Share Dragonfly. Earn free months, discounts, and a cut of what you help build.
Three reward tracks. Every subscriber gets a personal referral link from day one. The rewards compound the longer you stay and the more people you refer.
Every revenue share milestone has digits that add up to 9 — 45, 63, 90, 108, 135… it's by design.
Dragonfly is a one-person operation. There are no ads, no sponsored picks, no outside investors. The research stays independent because the only people funding it are subscribers.
Every person you refer directly funds better data feeds, more research time, and deeper signal coverage. That benefits everyone already here — including you.
The referral rewards below exist because you're not just sharing a newsletter — you're helping build something. That deserves more than a thank-you email.
Full picture — by tier
Every perk you can earn, laid out per plan.
Your referral link is active from day one on any tier. Every reward applies automatically — no codes, no forms. The further you go on Premium, the more it compounds.
Basic
$9.99/mo
Simple rewards. Good start.
When
You get
1 active referral
Bonus research report Exclusive deep-dive on one high-signal thesis
3 active referrals
1 month free
6 active referrals
2 months free
9 active referrals
3 months free + 9% off your next month only + watchlist expands 3 → 9 tickers
1 year subscribed
1 month free Anniversary bonus, automatic
Discounts are temporary on Basic. Watchlist expansion at 9 refs is permanent. Upgrade for more perks.
Investor
$18.99/mo
Bigger rewards, more coverage.
When
You get
1 active referral
Bonus research report Exclusive deep-dive on one high-signal thesis
3 active referrals
1 month free + monthly Problem Scanner digest sent to your inbox
5 active referrals
24hr early access to every issue You see it before the public, every week
6 active referrals
2 months free
9 active referrals
3 months free + 18% off your next 2 months only + watchlist expands 12 → 18 tickers
1 year subscribed
2 months free Anniversary bonus, automatic
Discounts are temporary on Investor. Upgrade to Premium for permanent discounts and revenue share.
Premium — most rewarding
$36.99/mo
Permanent discounts. Revenue share. Compounds over time.
When
You get
1 active referral
Bonus report + Problem Scanner digest + 48hr early access All three, immediately — no waiting
3 active referrals
1 month free
6 active referrals
2 months free
18 active referrals
9% off — forever
27 active referrals
15% off — forever
36 active referrals
24% off — forever ★ Combined with loyalty bonus = 25% hard cap
+6% loyalty discount + December holiday bonus every year
5 years subscribed
+10% loyalty discount (max)
45+ refs · 3yr+ subscribed
Revenue share 1–12%/mo % of net revenue from your refs, monthly
1-yr anniversary bonus: 3 months free (worth $110.97). 3yr+ anniversary: 1 free month or 2× revenue share each December.
Everything applies automatically. No codes, no requests. Active referrals = people who used your link and currently have a paid subscription. Scroll down for the full revenue share breakdown.
Your 1-referral reward
The deep-dive report — unlocked with your first referral.
This is the kind of research that takes hours to find on your own. One referral unlocks the full report — and a new one drops every month.
Dragonfly Systems Research · May 2026
The Rare Earth Chokepoint: China Controls the Inputs to Every Technology You Invest In
The problem was identified in 2010. The policy response started in 2021. The market still hasn't fully priced it in.
There are 17 rare earth elements. They are not actually rare — the name is a misnomer. What is rare is the processing capacity to refine them into usable materials. That capacity is concentrated almost entirely in one country.
China controls approximately 85% of global rare earth processing. The United States imports 100% of its processed rare earth compounds. The DOD has named this a critical risk in every annual report since 2017. Now the policy money is moving — and where federal dollars go, contracts follow.
The trickle-down chain runs five steps: mining → separation → magnet manufacturing → motors and components → end products. Steps 1–3 are where Dragonfly is focused. That is where the supply constraint lives, where the policy money is directed, and where the stocks have the most room to move. MP Materials received a $58.5M DOD contract to build the first domestic magnet manufacturing facility in the United States. Energy Fuels operates the only licensed rare earth separation facility outside of China currently processing commercial quantities...
The four companies positioned at steps 1–3, the three pre-IPO names to watch before they go public, and the five specific catalysts that will move these stocks in the next 12–18 months are all inside the full report.
Refer 1 subscriber to unlock
Share your referral link. When one person subscribes using it, the full report is sent to your inbox automatically.
Investor tier gets the monthly digest. Premium gets every report 48 hours early. A new deep-dive drops every month.
Potential earnings
What does this actually look like in dollars?
Below are real numbers at key milestones. Revenue share is based on referred subscribers staying on the Investor tier ($18.14 net/mo after fees). Premium tier refs earn you even more.
3 referrals
1 month free
Worth $9.99–$36.99 depending on your tier. Automatic.
9 referrals
3 months free
Worth up to $110.97/yr on Premium. Permanent discounts kick in at 18 refs (Premium).
27 referrals
15% off forever
Saves $66.58/yr on Premium. At 27 refs (Premium). 36 refs reaches 24% forever.
45 refs — Entry
~$25/mo
1% base + 2% Premium bonus = 3% at 3yr Premium. Investor refs.
135 refs — Ambassador
~$220/mo
8% base + 3% Premium = 11% at 6yr Premium (capped 12%). Investor refs.
270 refs — Legend
~$588/mo
12% max at 12yr. ~$1,154/mo if refs are on Premium tier.
Revenue share requires Premium subscription + 3 years subscribed + referral milestone. Only active subscribers count toward your total. Estimates based on current pricing — actual amounts depend on the tiers your referred subscribers choose.
How it works
Three reward tracks — all running at once.
Every subscriber gets a personal link in every email. Share it — when someone subscribes through your link, all three tracks update automatically. No codes, no forms, no customer service.
01
Free months
At 3, 6, and 9 referrals you earn one free month each — 3 months maximum. Applies to all tiers. At 9 refs your watchlist also expands permanently.
All tiers
02
Subscription discount
At 9 referrals a temporary discount kicks in — Basic gets 9% off next month, Investor gets 18% off the next 2 months. Premium subscribers earn permanent discounts: 9% forever at 18 refs, 15% forever at 27 refs, 24% forever at 36 refs.
All tiers · Best on Premium
03
Revenue share
A percentage of the net subscription revenue from everyone you referred — paid monthly, every month they stay active. Scales with referral count and years subscribed. Premium only.
Premium · 3+ years · 45+ refs
Free months & discounts — detail
How discounts work differently on each tier
Free months (Track 1) work the same on every tier — 3 referrals earns one free month, up to three. Discounts (Track 2) are where the tiers differ significantly.
Basic
9 refs
9% off your next month only
Beyond 9
No further discount milestones
Investor
9 refs
18% off your next 2 months
Beyond 9
No further discount milestones
Premium — permanent
18 refs
9% off — forever
27 refs
15% off — forever
36 refs
24% off — forever ★
★ 24% at 36 refs (Premium): The highest referral discount — 24% off your Premium subscription permanently. Stack it with the 1-year loyalty bonus (+2%) and you hit the 25% combined hard cap. Every milestone — 9, 18, 27, 36 — has digits that add up to 9.
Track 3 — Premium only
Revenue share — the full picture
Your revenue share percentage is set by two things: how many active subscribers you've referred, and how long you've been subscribed in total. Both compound. The grid below shows your base rate. Premium subscribers earn a bonus on top.
Requires: Premium tier · 3+ years subscribed (any tier counts) · referral milestone reached · only active subscribers count.
Base revenue share % — all years on any tier count
Active referrals
3 years
6 years
9 years
12 years
18 years
45 refs Entry
1%
2%
2%
3%
3%
63 refs
2%
3%
3%
4%
4%
90 refs Contributor
3%
4%
5%
5%
6%
108 refs
4%
5%
6%
6%
7%
135 refs Ambassador
5%
6%
7%
7%
8%
162 refs
6%
7%
8%
8%
9%
189 refs Prestige
7%
8%
9%
9%
10%
243 refs
8%
9%
10%
10%
11%
270 refs Legend
9%
10%
11%
12%
12%
Every milestone number has digits that add up to 9 — 45, 63, 90, 108, 135, 162, 189, 243, 270. It's intentional.
Premium continuous bonus — added on top of your base %. Hard cap: 12% total.
If you've been on Premium specifically for this many years, add this bonus to your base %. This is separate from the base grid, where any tier's time counts.
Years on Premium specifically
Bonus
In practice
3 years on Premium
+2%
45 refs, 3yr Premium: 1% base + 2% = 3% vs 1% on mixed tiers. 3× more from day one of eligibility.
6 years on Premium
+3%
90 refs, 6yr Premium: 4% base + 3% = 7% vs 4% mixed. ~$45/mo vs ~$26/mo at Investor tier.
9 years on Premium
+4%
135 refs, 9yr Premium: 7% base + 4% = 11% vs 7% mixed. ~$270/mo vs ~$172/mo at Investor tier.
12+ years on Premium
+5%
Maximum loyalty bonus. At Prestige or Legend tier you're at or near the 12% cap regardless of year column.
Three examples — same milestones, different paths
Path A — Started on Basic
3yr Basic + 2yr Investor + now Premium
Total years: 5 · Premium years: 0
Active refs: 90 (Contributor)
Base (90 refs, 6yr col): 4%
Premium bonus: +0% (0yr Premium) Total: 4% → ~$66/mo
Path B — Premium from day one
5yr on Premium continuously
Total years: 5 · Premium years: 5
Active refs: 90 (Contributor)
Base (90 refs, 6yr col): 4%
Premium bonus (3yr+): +2% Total: 6% → ~$98/mo
Path C — Legend · 12yr Premium
12yr on Premium continuously
Active refs: 270 (Legend)
Base (270 refs, 12yr col): 12%
Premium bonus: already at cap Total: 12% → ~$588/mo ~$1,154/mo if refs are Premium tier
Key rule: Time on Basic or Investor counts toward the base grid years. Only years actually on Premium count toward the Premium bonus. It's always more rewarding to be on Premium — at every milestone and every year.
Loyalty bonus — subscription discount
The longer you stay, the less you pay.
Separate from referrals — this bonus applies to your own subscription just for staying subscribed. It stacks on top of your referral discount. Combined cap: 25% total.
After 1 year
+2%
Auto-applied
After 2 years
+4%
Auto-applied
After 3 years
+6%
Auto-applied
After 5 years
+10%
Auto-applied
Basic · 5yr · 9 refs
Anniversary bonus: 1 month free/yr
$9.99 → $9.09/mo next month (9% temporary)
Best path: upgrade to Premium for permanent savings
Investor · 3yr · 9 refs
Anniversary bonus: 2 months free/yr
$18.99 → $15.57/mo next 2 months (18% temporary)
Best path: upgrade to Premium for permanent savings
Every year in late November or early December, Premium subscribers who have been with Dragonfly for at least 3 years receive a holiday bonus — automatically. No code, no request, no conditions. It's there because they earned it.
Premium 3yr+ · Revenue share active
2× December
Your December revenue share payment is doubled. Normally receive $220 that month? You get $440. Automatic — no action needed. The bigger your network, the bigger the bonus.
Premium 3yr+ · Before revenue share
1 month free
If you haven't hit the revenue share milestone yet, you still get a free month every December. Worth $36.99 — and it stacks on top of any referral discounts you've already earned.
Why Premium, why 3 years? Because that's the subscriber who has been here through market cycles, through flat stretches, through all of it — and stuck around. The holiday bonus is a way of saying that's noticed. It's not a promotion. It's a thank you that shows up in your account every December.
1-year anniversary
One year in — a small thank you, automatically.
When you hit your one-year mark with Dragonfly, you receive a bonus on your anniversary month. No code, no request — it applies automatically. The reward scales with your tier.
Basic
1 month free
Worth $9.99. Applied to your next billing cycle.
Investor
2 months free
Worth $37.98. Applied across your next two billing cycles.
Premium
3 months free
Worth $110.97. Three months credited automatically.
This stacks on top of any referral rewards or loyalty discounts you've already earned. You don't need to do anything — Dragonfly tracks your start date and applies it automatically on your anniversary month each year you stay active.
Monthly updates
You'll always know exactly where you stand.
Once a month, alongside the regular research email, every subscriber with at least one referral receives a personal progress update. No logging in, no dashboard to check — it comes to you.
Sample — Monthly referral update
Active referrals: 7 of 9 needed for your next free month Current discount: 9% off next month (9 refs) Next milestone: 27 refs → 15% off forever — 18 more (Premium only) Revenue share: Not yet active (need 45 refs + Premium + 3yr) Years subscribed: 1.4 years Your referral link:dragonflydata.com/?ref=XXXX
The update shows your current tier, active count, distance to the next milestone, and your referral link — always prominent. If you're receiving revenue share, it shows your estimated payout for the month.
Questions
Plain answers.
Where do I find my referral link?
It's in every email from Dragonfly — look for the green banner near the top. It's your personal link, always active, always the same. No login required.
What does the person I refer get?
They subscribe at the standard price for whichever tier they choose. The referral rewards go to you. Nothing extra required from them — the link handles it automatically.
What counts as an "active" referral?
Someone you referred who currently has a paid, active subscription. If they cancel, they no longer count toward your referral total and your revenue share percentage adjusts. If they re-subscribe later, they count again.
Does time on Basic or Investor count toward the revenue share years requirement?
Yes — for the base grid, all years on any tier count. Only years specifically on Premium count toward the Premium continuous bonus. So upgrading to Premium later doesn't reset your clock — you just don't get the Premium bonus for years spent on lower tiers.
What happens if my subscription lapses?
Rewards pause while inactive. Your referral count, milestone progress, and year count all resume exactly where they left off when you re-subscribe. Nothing is lost — it just pauses.
When is revenue share paid?
Calculated at the end of each month, paid the following month. Based on net subscription revenue (after payment processing fees) from your active referred subscribers.
Is there a cap on referrals?
No cap on how many people you can refer. 12% is the maximum revenue share percentage, reached at Legend tier (270 refs) combined with 12+ years subscribed and Premium continuous status. There's no ceiling on how much that 12% can generate as your network grows.
Why do all the revenue share milestones add up to 9?
45, 63, 90, 108, 135, 162, 189, 243, 270 — every one of them. It's tied to the 3/6/9 principle that runs through how Dragonfly is built. It's not an accident.