Referral Program
Last updated
Last updated
As part of the Luminary Program, users can share a referral link to earn additional Lux. Each referral link is unique to each user, and can be found on the dApp.
Users can find their referral link on the Dashboard tab.
Users can find an overview of their referred users in by clicking See your referrals.
Referral links earn both the referrer (user distributing the link) and the referee (user staking and minting through the referee's link) additional Lux. A referrer will receive 20% of the amount of Lux generated from users staking BTC and minting LBTC by accessing the dApp through their referral link. A referee staking and minting through a referrer's access code will receive an additional 10% Lux. Referral links do not apply to users who enter swap for LBTC through the dApp. Referral links are only for staking BTC, and do not count for staking BTCB. After a referee has staked and minted through the referrers link, they can move their LBTC into the Lombard DeFi Vault or other whitelisted DeFi positions show in the dApp to earn themselves and the referrer additional Lux. Lux accrued through referral links are tracked and monitored by Lombard. Important: the referral program only works for users depositing to a new BTC deposit address via a referral link. A new BTC deposit address is generated each time a user stakes through the Lombard dApp. If a referee initiates a stake through a referral stake, but does not complete the transaction, then the referrer will see under the Your Referrals section the referee's address and a corresponding balance of 0 BTC. Example:
Assume user A receives 5000 Lux, user B 3000 Lux, and user C 2000 Lux. Now, suppose user A had shared a referral link with users B and C. Then, user A would receive an additional 600 + 400 Lux, user B would receive an additional 300 Lux, and user C would receive an additional 200 Lux. So, the final amount of Lux received for users A, B, and C respectively would be, 6000, 3300, and 2200 Lux.
Lombard Finance Ltd’s (“Lombard’s”) Referral Program (“Referral Program”) is offered at the sole discretion of Lombard. Lombard reserves the right to modify or terminate the Referral Program at any time, for any reason, and without any prior warning to users participating in the program. Modifications to the Referral Program include, but are not limited to, changes in Lux (points) allocation, rules, and rewards associated with the program. Users participating in the program hereby acknowledge that they both understand and accept these terms, and it is the responsibility of any users participating in the program to regularly check this page and Lombard’s Terms of Service for updates in the program. Lombard is not responsible for losses or liabilities associated with, or resulting from, the program. By participating in the Referral Program, or otherwise accessing or using Lombard’s UI, you acknowledge and agree that you (i) are eligible to use Lombard’s Services as described in Lombard’s Terms of Service, and (ii) accept and agree to be bound and comply with these terms and conditions, along with those set forth in Lombard Finance’s Terms of Service.
By participating in the Referral Program, or otherwise accessing or using Lombard’s UI, you acknowledge and agree that you (i) are eligible to use Lombard’s Services as described in Lombard’s Terms of Service, and (ii) accept and agree to be bound and comply with these terms and conditions, along with those set forth in Lombard Finance’s Terms of Service. The Referral Program may not be available in your jurisdiction, or the jurisdiction of an individual that you send a referral link. The Lombard Protocol restricts access to users in certain jurisdictions, including the United States. For a full list of restricted parties, please visit our Terms of Service. Lombard Lux are virtual representations of LBTC usage, with no monetary value and cannot be converted to, accrued as, or used as a basis for tokens, digital assets, or currency. Lux are not property and are non-transferable. They cannot be sold, traded, or used for credit. Lombard may cancel, change, or modify the Luminary program at any time without notice, including altering how Lux are earned. Lux is not available to persons who are citizens of, residents (tax or otherwise) of, green card holders of, incorporated in, owned or controlled by a person or entity in, located in, or has a registered office or principal place of business in the United States (defined as a “U.S. person”); persons who are acting for the account or benefit of any U.S. person; persons in any jurisdiction in which the offer, sale, holding, and/or purchase of digital assets or cryptocurrencies is unlawful, prohibited, or unauthorized (together with U.S. persons, a “Restricted Person”); or persons subject to sanctions or who are resident or nationals of a sanctioned jurisdiction. Lux may not be available in your jurisdiction. Fraudulent, abusive, or manipulative activities, such as creating multiple accounts or using bots, are prohibited and may result in forfeiture of Lux and termination of participation.
