IB Agency Policy
Full policy for Ritdex's Introducing Broker (IB) Agency program — tiers, override structure, payouts, and anti-fraud rules.
IB Agency is Ritdex's partner tier for agencies, KOLs, and communities that build and manage a network of traders and sub-affiliates — not just individual referrals.
IB Agency vs. individual Referral
| Individual Referral | IB Agency | |
|---|---|---|
| Role | Refer friends | Build and manage a network (sub-affiliates + direct traders) |
| Builder fee on referred users | 0.025% (standard) | 0.045% (IB network) |
| Commission source | Builder fee + swap fee | Perps builder fee only — no swap fee share |
| Structure | Single tier (direct only) | Two tiers: direct + override on sub-affiliates |
| Direct commission | 10–25% of fee | 30–40% of builder fee |
| Override on sub-affiliates | — | 5–12% of builder fee generated by subs |
| Relationship | Self-serve | Signed IB Agreement, dedicated account support |
| Minimum claim | $10 | $50 |
Users in an IB's network pay a 0.045% builder fee instead of the standard 0.025%. The extra 0.02% is the budget that funds IB Agency's much higher commission — Ritdex still nets more margin than the 0.025% baseline in every scenario. See the worked example below.
Tier structure
IB tier is determined by a rolling 30-day network volume window, evaluated on the 1st of each month.
| Tier | 30-day network volume | Active members¹ | Direct² | Override³ |
|---|---|---|---|---|
| 🥉 IB Bronze | ≥ $5,000,000 | ≥ 5 | 30% | 5% |
| 🥈 IB Silver | ≥ $20,000,000 | ≥ 15 | 33% | 7% |
| 🥇 IB Gold | ≥ $50,000,000 | ≥ 30 | 36% | 9% |
| 💠 IB Diamond | ≥ $150,000,000 | ≥ 60 | 40% | 12% |
1 An active member is an invitee or sub-affiliate with ≥ $1,000 in perps volume over the trailing 30 days. 2 Direct = % of the builder fee (0.045%) from traders the IB refers directly. Swap fees from direct referrals are retained by Ritdex. 3 Override = % of the builder fee generated by a sub-affiliate's referred traders (tier 2). Override does not reduce the sub-affiliate's own commission — it's paid by Ritdex on top, from the 0.045% pool.
Worked example (IB Gold)
- A direct referral trades $10,000,000 in perps volume/month → builder fee = $4,500 → IB earns 36% = $1,620.
- A sub-affiliate's referral trades $10,000,000 → builder fee $4,500 → the sub-affiliate earns their own tier rate (e.g. Tier 3 = 20% = $900), and the IB additionally earns 9% override = $405 — on top of, not instead of, the sub's commission.
Fee allocation check (Gold, with a Tier-3 sub): 20% (sub) + 9% (override) = 29% of 0.045% paid out = 0.01305%; Ritdex retains 0.03195% — still above the 0.025% standard baseline. Even for a fully direct IB Diamond referral (40%, no sub), Ritdex retains 0.027% — the model always nets Ritdex more than the standard rate. ✅
Eligibility & onboarding
- Submit the IB application (payout wallet on Arbitrum, community/KOL channel, target market, expected monthly volume).
- Minimum to qualify for Bronze: commit to and reach ≥ $5M network volume within the first 30 days, or ≥ 5 active members. New applicants get a 90-day ramp-up period at provisional Bronze status.
- Sign the IB Agreement with a wallet signature — no paperwork, no KYC. Your wallet address is your identity.
- Ritdex issues a dedicated IB code/link, co-branded landing page, and network dashboard.
Tier changes
- Evaluated on a rolling 30-day basis, reviewed on the 1st of each month.
- Promotion: hitting both the volume and active-member threshold of a higher tier applies immediately for the next period.
- Maintaining tier: one grace period is granted if volume dips slightly (≥ 80% of threshold).
- Demotion: falling below 80% of threshold for two consecutive periods drops the IB one tier (never multiple tiers at once).
- Commission already accrued is never retroactively adjusted when a tier changes — only new volume is affected.
Network structure (two-tier override)
- IBs recruit sub-affiliates (individual Referrers operating under the IB's link). Sub-affiliates earn their own Referral-tier commission (10–25%); the IB earns override on the same fee, on top.
- Two tiers only (IB → sub-affiliate → trader). No override is paid on any deeper tier — this is a deliberate anti-pyramid design.
- A sub-affiliate who qualifies for their own IB status can graduate and detach from the original IB's network — override stops for new volume going forward; previously accrued commission is unaffected.
- IBs are responsible for the compliance and conduct of the sub-affiliates they recruit.
Payouts
- Asset: USDC on Arbitrum One.
- Mechanism: builder fee commission accrues in real time per fill. The IB clicks Claim Now on the dashboard → the backend verifies balance ≥ $50 → signs an EIP-712 authorization → the IB submits the transaction → USDC arrives in ~2 seconds (one Arbitrum block).
- No fixed cycle. Claim 24/7, any time — immediately after a fill, or accumulated for later.
- Minimum $50 per claim. Balances below $50 continue accruing.
- The network dashboard shows real-time volume, active members, accrued direct + override commission, and full claim history.
- Nothing is auto-sent. Every payout is explicitly triggered by the IB, fully transparent on-chain. Ritdex's operator keeps the reward vault funded with USDC.
Anti-fraud & compliance
Violations result in frozen/clawed-back commission and demotion or removal from the program.
- Real volume only: counted exclusively from real fills on Hyperliquid (
userFillsByTime) — never self-reported. - No wash trading or self-dealing: opening and closing offsetting positions to inflate volume, cross-trading between linked wallets, or an IB acting as their own "customer" are all prohibited.
- No self-referral or circular referrals: an invitee cannot be the inviter; clusters of linked wallets (shared funding source, correlated timing) have their volume excluded.
- Velocity & minimum-size checks: orders below a minimum size or with abnormal frequency are excluded from commission calculations.
- Honest marketing: no profit guarantees, no impersonation of Ritdex, no promotion in restricted jurisdictions, and clear disclosure of derivatives trading risk.
- Manual reconciliation: unusually large or sudden volume spikes are held pending review before payout.
IB Agreement summary
By signing the IB Agreement (via wallet signature), an IB Agency partner confirms:
- Acting as an independent referrer — not an employee or legal representative of Ritdex.
- No investment advice is given, and no client funds or assets are ever held on their behalf.
- Compliance with the anti-fraud rules above, including responsibility for recruited sub-affiliates.
- Commission is calculated only on perps builder fee, paid in USDC on Arbitrum, claimed in real time on demand — Ritdex may adjust rates with 14 days' notice, never retroactively on already-accrued commission.
- Ritdex may freeze/claw back fraudulent commission and terminate IB status for violations.
- Identity is the IB's wallet address; all authorization is via EIP-191 signature.
One-page summary
RITDEX IB AGENCY
• Platform: Hyperliquid perps DEX (wallet-based, no KYC)
• Commission source: 0.045% perps builder fee only — no swap fee share
• Tiers: Bronze ($5M / 5 members) · Silver ($20M / 15) · Gold ($50M / 30) · Diamond ($150M / 60)
• Direct: 30% → 40% of builder fee
• Override (tier-2 subs): 5% → 12% of builder fee
• Payout: USDC on Arbitrum, claim REALTIME on demand, minimum $50
• Rules: real on-chain volume only, no wash trading, no self-referral, honest marketing