Core Launches Rev+ Protocol for On-Chain Revenue Sharing

Core Foundation has officially launched Rev+, the first protocol-level on-chain revenue sharing mechanism. This innovative mechanism provides continuous incentives for developers, stablecoin issuers, and decentralized organizations, breaking away from the traditional Web3 model. Rev+ allows projects to earn stable income from on-chain transactions without issuing tokens and distributing gas fees based on contributions such as transaction volume and address activity.

Currently, stablecoins account for over one-third of DeFi revenue, with an annual transaction volume of over $35 trillion. However, little income is being returned to the builders. Hong Sun, head of the Core Foundation, stated that "Rev+ transforms on-chain circulation into sustainable rewards, injecting a new incentive mechanism into the Web3 ecosystem." With the launch of Rev+, Core has further solidified its leading position as a Bitcoin scaling solution, propelling the BTCfi ecosystem into a new phase.

Rev+ operates by rewarding users for their participation in various on-chain activities, such as staking, liquidity provision, and governance. By leveraging smart contracts, Rev+ ensures that users receive a share of the revenue generated from these activities, creating a direct link between user behavior and financial returns. This mechanism not only incentivizes users to engage more actively with the platform but also fosters a more sustainable and equitable ecosystem.

The launch of Rev+ is a testament to Core's commitment to innovation and its dedication to empowering users within the DeFi space. By providing a transparent and efficient revenue-sharing mechanism, Core aims to attract a broader user base and enhance the overall user experience. This move is expected to drive further adoption of DeFi technologies and contribute to the growth of the ecosystem.

The introduction of Rev+ also highlights the evolving nature of the DeFi landscape, where traditional financial models are being reimagined through blockchain technology. By converting on-chain behavior into income, Rev+ offers a unique value proposition that sets it apart from other DeFi platforms. This innovation is likely to inspire other projects to explore similar revenue-sharing mechanisms, further enriching the DeFi ecosystem.

In summary, Core's launch of Rev+ marks a significant milestone in the DeFi space, providing users with a new way to generate income through their on-chain activities. This innovative mechanism not only incentivizes user participation but also promotes a more sustainable and equitable ecosystem. As the DeFi landscape continues to evolve, initiatives like Rev+ are poised to play a crucial role in shaping the future of decentralized finance.