# Referrals (/fees/referrals)





Pear's referral program is two-sided: **referees** (users who join through a code) pay less, and **referrers** earn from the fees of the traders they bring in.

## How it works [#how-it-works]

If you join Pear through someone's referral code:

* **You get a 10% discount** on your trading fees, applied automatically at execution.
* **The person who referred you earns** a share of the Pear trading fees your trades generate, accruing to them in Pear's fee ledger.

The program is fully off-chain. Attribution and reward accounting live in Pear's own ledger. There is **no on-chain claim step and no wallet signature** involved in earning or receiving rewards.

<Callout>
  Referrer payout rates are program-controlled and may change. The Pear app shows the current numbers. The referee's 10% discount is the standing rate as of September 2026.
</Callout>

## Where to manage your code [#where-to-manage-your-code]

The same code works across both interfaces (web app and Telegram):

* **Web**: the Referrals page under **Portfolio / Earn** in the Pear app at [app.pear.garden](https://app.pear.garden).
* **Agent Pear on Telegram*&#x2A;: run &#x2A;*`/ref`** in a direct message with Agent Pear to see your code, copy your invite link, and track who joined through you.

## Creating and sharing a code [#creating-and-sharing-a-code]

* Your code is **permanent and case-sensitive**, one per user, first-come-first-served, and it cannot be renamed. Choose carefully.
* Share it as a link or directly from your profile.
* When someone opens your invite link:
  * If their trade account is already linked, the code binds once they accept the invite. Nobody is bound silently.
  * If they haven't linked a trade account yet, the code is held and binds automatically the moment they finish linking.

## Binding rules [#binding-rules]

* Binding is **permanent and first-bind-wins**. Each user is referred by exactly one code, forever.
* The program rejects self-referrals and mutual referrals.
* Attribution is **account-level** (set when the code binds), never per order. A code cannot be attached to an individual trade.
* Pear carried legacy codes over, so early users may already be bound to an earlier code.