Skip to main content
Monaco shares revenue with traders, builders, and market-proposers, accessible at all activity tiers, from retail trader to institutional market-maker.

​
Ways To Earn

​
Maker Rebates

Add liquidity through maker orders and receive a rebate when they fill. There is no minimum volume tier for access to maker rebates. See Fees for the current spot and perpetual schedules.

​
TraderCodes

Every user can mint a unique TraderCode and use it to refer other traders. When someone signs up with your code, you earn a share of referral revenue from net protocol fees.
L1First-degree referrals
L2Second-degree referrals
L3+Deeper levels, up to 10
You earn from direct referrals and from the further layers of activity they bring, across up to 10 referral levels. Monaco sets how many levels earn and the reward rate for each level. These can be configured per client application, and a trade pays the levels of the client it was placed through. Rewards are allocated to your account at the time of the trade, and there is no limit on the number of traders you can invite.See the TraderCodes guide for integration steps and account methods.

​
BuilderCodes

Applications have two revenue routes:
  1. Application fees. Add non-negative maker or taker fees on top of Monaco’s base fees and retain 100% of those app-specific fees.
  2. Protocol revenue rebates. Earn rewards from base protocol fees in proportion to the volume routed to Monaco’s orderbook.
The BuilderCodes guide covers attribution, payout accounting, endpoints, and claim safety.

​
Market-Proposers

Monaco’s market-proposer model lets proposers bring assets to market without a listing fee. A proposer supplies the minimum required liquidity and receives a 50% revenue share from activity in that market while it remains listed and active.The first instance of a proposed asset becomes the canonical version, avoiding multiple fragmented versions of the same asset.
Monaco protocol is designed to provide a seamless trading experience, while enabling participants on the ecosystem to earn directly from their contributions. Revenue-sharing is not limited to high-volume institutional programs or specific teams: all traders can earn through maker rebates and TraderCodes, and builders can monetize the applications they create.
  • Maker rebates: All traders can earn maker rebates across all levels of volume activity. See Fees for current maker and taker fees.
  • TraderCodes: A unified referral program that tracks activity and enables direct revenue-sharing.
  • BuilderCodes: Earn on the trading activity routed through your chosen application.
  • Market proposers: Proposers can earn from the activity generated by markets they launch on Monaco, once a market meets liquidity and activity requirements.

TraderCodes

Trade together, earn together. Every Monaco user will be able to mint a unique TraderCode, which they can use to refer other traders. When another user signs up with that code, the referrer earns a share of the referral revenue from net protocol fees.
Building with TraderCodes? See the TraderCodes developer guide for integration steps, SDK methods, and API reference.
Why share a Trader Code?
L1 first-degree referrals
L2 second-degree referrals
L3+ deeper referral levels, up to 10
  • Earn across up to 10 levels: Users earn from the trading fees generated by direct referrals, but also activity from incremental referrals brought by those traders. Monaco configures how many levels earn, up to 10, and the reward rate for each level. These can be configured per client application, and a trade pays the levels of the client it was placed through.
  • Instantly accessible: These rewards are allocated to your account at the time of the trade.
  • No limits to referrals: Users can invite as many traders as they want.

BuilderCodes

Integrating a frontend? See the BuilderCodes developer guide for attribution, payout accounting, frontend endpoints, and claim safety.
There are two ways to earn:
  • Your fees, your pocket: Frontends can add additional maker and taker fees (>= 0 bps) in addition to Monaco Protocol’s base fees, and keep 100% of these app-specific fees.
  • Protocol revenue rebates: Frontends earn additional rewards proportional to the volume they route to Monaco Protocol’s order book, coming from base protocol fees.

Market Proposers

Monaco is designed to let proposers bring new assets to market without paying a listing fee. A proposer supplies the required minimum liquidity for the market and receives a 50% revenue share from activity generated in that market while the market remains listed and active.Proposer markets are intended to avoid fragmented multiple versions of the same asset, and so the first instance of a proposed asset becomes the canonical version.
Proposer economics, minimum liquidity requirements, activity thresholds, and delisting rules are subject to Monaco governance and market-review requirements.