Core Foundation has announced the launch of Rev+, a protocol-level revenue-sharing model aimed at rewarding developers and projects in the DeFi ecosystem.
Introduction to Rev+
On June 15, Core Foundation announced Rev+, a revenue-sharing model intended to support developers and projects within its ecosystem. This initiative aims to provide a more equitable distribution of rewards for DeFi developers, NFT projects, and DAOs participating in transactions.
Rewards for Developers and Institutions
Under the new model, developers working within the Core ecosystem will automatically earn a portion of gas fees, with such rewards distributed among participants facilitating transactions. "Rev+ is designed to reward the activity that powers our ecosystem," said Hong Sun from Core Foundation.
Focus on Stablecoins
Stablecoins are a key focus in the launch of Rev+. Hong Sun emphasized that stablecoins account for over $35 trillion in annual volume across all blockchains. "Stablecoins now account for over one-third of DeFi revenue," he added, noting that the new reward system will help address the issue where issuers do not earn revenue from transaction activity.
The launch of the Rev+ model by Core Foundation is expected to represent a significant step towards more equitable rewards for developers and institutional clients, potentially fostering growth in on-chain activity.
