Core Foundation Launches Rev+ Program to Transform Web3 Revenue Sharing

Rev+ introduces a protocol-level revenue-sharing model to ensure developers and stablecoin issuers earn from on-chain activity, enhancing ecosystem growth.

CORE

Summary

The Core Foundation announced the launch of Rev+, a protocol-level revenue-sharing model aimed at rewarding developers and stablecoin issuers in its ecosystem. Under this program, developers will earn a portion of gas fees generated from transactions, promoting sustainable income streams. The initiative addresses the lack of revenue for stablecoin issuers, who currently do not benefit from transaction activities, despite stablecoins accounting for a significant portion of DeFi revenue. This move is expected to attract more stablecoins to the Core ecosystem, boosting overall on-chain activity and growth.

Terms & Concepts
  • Rev+: A revenue-sharing program launched by the Core Foundation to reward developers and stablecoin issuers based on user-generated value.
  • EVM-compatible: Refers to a blockchain that is compatible with the Ethereum Virtual Machine, allowing for the execution of Ethereum-based smart contracts.
  • DeFi: Decentralized Finance, a sector within the blockchain ecosystem that aims to recreate traditional financial systems using decentralized technologies.