Discord servers, Telegram groups, or social media like Twitter. For those interested in obtaining their referral link, instructions are given to log in at incentives.radixdlt.com and navigate to the “Ranking” page to find the required information.
The Radix Rewards campaign supports up to 1 billion XRD in incentives, further motivating ongoing engagement. No additional conditions are necessary beyond earning the minimum weekly SP, making the scheme accessible for regular users.
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