Core Foundation Launches Rev+ Incentive System Boosting DeFi Revenue by 33%

The Core Foundation has launched Rev+, a pioneering protocol-level incentive system designed to enhance the alignment of Web3 incentives. This new system aims to transform the circulation of tokens into sustainable rewards, marking a significant shift in on-chain economics. Rev+ is set to offer monetary incentives to developers, stablecoin issuers, decentralized autonomous organizations (DAOs), and decentralized finance (DeFi) protocols based on transaction volume, eliminating the need for additional token emissions.

Hong Sun, the Institutional Lead at Core Foundation, highlighted the strategic importance of Rev+. He noted that stablecoins now account for over one-third of DeFi revenue, yet issuers do not earn revenue from transaction activity. Rev+ aims to change this by aligning incentives so that projects powering Web3 are financially rewarded when their tokens are active. This approach is expected to increase stability and motivation within the ecosystem, attracting significant interest from stablecoin holders and DeFi projects.

The immediate impact of Rev+ on the cryptocurrency market is anticipated to enhance liquidity in the Core blockchain. The engagement with stablecoin partners adds an appealing layer to Rev+’s operational model, potentially redefining revenue structures for blockchain participants. By directly tying income to network activity, Rev+ may influence participating projects financially, advancing both their individual growth and overarching blockchain strategies.

Rev+ is the first of its kind, directly rewarding developers who contribute to activity on the Core platform. This move is significant because, until now, developers and stablecoin issuers have not received much of the rewards generated by their activities. By launching Rev+, the Core Foundation seeks to change this dynamic, making the ecosystem more sustainable and attractive to contributors. The program is particularly focused on stablecoins, which account for a substantial portion of the annual volume across all blockchains. Stablecoins generate a significant amount of DeFi fees, and with Rev+, the Core Foundation aims to ensure that issuers earn revenue from transaction activity. This alignment of incentives is expected to attract more stablecoins to the Core ecosystem, thereby boosting on-chain activity and contributing to overall ecosystem growth.

Hong Sun emphasized that Rev+ is designed to reward the very activity that powers the ecosystem. More volume means more rewards for issuers and builders alike, creating a system where on-chain assets can monetize usage in a manner similar to web companies. This approach eliminates the need for protocols to issue their own tokens to monetize their activity, as they will now receive a portion of the fees from all transactions they facilitate. The introduction of Rev+ marks a significant step forward in the decentralized finance space. By providing a sustainable revenue model for developers and stablecoin issuers, the Core Foundation is fostering an environment where innovation and contribution are rewarded. This move is expected to attract more participants to the Core ecosystem, driving further growth and development in the DeFi sector.