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TL;DR

The Orderly Distributor Program is the core growth engine for the Orderly One ecosystem. It incentivizes Distributors to onboard new Builders (DEXs) through a tiered revenue-sharing model.
  • Participant Role: Anyone (EOA) or Builder Owners can participate as a Distributor.
  • Profit Mechanism: Revenue is generated via the “Fee Spread” between the Distributor’s tier and their Invitee’s tier.
  • Scale Advantage: Distributors level up using the aggregate volume of their entire invitee network plus their own volume.

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1. Participant Profile

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2. Onboarding & Binding Rules

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The 3-Step Setup

Access the portal at dex.orderly.network/distributor/ to begin:
  1. Connect: Link an EOA wallet via Ethereum, Arbitrum One, or Base.
  2. Activate: Complete key creation to initialize the Distributor profile.
  3. Share: Use unique distributor codes or URLs to bind invitees.

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Binding Rules (Guardrails)

  • Unidirectional: An invitee can only be bound to a single distributor.
  • Non-Reciprocal: Cross-referral (e.g., A invites B, B invites A) is strictly prohibited.
  • Timing: Binding must be established at or before the invitee’s DEX graduation.
  • Immutability: Once established, the binding relationship cannot be modified.
  • Account Type Lock: An EOA account registered as a Distributor cannot be converted into a Builder Admin account later.

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3. Orderly Tiering Programme

A distributor’s tier is determined by their 30-day Aggregate Volume or $ORDER Staking.

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Tiers & Privileges

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The Volume Formula

"30d Aggregate Vol."="Distributor Personal Vol."+∑("All Graduated Invitees’ Vol.")\text{"30d Aggregate Vol."} = \text{"Distributor Personal Vol."} + \sum (\text{"All Graduated Invitees' Vol."}) Reference: Orderly Builder Programme.

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4. Revenue Share Mechanics

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The Core Equation

Vanguard revenue share applies only to taker orders. Maker orders and maker rebates are not included. Distributors earn the “spread” between the invitee’s base taker fee and their own. Base taker fees are tier-based Builder fees paid to Orderly, not the user-facing fees each Builder configures for its trading platform. Distributor Margin: Margin=max⁡(0.1" bps","Invitee Base Taker Fee"−"Distributor Base Taker Fee")Margin = \max(0.1 \text{" bps"}, \text{"Invitee Base Taker Fee"} - \text{"Distributor Base Taker Fee"}) (A guaranteed 0.1 bps minimum margin applies to taker orders even if tiers are identical.)

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5. Settlement & Distribution

  • Frequency: Daily settlement at 00:00 UTC.
  • Automatic Distribution: Builder Owner revenue is credited to the Builder Admin Account; General EOA revenue is credited to the Distributor.