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

# Programs Overview

> The four ways to earn on Aura: creating markets, providing liquidity, referring traders, and voting correctly on disputes.

Aura pays out to the people who make the market work. There are four programs,
each aimed at a different job, and they stack: nothing stops you from creating
markets, quoting on them, referring traders, and voting on disputes.

All of them are funded from the same place, the **2.5% trading fee** charged on
executed volume and collected in USDT. Nothing here is paid by minting tokens.

<CardGroup cols={2}>
  <Card title="Creator rewards" icon="lightbulb" href="/programs/creator-rewards">
    Propose a market, earn a tier-scaled slice of every trade on it for as long
    as it lives. Between 1% and 30% of the trading fee.
  </Card>

  <Card title="Liquidity rewards" icon="layer-group" href="/programs/liquidity-rewards">
    Post resting limit orders near the midpoint and earn from a daily USDT pool
    worth 0.25% of the day's volume.
  </Card>

  <Card title="Referral program" icon="user-plus" href="/programs/referral-program">
    Bring traders in and earn 10% of the trading fee on everything they ever
    trade.
  </Card>

  <Card title="Dispute voting" icon="scale-balanced" href="/programs/dispute-rewards">
    Stake \$AURA, vote correctly on contested outcomes, and get paid from the
    losing side's slashed stake plus a cut of the market's fees.
  </Card>
</CardGroup>

## Where the fee goes

Every fill pays 2.5%. That single fee funds all four programs:

| Slice     | Goes to                                                           |
| --------- | ----------------------------------------------------------------- |
| 1% to 30% | The market's creator, scaled by their staked tier                 |
| 10%       | The daily liquidity rewards pool                                  |
| 10%       | The referrer of the trader, if they have one                      |
| 10%       | Winning dispute voters, on disputed markets only                  |
| Remainder | Protocol treasury, which funds development and the programs above |

Because the creator's slice scales with tier, the treasury's share is what
flexes. A market created by a Degenerate-tier staker gives more to the creator
and less to the treasury.

## How payouts reach you

Two different timings, and it is worth knowing which is which.

<CardGroup cols={2}>
  <Card title="At market resolution" icon="flag-checkered">
    Creator fees, referral fees, and dispute voter rewards accrue inside the
    market contract as trades happen, then pay out automatically once the market
    resolves. No claim, no button, no deadline.
  </Card>

  <Card title="Daily" icon="calendar-day">
    Liquidity rewards are scored per day and paid the next day, independent of
    whether any market resolved.
  </Card>
</CardGroup>

<Note>
  Fees stay locked in the market until it resolves yes or no. This is why a
  `TOO_EARLY` dispute outcome pays nobody: the market returns to trading and its
  fees keep accruing until there is a real resolution. See
  [Resolution and disputes](/markets/resolution-and-disputes).
</Note>

## Which program fits you

<AccordionGroup>
  <Accordion title="I have good ideas for markets" icon="lightbulb">
    [Creator rewards](/programs/creator-rewards). Your earnings scale with how
    much volume your market attracts, so this rewards judgment about what people
    want to trade. Stake \$AURA first, since your tier at propose time sets your
    cut.
  </Accordion>

  <Accordion title="I have capital and want yield" icon="layer-group">
    [Liquidity rewards](/programs/liquidity-rewards). Quote both sides near the
    midpoint. Paid daily regardless of resolution, so the cycle is short.
  </Accordion>

  <Accordion title="I have an audience" icon="user-plus">
    [Referral program](/programs/referral-program). One link, and you earn on
    everything your referrals trade for as long as they trade.
  </Accordion>

  <Accordion title="I follow a subject closely" icon="scale-balanced">
    [Dispute voting](/programs/dispute-rewards). The highest rate of return and
    the only one that can lose you money. Backing a losing outcome costs you
    staked \$AURA.
  </Accordion>
</AccordionGroup>