Orderly Referral Code — ORDER Trading Rewards

Orderly Network is a backend layer that powers multiple DEX frontends for perp trading. Orderly provides the order book engine, settlement layer, and liquidity layer. DEX frontends plug into it. It is not a single trading interface. Trading on any Orderly-powered platform earns ORDER token trading rewards — actual tokens per epoch, not speculative points. The pre-TGE "Merits" points era ended when ORDER launched in August 2024.

How Orderly Network works

Orderly sits beneath multiple DEX interfaces. It provides a shared order book and settlement layer. Frontends connect to it — similar to how Synthetix powers multiple trading interfaces. Liquidity is pooled across all connected frontends. Each interface gets deeper liquidity than it could build on its own.

Frontends built on Orderly include WOOFi Pro and others. All feed into the same Orderly order book. Traders on any of these interfaces earn the same ecosystem-wide trading rewards.

The protocol runs across multiple chains — Ethereum, Arbitrum, Base, Solana, and more. This makes it one of the most multi-chain perp layers in production.

ORDER trading rewards — live tokens, not points

The ORDER token launched on August 26, 2024, converting the pre-TGE Merits campaign into a 100 million-token airdrop. Since then, the reward program pays directly in ORDER: epoch-based trading rewards accrue for trading through any Orderly-powered frontend and are claimable to your connected chain.

Token-side, the economics compound: staking ORDER or esORDER earns VALOR — a claim on the protocol treasury funded by protocol revenue — plus governance rights and trading-reward boosts. And since November 2025, a buyback program routes up to 60% of net protocol fees into biweekly open-market ORDER repurchases, with half of the repurchased tokens flowing to stakers as esORDER.

Why the Orderly position matters

A shared backend layer has a structural edge over consumer products. Consumer products can be displaced by better UX or lower fees. A shared layer that multiple products depend on is harder to replace. Orderly powers multiple DEX interfaces, which gives it a defensible role in the DeFi perps space — though its current footprint is modest next to the giants: open interest runs in the low tens of millions of dollars, versus billions on Hyperliquid.

For traders choosing where to put activity: shared-layer protocols with cross-platform rewards let you earn on any frontend. Usage is measured across the full network, not just one interface.

Chains and frontends

Orderly operates on Ethereum, Arbitrum, Base, Solana, and additional EVM chains. Connect to an Orderly-powered frontend using a wallet for the relevant chain. USDC is the primary collateral asset across Orderly-powered platforms.

Security

Orderly Network has significant backing and has completed formal security audits of its core code from Halborn, Zellic, and Guardian Audits. The smart contracts settle a high volume of trades. Smart contract risk and cross-chain bridge risk are real. As with any DeFi layer, size positions to reflect this.

Frequently Asked Questions