TopCut NFT holders are rewarded relative to the traded volume of their referrals. Points accrue perpetually as the trader remains active.

Affiliate Points can be redeemed for ETH in the TopCut Vault at any time.

Redeeming AP for ETH causes slippage to prevent the Vault to ever be drained. It is recommended to monitor the price impact and redeem AP incrementally. The capacity at which AP can be redeemed with low slippage increases over time. Think of it like a one-way, full range liquidity pool (like Uniswap V2) where the liquidity deepens as more and more AP are redeemed.

Our financial model suggests that Affiliate Rewards will amount to 2.5% to 3% of trading volume.