Core introduces the first revenue sharing model for stablecoin issuers and developers.

Core Foundation, the organization behind the Core blockchain, has just launched a new revenue-sharing mechanism called Rev+ for the Web3 sector. Rev+ is said to be the first program to directly reward developers, stablecoin issuers, and DAOs based on the user value they create. Upon launch, it will allow projects to earn revenue from the gas fees generated by users, providing a sustainable income source for developers.

Hong Sun, the head of the Core Fund, stated that stablecoins currently account for more than one third of DeFi revenue, but issuers do not earn from trading activities. Rev+ will adjust the incentives so that projects are compensated when their tokens move. This program promises to grow alongside the Core network, creating a sustainable monetization model for the cryptocurrency industry.