Rebate Mechanism

What is the rebate mechanism in the Solomon DeFi vault?

The rebate mechanism allows users to earn a percentage of their deposits and earnings back as a rebate. The rebate rate can increase based on the user's deposit volume and the transaction volume and earnings of referred users.

How can I increase my rebate rate?

You can increase your rebate rate by depositing more funds into the vault, as well as by referring other users. As your referred users deposit and earn, your rebate rate may be upgraded.

What happens if I don't maintain my rebate rate?

Rebate rates are reviewed and settled each quarter. If your deposit volume or the activity of your referred users decreases, your rebate rate may be downgraded. This means you might receive a lower rebate in the next period.

How is the rebate calculated?

Rebates are calculated based on a combination of factors, including your own deposits, the transaction volume of users you have referred, and their earnings. The more active and profitable your referred users are, the higher your potential rebate.

When do I receive my rebate?

Rebates are distributed at the end of each quarter, after the rebate rate has been reviewed and finalized. You'll receive your rebate directly into your account.

Can my rebate rate decrease?

Yes, if you or your referred users do not maintain the required transaction volume or earnings, your rebate rate may decrease after the quarterly review. This ensures that the rebate mechanism rewards active participation and contribution.

Is there a cap on how high my rebate rate can go?

While there may be a maximum rebate rate, it can typically increase as long as you continue to grow your deposit volume and the activity of your referred users. Specific caps or thresholds will be detailed in the terms of the rebate program.