How does the Lighter referral program work?

Lighter ($LIGHTER) is an orderbook-based perpetual DEX (built on zkLighter) that touts verifiable matching and liquidations — its differentiator is cryptographic verification of order matching, which is unusual among perp DEXs. LighterTrade Now

On the referral program specifically: Lighter uses a link-based referral system — you trade through a URL carrying a referral parameter (e.g. app.lighter.xyz/?referral=...). The code is embedded directly in the link, so there's no separate coupon to type in; whoever holds the referral link is credited when a new trader signs up and trades through it.

That's the extent of what I can confirm from the data I have — I don't have Lighter's official terms for exactly what each side earns (fee discounts, rebates, points, or tiers). For the specific reward structure and any tier requirements, the definitive source is Lighter's own docs, which you can reach from Lighter's site.

Context if useful: Lighter is a mid-size perp DEX by usage — per DefiLlama it's pulling roughly $399K in daily fee revenue (of which ~$371K is protocol revenue), which puts it behind the big incumbents but well above most of the long tail in this category. Worth knowing the standard caveats for any new-ish perp platform: verify orderbook liquidity depth and check the security/audit track record before trading significant size on it.