[GIP-120]: Gearbox Passive Lending Referral Program

Objective

Establish a referral fee structure that generously rewards Gearbox's referral partners for driving TVL growth, while maintaining long-term sustainability for the protocol.

Background

The concept of integrating a referral program within DeFi protocols has proven to be a successful strategy for fostering growth and securing valuable partnerships. Our analysis of various models reveals a common practice of sharing between 10% and 50% of protocol revenue with referrers, often structured in tiers based on the amount of TVL referred.

A survey of industry comparables shows:

• Ye…