Refcodes

Only ITB referred more than $5M TVL via refcode, precisely 16076405 USD so they are entitled to 25% of DAO revenue earned from their referred TVL

Their referral reward is 16076405 * 0.006 * 25% = 24115 USD

Additional cases

Spool:

Their referral reward is 15333217 * 0.006 * 25% = 23000 USD. Methodology is the same as described above for ITB.