Referrals

Taking inspiration from Web2 giants such as Amazon and AirBnB, Karvana has seamlessly integrated a multi-tiered referral system directly into the Karvana lending vaults. Head to the dashboard to create some referral codes, which are saved directly onto the blockchain. You will then see custom URL links created for you.

When a new user visits the site through your link and then borrows from any vault, you will receive a percentage of all of their borrow fees from now on. Moreover, you will also receive a percentage of all borrow fees generated by users that they themselves refer!

For example, you refer Tom, Tom refers Alex, and Alex refers Susan. You will receive 20% of all borrow fees generated by Tom, 10% of all fees generated by Alex, 5% of all fees generated by Susan, and so on.

Your earnings automatically accumulate in kUSD. Simply press Collect to withdraw your earnings to your wallet. This is a great way of earning passive income, so take advantage of this DeFi-native referral technology and start giving out those referral links right away!