diff --git a/src/core-kit/hooks/referral/use-referral-program.ts b/src/core-kit/hooks/referral/use-referral-program.ts
index b8f78089..2f6bc948 100644
--- a/src/core-kit/hooks/referral/use-referral-program.ts
+++ b/src/core-kit/hooks/referral/use-referral-program.ts
@@ -3,6 +3,7 @@ import { useEffect } from 'react'
 import { LOCAL_STORAGE_KEYS } from 'core-kit/const'
 import { useBrowserStorage } from 'core-kit/hooks/utils'
 import type { UseReferralProgramProps } from 'core-kit/types'
+import { isZeroAddress } from 'core-kit/utils'
 
 const REFERRAL_QUERY = 'ref'
 
@@ -26,18 +27,28 @@ export const useReferralProgram = ({
   const refQuery = query[REFERRAL_QUERY]
 
   useEffect(() => {
-    if (!refQuery || typeof refQuery !== 'string') return
+    if (
+      !refQuery ||
+      typeof refQuery !== 'string' ||
+      isZeroAddress(vaultAddress)
+    )
+      return
 
     if (localStorage.getItem(LOCAL_STORAGE_KEYS.REFERRER)) {
       return
     }
-    logEvent?.()
     setReferredBy(refQuery)
     setRefPool(vaultAddress)
+    logEvent?.()
   }, [vaultAddress, refQuery, setRefPool, setReferredBy, logEvent])
 
   useEffect(() => {
-    if (!userAddress || !referredBy || refPool !== vaultAddress) return
+    if (
+      !userAddress ||
+      !referredBy ||
+      refPool.toLowerCase() !== vaultAddress.toLowerCase()
+    )
+      return
 
     const tagInvestor = async () => {
       try {