Transforming Stablecoin Issuers' Revenue Streams
The Core Foundation has introduced a groundbreaking initiative known as Rev+. This innovative protocol-level revenue-sharing program is specifically designed to incentivize developers and stablecoin issuers through on-chain activity.
A Shift in Blockchain Dynamics
In the rapidly evolving decentralized finance (DeFi) sector, stablecoins now represent nearly a third of all transaction fees. The launch of Rev+ presents an opportunity for asset creators to earn continuous revenue, signaling a notable evolution in blockchain incentives.
Rev+ Operates on Dual Mechanisms
The Rev+ framework operates through two essential mechanisms: direct fee sharing and a cumulative revenue-sharing pool. This dual approach allows for a more comprehensive method of rewarding stablecoin issuers.
Direct Fee Sharing Benefits
Every smart contract interaction, including activities such as swaps, collateral adjustments, or vault usage, generates gas fees. These fees are shared with the corresponding token developers and issuers, ensuring they benefit directly from their contributions.
The Cumulative Revenue Pool Explained
Alongside fee sharing, Rev+ incorporates a pool that allocates CORE token rewards based on each project's contribution score. This score takes into account various performance metrics, including transaction volume and the growth of active addresses.
Addressing Inherent Incentive Issues
This revolutionary model of revenue sharing aims to resolve the "broken incentive structure" that has been prevalent in the cryptocurrency space. With on-chain stablecoin transactions exceeding $35 trillion annually, significantly higher than Visa's transaction volume, the revenue earned by network builders has not reflected this scale.
A Broader Approach to Monetization
Unlike traditional monetization methods focused on specific applications, Rev+ introduces an asset-level approach. This means that any token operating on the Core blockchain, including stablecoins, real-world assets (RWAs), non-fungible tokens (NFTs), or DeFi protocols, can qualify for revenue sharing.
Long-Term Ecosystem Alignment
Rev+ is structured to encourage sustained cooperation among participants within the ecosystem while promoting the growth of the network.
Revolutionizing Core's Position in the Market
With the introduction of Rev+, the Core Foundation sets itself up as a leading scaling solution for Bitcoin, featuring a combination of non-custodial BTC staking, Ethereum Virtual Machine (EVM) compatibility, and now, integrated monetization.
Future Developments and Partnerships
In the upcoming weeks, the Foundation plans to onboard significant stablecoin partners to implement this new revenue-sharing initiative actively, enhancing the model's real-world application.
Frequently Asked Questions
What is Rev+?
Rev+ is a revenue-sharing program introduced by the Core Foundation aimed at compensating developers and stablecoin issuers based on on-chain activities.
How does Rev+ benefit stablecoin issuers?
It enables stablecoin issuers to earn revenue from gas fees incurred during smart contract interactions, thus providing a direct source of income.
What metrics influence the cumulative revenue pool?
Metrics such as transaction volume and the growth of active addresses contribute to each project's contribution score, which affects their allocation of CORE token rewards.
What problems does Rev+ aim to solve?
Rev+ seeks to address the existing incentive issues in the crypto space, ensuring that those developing the infrastructure receive fair compensation for their work.
Which tokens are eligible for Rev+?
Any token with a smart contract on the Core blockchain is eligible, including stablecoins, RWAs, NFTs, and DeFi protocols.
