Core's Rev+ Shakes Up the Game: Developers Now Get a Slice of the Pie

Hold onto your hats, crypto fans! Core is flipping the script by automatically rewarding the devs who keep the platform buzzing, from stablecoins to DeFi projects. It's like a thank-you party, and everyone's invited!

DeFi projects and developers are the lifeblood of any ecosystem, but they've been left out in the cold when it comes to the rewards. That's why, on Tuesday, June 15, Core Foundation dropped a bombshell with the launch of Rev+, a protocol-level revenue-sharing model that's set to change the game.

Listen up, devs working on the Core (CORE) ecosystem! This EVM-compatible Bitcoin (BTC) staking protocol is now sharing the love by automatically giving you a cut of the gas fees. Whether you're issuing stablecoins, dropping NFTs, building DeFi apps, or running DAOs, you'll get a piece of the action for every transaction you help make happen.

Hong Sun from Core Foundation is all in on this, saying, "Rev+ is designed to reward the very activity that powers our ecosystem. More volume means more rewards—for issuers and builders alike. It's the first time on-chain assets can monetize usage the same way web companies do." It's like a whole new world of possibilities!

Core Foundation isn't messing around with this move. They're all about spreading the wealth more evenly. The rewards are going straight to the protocols that make the transactions happen, so they won't have to resort to issuing their own tokens to make a buck.

Stablecoins Take Center Stage in Core's Rev+ Launch

Hong Sun, Core's institutional lead, is putting stablecoins in the spotlight. These bad boys are handling over $35 trillion in annual volume across all blockchains, and they're responsible for a whopping 30.8% of all DeFi fees, up from just 4.7% earlier in the year. That's some serious firepower!

"Stablecoins now account for over one-third of DeFi revenue," Sun said. "Yet issuers do not earn revenue from transaction activity. Rev+ will change that by aligning incentives so that the projects powering Web3 actually get paid when their tokens move." It's time for the stablecoin issuers to cash in on their hard work!

Here's the kicker: most of the fees that stablecoins generate don't even go to the issuers. But with Core's new rewards system, they're hoping to lure more stablecoins into their ecosystem. This could be a game-changer for on-chain activity, giving the whole ecosystem a major boost. Get ready for some serious growth!