> ## Documentation Index
> Fetch the complete documentation index at: https://docs.ekiden.fi/llms.txt
> Use this file to discover all available pages before exploring further.

# VIP Program

> Volume-based fee benefits and rewards for active Ekiden traders.

The VIP program combines lower trading fees, maker rebates, and XP rewards. Fee tiers are based on rolling 30-day notional volume. XP rewards are allocated through the rewards system described in [Points Program](./points-program).

## Fee Tiers

| 30-Day Volume | Maker Fee | Taker Fee |
| ------------- | --------- | --------- |
| \$0+          | 0.0200%   | 0.0500%   |
| \$2.5M+       | 0.0150%   | 0.0450%   |
| \$5M+         | 0.0125%   | 0.0400%   |
| \$10M+        | 0.0100%   | 0.0350%   |
| \$20M+        | 0.0075%   | 0.0300%   |
| \$30M+        | 0.0050%   | 0.0250%   |
| \$50M+        | 0.0030%   | 0.0200%   |
| \$75M+        | 0.0015%   | 0.0150%   |
| \$100M+       | 0.0000%   | 0.0125%   |
| \$250M+       | -0.0015%  | 0.0100%   |
| \$500M+       | -0.0030%  | 0.0100%   |
| \$1B+         | -0.0050%  | 0.0100%   |

Volume is calculated across perpetual markets. Negative maker fees are rebates paid on execution.

## Market Share Rebates

High-share makers can earn additional maker rebates per market.

| Maker Share | Extra Maker Rebate |
| ----------- | ------------------ |
| >= 0.5%     | -0.001%            |
| >= 1.0%     | -0.002%            |
| >= 3.0%     | -0.003%            |

Market share rebates stack with volume-based maker fees.

## XP Rewards

XP does not use a simple `notional / 1000 * multiplier` formula. Ekiden currently uses the backend `rewards_xp_mvp_v1` model:

* A weekly XP pool is allocated pro rata.
* Trading power score is based on eligible volume, ROI, and drawdown factor.
* Referral bonuses add power score from up to three referral levels.
* Ledger entries record the allocation reason and balance impact.

XP is visible through rewards and leaderboard APIs once enabled for the user/account:

* `GET /api/v1/user/rewards`
* `GET /api/v1/user/referral`
* `GET /api/v1/user/leaderboard`
* `GET /api/v1/user/leaderboard/placement`

## Eligibility

VIP benefits and XP rewards may exclude activity that is not economically meaningful or violates program rules, including wash trading, self-referral, circular referral activity, multi-account farming, or attempts to exploit campaign windows.

## Distribution

Fee benefits apply through the trading fee schedule. XP allocations are recorded in the points ledger and surfaced through account rewards and leaderboard responses. Campaign-specific grants or adjustments should also be recorded through auditable ledger reasons.