
Core's New Revenue-Sharing Model Explained
The Core Foundation has taken an innovative step by introducing the Rev+ program, which aims to revolutionize the way stablecoins are used in the decentralized finance (DeFi) space. This groundbreaking system not only rewards stablecoin issuers and developers but also allows them to earn based on the actual value they generate for users.
A Sustainable Future for Developers
For too long, developers in the cryptocurrency world have relied on launching new coins to fund their projects. With the rise of Core's Rev+, developers can now secure funding by generating revenue from user activity within their applications. As noted by Hong Sun, a key player at the Core Foundation, "stablecoins now account for over one-third of DeFi revenue," yet issuers haven't been able to capitalize on transaction activity. This new model changes the game, making it possible for projects to benefit directly from user engagement.
How Rev+ Works: An Innovative Approach
The Rev+ program leverages gas fees generated by transactions that occur on the Core blockchain. Every time a user interacts with smart contracts—whether it's swapping stablecoins or using collateral—revenue is created, providing a sustainable stream of funds for developers. The specifics involve a revenue-sharing pool distributed based on contributions to the network, which considers several factors: transaction counts, unique addresses, and total fees generated. Rich Rines, a significant contributor to Core DAO, explains, “While the pool may be modest at launch, Rev+ establishes a sustainable, usage-based monetization model designed to grow with Core’s network.”
The Bigger Picture: Transforming Web3
This new model could drastically shift the way projects approach fundraising and development in Web3. Instead of focusing solely on initial coin offerings (ICOs) or token launches, developers will prioritise building value-driven experiences for users. By rewarding genuine user interactions, Core's Rev+ paves the way for a healthier ecosystem that prioritizes user engagement over speculative financial gains.
Join the Movement
As we stand on the brink of this new era in blockchain technology, the Rev+ program opens the floodgates for innovative projects that prioritize user interaction and sustainable growth. Are you ready to explore how you can benefit from this new model?
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