# Referrals

## What are Vultisig Referrals

Vultisig Referrals uses [THORChain Nested Affiliates](https://dev.thorchain.org/affiliate-guide/affiliate-fee-guide.html) to redistribute a portion of swap fees back to users.

<figure><img src="https://644481292-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfSRUQVZENEfvoqS6R0GO%2Fuploads%2Fgit-blob-289dc207902e563c42c58bfe3a046605bc2b811d%2Fimage%20(18).png?alt=media" alt="" width="375"><figcaption></figcaption></figure>

## What do Vultisig users gain?

* Users who refer others — *referrers* — earn 10 basis points (0.10%) on each referred swap.
* Users who use a referral code save 5 basis points (0.05%) on each swap.

## How do they work?

When a swap is made, the app creates a memo for the swap on THORChain. This memo includes the user's chosen affiliate and redistributes the fees directly to the affiliate's owner.

## How to manage the Vultisig Referrals

In the Referrals section of the app (Settings → Referral Code), you can:

* Create your own referral code and start earning.
* Enter a friend's code and start saving.
* Edit or change your saved referral code.

{% hint style="info" %}
Note: You can replace your friend's referral code at any time, but cannot leave the field blank once a code has been entered.
{% endhint %}

<figure><img src="https://644481292-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfSRUQVZENEfvoqS6R0GO%2Fuploads%2Fgit-blob-c6e758d33bf8956653085ad88ef185897d8e55f3%2Fimage%20(19).png?alt=media" alt=""><figcaption></figcaption></figure>

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## Related

* [Swapping](https://docs.vultisig.com/app-guide/wallet/swapping) — Swap tokens using THORChain/Maya
* [THORChain](https://docs.vultisig.com/app-guide/defi/thorchain) — THORChain DeFi integration