Core Launches Rev+: An Innovative Revenue Sharing Mechanism that Converts On-Chain Behavior into Income

On July 15, the Core Foundation announced the launch of a protocol-level revenue-sharing mechanism called Rev+, which is the industry's first system that directly rewards developers, stablecoin issuers, and decentralized organizations. Rev+ aims to incentivize projects that create real value for users, allowing developers to earn sustainable income from the Gas fees generated by their applications without the need to issue tokens or design complex governance mechanisms to achieve profitability.

For a long time, the incentive structure of the blockchain ecosystem has had significant shortcomings. Although the on-chain transaction volume driven by stablecoins exceeds $35 trillion annually, more than double the amount processed by Visa, most of the revenue has not flowed to the real builders and issuers who support these transactions. Hong Sun, head of Core institutional business, pointed out that the launch of Rev+ will change the status quo where stablecoin issuers cannot derive earnings from transactions, allowing projects that drive the development of Web3 to receive the rewards they deserve when their tokens circulate on-chain.

Rev+ Operating Mechanism

On the Core chain, any transaction activities triggered by smart contracts, such as stablecoin exchanges, collateral-backed liquidity, or treasury operations, can generate income for the issuers. This income can be distributed directly during the transaction or allocated periodically through the protocol-level income pool. The income pool will be distributed based on the project's overall contribution to the Core chain, taking into account multiple dimensions including total transaction volume, number of new unique addresses, nominal transaction amounts, and cumulative Gas fees.

In addition, Rev+ has established a reward pool to give back to developers, integrators, and all contributors who drive ecological growth. The more active the network usage, the larger the reward pool, and the higher the earnings for builders.

The Important Significance of Rev+

The launch of Rev+ will focus on rewarding developers and promoters of stablecoin market activities. As stablecoins gradually become a dominant force in the crypto space, Rev+ will share Gas fee profits with token issuers and provide additional incentives to developers and application teams based on usage frequency and transaction volume. This mechanism applies to all assets on Core, including USD-pegged stablecoins, on-chain representations of real assets, NFT collections, and exclusive protocols. It transforms daily transactions into a sustainable source of income, providing sustainable business models for various projects.

Hong Sun emphasized that the design purpose of Rev+ is to reward actual behaviors that drive Core growth. The more transactions there are, the greater the incentives; this mechanism allows on-chain assets to achieve a monetization model similar to that of Web2 companies for the first time.

It is noteworthy that the share of stablecoins in all fees within DeFi has increased from 4.7% at the beginning of the year to about 30.8%, highlighting the important role of stablecoins in trading, lending, and yield generation.

Key Turning Points in Web3 Adoption

Core's Rev+ benefits a wider range compared to existing market models. As long as assets are utilized on Core, both token issuers and developers will benefit. Rev+ adopts an "asset-centric" mechanism, replacing the previous "application-centric" model of the Web3 market, creating a fair and sustainable incentive structure for all tokenized projects deployed on Core. This not only rewards dApp builders but also covers a broader range of Web3 contribution teams.

Through Rev+, Core has further solidified its position as a leader in Bitcoin scaling solutions, supporting self-custodial staking for Bitcoin, EVM compatibility, and true token monetization. As the issuance of stablecoins and DeFi activities continue to grow, Rev+ will ensure that projects can share in the growth benefits, thereby stimulating stronger network effects and long-term development.

In the coming weeks, Core will collaborate with several leading stablecoin projects to promote the practical implementation of this innovative asset monetization model.

About the Core Foundation

The Core Foundation is dedicated to promoting the development of the Core blockchain ecosystem by providing grants, investing in projects, and establishing partnerships to facilitate growth and innovation on the Core blockchain. Core is the first and only network to provide an end-to-end proof-of-stake mechanism for Bitcoin, supporting non-custodial Bitcoin staking and building an EVM-compatible BTCfi ecosystem.