What is a DeFi referral system?
A referral system in DeFi incentivises existing users to bring new participants to the protocol. When a referred user deposits, the referrer earns a reward — typically a percentage of the new user's yield, paid from the protocol's fee income rather than the new user's principal.
How TurboLoop's referral system works
TurboLoop has a multi-tier referral structure that rewards community builders at multiple levels. When you refer someone who deposits, you earn a percentage of their yield. When they refer someone, you earn a smaller percentage of that person's yield too.
Leadership tiers
TurboLoop's referral system includes leadership tiers that unlock higher reward percentages as your network grows. Reaching higher tiers requires building an active community of depositors.
On-chain referrals
TurboLoop's referral tracking is entirely on-chain — no off-chain database, no trust required. Your referral link contains your wallet address, and the smart contract automatically credits rewards to your wallet when referred users deposit.
Referral rewards vs deposit yield
Referral rewards are separate from your deposit yield. You earn both simultaneously:
- Deposit yield — from your own Loop Plan
- Referral rewards — from your referred users' activity