New Announcement: Core Foundation Introduces Rev+ to Reward Token Activities
The Core Foundation, a pioneering force in the decentralised finance (DeFi) sector, has introduced a groundbreaking protocol called Rev+. This initiative aims to redistribute blockchain revenue directly to developers and stablecoin issuers, marking a significant shift in incentive structures within the DeFi ecosystem.
### How Rev+ Redistributes Revenue
Rev+ operates through two primary mechanisms: direct fee sharing and a cumulative revenue-sharing pool.
1. **Direct Fee Sharing:** Gas fees generated from smart contract interactions, such as token swaps, collateral moves, vault usage, and other DeFi activities, are shared with the developers or issuers behind the tokens involved in those transactions. This ensures that every time a stablecoin or token is used on-chain, its creators receive a portion of the fees linked to that activity.
2. **Cumulative Revenue-Sharing Pool:** There is a pooled reward system distributing additional CORE tokens. Rewards are allocated based on a project's contribution score, which factors in metrics like transaction volume and the growth of unique wallet addresses interacting with the token or protocol. This incentivises not only usage but also sustained ecosystem growth and adoption.
### Implications for DeFi
Rev+ addresses a long-standing issue in the DeFi sector, where stablecoin issuers and developers have not earned revenue proportionate to their tokens' transaction volumes. By linking revenue to usage and engagement metrics, Rev+ fosters long-term alignment between the Core network's growth and its participants, encouraging developers and issuers to improve their products and maintain stablecoins actively.
Moreover, Rev+ positions Core as a leading layer supporting DeFi and Bitcoin scaling, pushing forward the BTCfi (Bitcoin + DeFi) ecosystem. The platform's support for non-custodial Bitcoin staking, full EVM compatibility, and native revenue-sharing capabilities make it a multi-faceted platform capable of supporting sustainable developer growth while scaling Bitcoin's presence within decentralised finance.
In the weeks ahead, Core plans to onboard major stablecoin issuers and bring them into the Rev+ ecosystem, further encouraging innovation across diverse asset classes while deepening the connection between blockchain infrastructure and its contributors. Rev+'s asset-level revenue sharing contrasts with app-specific monetization models, signalling a shift toward more equitable and efficient ways to sustain open blockchain projects through on-chain usage rather than speculative token issuance.
In summary, Rev+ introduces a novel mechanism that directly rewards stablecoin issuers and developers based on real on-chain activity, thereby realigning economic incentives in DeFi and paving the way for more sustainable and scalable blockchain ecosystems, especially within the Core network’s Bitcoin-centered infrastructure.
- The initiative of The Core Foundation, Rev+, redistributes revenue from DeFi activities such as token swaps and vault usage directly to the developers and stablecoin issuers involved in those transactions, acknowledging their contribution to the DeFi sector.
- The Rev+ protocol's asset-level revenue sharing model signifies a shift in the DeFi sector towards equitable and efficient monetization, where revenue is linked to on-chain activity, encouraging sustainable growth for open blockchain projects in technology and business-driven ecosystems, like the one established by Core.
