Skip to main content

​
TL;DR

The Vanguard 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.
  • Key Roles: Participants join as either Ambassadors or Builders.
  • Profit Mechanism: Revenue is generated via the “Fee Spread” between the Distributor’s tier and their Invitee’s tier.
  • Scale Advantage: Distributors can level up their tier using the aggregate volume of their entire invitee network.

​
1. Participant Profiles

FeatureAmbassadorBuilder
RoleGeneral users / AffiliatesGraduated DEXs
Revenue StreamReferral share onlyDEX operational profit + Referral share
Revenue SettlementAmbassador trading accountBuilder admin account

​
2. Onboarding & Binding Logic

​
The 4-Step Setup

  1. Connect: Link an EOA wallet via Ethereum, Arbitrum One, or Base.
  2. Profile: Select the “Ambassador” or “Builder” path.
  3. Activate: Complete key creation (Builders must complete the “Graduation” process).
  4. Share: Use unique distributor codes or URLs to bind invitees.

​
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.

​
3. Orderly Tiering Programme

A distributor’s tier is determined by their 30-day Aggregate Volume and $ORDER Staking. This system aligns distributor growth with overall ecosystem performance.

​
Tiers & Privileges

Tier30d Aggregate Volume$ORDER StakedBase Taker FeeTier Assignment Privilege
Public≥ $0≥ 03.00 bps-
Silver≥ $30M≥ 100K2.75 bps-
Gold≥ $90M≥ 250K2.50 bpsCan assign Silver / Public
Platinum≥ $1B≥ 2M2.00 bpsCan assign Gold & below
Diamond≥ $10B≥ 7M1.00 bpsCan assign Platinum & below

​
The Volume Formula

30d Aggregate Volume=(Distributor Volume)+∑(All Graduated Invitees’ Volume)\text{30d Aggregate Volume}=(\text{Distributor Volume})+\sum (\text{All Graduated Invitees' Volume}) (Note: For Ambassadors, personal volume is treated as 0). Reference: Orderly Builder Programme.

​
4. Revenue Share Mechanics

​
The Core Equation

Distributors earn the “spread” between the invitee’s base fee and their own. Distributor Margin: Margin=max⁡(0.1 bps,Invitee Base Fee−Distributor Base Fee)Margin = \max(0.1 \text{ bps}, \text{Invitee Base Fee} - \text{Distributor Base Fee}) (A guaranteed 0.1 bps minimum margin applies to Taker orders even if tiers are identical). Invitee (DEX) Margin: Margin=End User Fee−Invitee Base Fee−Referral CommissionsMargin = \text{End User Fee} - \text{Invitee Base Fee} - \text{Referral Commissions}

​
Fee Spread Example

If the Distributor is Diamond (1.0 bps) and the Invitee is Gold (2.5 bps) with an End User Fee of 5.0 bps:
  • Distributor Share: $2.5 - 1.0 = 1.5 bps
  • Invitee Share: $5.0 - 2.5 = 2.5 bps
  • Orderly Protocol Fee: 1.0 bps

​
5. Settlement & Distribution

  • Frequency: Daily settlement at 00:00 UTC.
  • Automatic Distribution:
    • Builders: Revenue is credited to the Builder Admin Account.
    • Ambassadors: Revenue is credited to the Ambassador Trading Account(The trading account created under the ambassador broker).