Revenue Share is the Nolus referral program. Everyone you bring to the app earns you a share of the revenue their positions produce, and that share is paid out to your Nolus account. It lives on the home page of the Nolus Web App, in the card titled Revenue Share next to the Earnings card. There is no separate menu entry for it.
Before you have a link, the card leads with the share it offers, printed large, over the line of the revenue from everyone you bring to Nolus and, under it, Every position they open adds to your share. Once you have a link, the card carries the same promise as a single line above your code. The figure itself is always the one on the card, so read it there.
What your share adds up to
Your share is half of the margin interest that the positions of the people you brought pay to the protocol. That is the part of their interest which is Nolus revenue, not the part that goes to the lenders. It is not a cut of their position size or of their profit, and Earn deposits by the people you brought add nothing to it: only their margin positions do.
A worked example at today's rates: $100,000 of open long positions brings you about $1,800 a year, $100,000 of shorts roughly $400 to $1,200 (paid in the shorted asset), and their Earn deposits nothing. On the long market the protocol's margin is 4.5% a year on the borrowed part of a position, and it is charged in USDC. At 5x, $100,000 of open long positions borrow $80,000, so they pay about $3,600 a year in margin interest, and about $1,800 of that is yours, roughly $150 a month for as long as those positions stay open. The same $10,000 of positions brings you about $180 a year. Lower leverage borrows less, so it pays less: $100,000 of positions at 3x is about $1,500 a year and at 2x about $1,125.
Short positions work differently. A short borrows the asset being shorted (cbBTC, SOL and wETH on today's markets), so its margin is charged and your share accrues in that asset rather than in USDC, and the dollar value of what you receive follows the asset's price from then on. The rate is lower (1% to 3% a year today), so $100,000 of shorts at 5x brings roughly $400 to $1,200 a year at today's prices; the same share is worth more in dollars if the shorted asset rises and less if it falls.
These figures use the rates and prices as they stand today. Your share accrues as the interest is actually paid, so what you receive follows how long the positions stay open, how much they borrow, which markets they use and, for shorts, where the asset's price goes.
Getting your referral link
On the Revenue Share card, click Get Referral Link.
With no wallet connected, the click opens the wallet picker instead. Connect a wallet there, then click Get Referral Link again to register.
With a wallet connected, that one click registers you. There is no signature to approve, no on-chain transaction and no confirmation dialog. The card changes in place to the referrer view, with your code already in it.
Registration is permanent: once an account is a referrer there is no way to undo it in the app. It is not limited to one network either. The program is keyed to your Nolus account, so a Solflare or Phantom session gets its link exactly the same way.
Sharing your link
The referrer view shows Your Link above a box holding your personal link: app.nolus.io/ followed by your six-character code.
The copy icon inside that box (Copy Link) copies the full link and confirms with a Link Copied message.
On a phone, and in browsers that offer a share sheet, an extra Share button opens the device's share sheet with the text Join me on Nolus: and your link.
Share it however you like. The link is the only thing a friend needs in order to join through you.
How a link attaches to a friend
Opening your link takes the visitor to the Nolus home page and nothing else visibly happens: no banner, no pop-up, no message. The browser quietly remembers the code, so there is nothing for your friend to look for and nothing for them to confirm.
The code is attached to their account on the first transaction that can carry it: opening a margin position, repaying one, closing one, setting or removing a take profit or a stop loss, and Earn deposits and withdrawals. It travels as the transaction memo, written as ref:NLS- followed by the code, which is why the memo shows in the wallet's signing prompt and on the transaction afterwards. That memo is expected, and it is the only trace the whole process leaves.
Transfers, staking and governance votes do not carry it, so those alone will not attach the link.
The browser holds the code for 30 days from the moment your friend opens the link. If they make no transaction that can carry it in that time, the code is dropped and a later transaction attaches nothing; opening the link again starts a fresh 30 days.
The first attachment wins, and it is permanent: it cannot be swapped for another link or removed from the app later.
A link cannot attach to an account that already joined through someone else, or to an account that is a referrer itself, and your own link will not attach to your own account.
An attachment that does not go through never blocks, delays or fails the transaction itself.
On your side, the Referrals figure on your card counts up once that first transaction has landed on chain and the card has read your figures again, which happens the next time you open the home page.
What the figures on the card mean
Three figures sit under your link, with a chart beneath them.
Referrals: how many accounts joined through your link, followed by how many of them are currently active. When none are active, only the total is shown. This is a count rather than a balance, so the eye button next to Total Value in the Account popover leaves it visible while it masks the two USD figures and the chart values.
Your Share So Far: everything your referrals have earned you to date, in USD, whether it has already been paid out or is still waiting.
Next Payout, followed by a date: the date is when the next payout run happens, and the figure under it is the amount waiting to go out in it.
Share by Month: one bar per calendar month for the last six months, with the value above each bar and the month under it. The current month is faded because it is still running.
Until someone you brought opens their first position, the card shows No Revenue Yet with the line Your first month shows here once someone you brought opens a position.
A figure the app cannot read or price right now shows a dash instead of a number, and the chart shows a dashed box in place of the bars. A dash means the value is not known at that moment, not that it is zero. When the amount behind a dashed Your Share So Far or Next Payout is known in a currency that could not be priced, hovering the label lists it per currency, ticker by ticker; with values hidden, that hint is not shown either.
When the card cannot read your figures at all, it keeps this same layout with a dash in place of every figure and shows no error message. A card showing dashes throughout means the read did not come back, not that you have earned nothing.
Where your payouts show up
Payouts are sent to your Nolus account as an incoming transfer in the currency your share accrued in, USDC from long positions and the shorted asset from short positions, so they appear in Activities. When the referral program's own payout records list the transfer as one of your payouts, the row reads Payout in the Type column and its description reads Revenue share followed by the amount received; otherwise, for example while those records are still loading, it appears as an ordinary incoming Transfer.
Either way the row is a transfer: it shows under All and Transfers, never under Margin or Earn, and there is no Payout tab of its own. The Payout wording is read from the program's payout records rather than from the memo on the transfer, so a transfer whose memo looks like a payout but that the program did not record reads as an ordinary transfer. To see who sent a transfer, open the row's details from its ... menu and check From.
Payouts are not continuous. They go out in a payout run, the card names the date of the next one under Next Payout, and Your Share So Far keeps counting in between. An amount below the payout minimum for its currency, 1 USDC on the long market, is held and paid with a later run, nothing is lost.
For how the Activities table works in general, see Activities and Realized PnL.