diff --git a/apps/trading/client-pages/referrals/apply-code-form.tsx b/apps/trading/client-pages/referrals/apply-code-form.tsx
index 34d6acfcd..14460abc5 100644
--- a/apps/trading/client-pages/referrals/apply-code-form.tsx
+++ b/apps/trading/client-pages/referrals/apply-code-form.tsx
@@ -91,8 +91,10 @@ export const ApplyCodeForm = ({ onSuccess }: { onSuccess?: () => void }) => {
   const validateFundsAvailable = useCallback(() => {
     if (requiredFunds && !isEligible) {
       const err = t(
-        'Require minimum of {{requiredFunds}} to join a referral set to protect the network from spam.',
-        { replace: { requiredFunds } }
+        'To protect the network from spam, you must have at least {{requiredFunds}} qUSD of any asset on the network to proceed.',
+        {
+          requiredFunds,
+        }
       );
       return err;
     }
diff --git a/libs/i18n/src/locales/en/trading.json b/libs/i18n/src/locales/en/trading.json
index 3cb2a8979..8ebae29a2 100644
--- a/libs/i18n/src/locales/en/trading.json
+++ b/libs/i18n/src/locales/en/trading.json
@@ -279,6 +279,7 @@
   "This timestamp is user curated metadata and does not drive any on-chain functionality.": "This timestamp is user curated metadata and does not drive any on-chain functionality.",
   "Tier": "Tier",
   "to": "to",
+  "To protect the network from spam, you must have at least {{requiredFunds}} qUSD of any asset on the network to proceed.": "To protect the network from spam, you must have at least {{requiredFunds}} qUSD of any asset on the network to proceed.",
   "Toast location": "Toast location",
   "Total discount": "Total discount",
   "Total distributed": "Total distributed",