POV Refer & Earn

The DOV referral program is designed with a clear objective of:
1.Incentivizing users to invite their friends to Polysynth Option Vaults (POV)
2.Accelerate the adoption of POV and overall product usage
For each referral, you will earn 25% of the management fee generated by your referee till 30th June 2023. The referral program can be extended further at the discretion of the Polysynth Team.
Working Mechanism
There are no prerequisites for sharing your referral code. Any user can generate a unique referral link, simply by connecting their wallet on Polysynth. The referral link will be the same for Perpetuals and DOVs.
How POV Refer & Earn Works
Here is a scenario of how much you can earn using the POV Refer & Earn program.
Note: In the above example POL-USDC price is assumed to be 1. POL price used for reward computation will be the 30-day TWAP on the day of computation. Pre-IEO, this will be equivalent to the latest sale price.
FAQs
How do I join the referral program?
You can go to the rewards section here and get your unique referral link. Share your referral link with your friends or community via any social media channels such as Twitter, YouTube, Blog, TikTok, Instagram etc.
How do I claim my referral rewards? When can I withdraw and transfer my earned POL? 
All rewards have a 90-day lock-up and thereafter, a daily release schedule over 90 days. You can then transfer your rewards to your wallet.
When will the rewards be paid? 
The rewards are paid every week on Friday at 13:30 PM UTC. You can check your rewards here.
How is the management fee calculated?
Polysynth charges a 2% annual management fee on its DOVs i.e. ~ 0.038% per week. So, if your friend has deposited $100,000 for 1 week, the management fees generated would be $38, of which you will get $9.5. These are just weekly rewards, even assuming there is no auto-compounding of $100,000, you will still earn $494 over a year.
Are there any limits to how many referrals I can make?
You can refer as many people as you want using our referral program and also there is no cap on referral income generated.
What is the eligibility criterion?
Your friend must simply join using your referral link.
How long is the referral program valid?
The POV Referral program is valid till 30th June 2023. The referral program can be further extended at the discretion of the Polysynth team.
POL Tokens are getting accumulated right now. You will be able to claim them after the TGE. Wen TGE?​

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Contents

Working Mechanism

FAQs