KESTREL DOCS

Understand tokenized DeFi strategies.

Learn how Kestrel packages on-chain strategies into tokens, what happens when you buy or sell, and which risks matter before using the protocol.

Referrals

Referrals currently apply only to the Meme Buybacks strategy. Majors, including Yield Carry, do not currently offer these referral discounts or rewards. Sharing a referral link does not make other strategies eligible.

How links work

Share your link from the Referrals dashboard. A link includes a code, such as https://kestrel.finance/?ref=CODE.

Opening a link lets the frontend capture the code. Attribution is registered on-chain through the referral or trade flow; opening a URL alone does not register an on-chain transaction. An already registered referrer takes precedence and cannot be replaced by opening another link.

Discounts and rewards

For eligible Meme Buybacks trades:

  • The referred trader receives 10% off the configured mint and burn fees. A 0.20% fee becomes 0.18%; the discount applies to the fee, not the entire trade amount.
  • The referrer receives 20% of the fee actually charged. The protocol receives the remainder; referral rewards do not add an extra fee to the trade.
  • Underlying-token transfer taxes, network costs, and buyback performance fees are not discounted.

Receiving rewards

Use the Referrals dashboard to view balances and select a supported reward token. Meme referral rewards can be redeemed, converted, and paid through background processing. Small balances may carry forward because conversions have minimum-value and activity-age checks, so rewards are not necessarily paid immediately after each trade.