Core DAO just released Rev+, an experimental revenue-sharing model. This recent initiative is intended to provide new incentives for developers, stablecoin issuers, and DAOs. This effort aims to establish Core DAO as the default home for Bitcoin builders. Additionally, it aims to incubate the most beneficial stablecoin projects, fostering stable and innovative projects to further expand the decentralized finance (DeFi) ecosystem.
With the Rev+ model, Core DAO will redistribute gas fees to major contributors of this ecosystem such as builders on Bitcoin and stablecoin projects. This method further emphasizes Core DAO’s dedication to fostering a culture of innovation and participation within its ecosystem. By adopting this protocol upgrade, all participants stand to gain—from developers, to stablecoin issuers, to DAOs.
Today, stablecoins make up more than a third of DeFi revenue, a significant illustration of their pivotal role within the DeFi ecosystem. Stablecoin issuers that plug into Core DAO protocols will be uniquely positioned to take advantage of Rev+. Rev+ is expected to make the platform more attractive to developers. Besides deepening the talent pool, this change would make the Core DAO ecosystem an appealing destination for projects.
The Rev+ initiative is specifically aimed at influencing the most powerful actors in the DeFi world, developers of new protocols, stablecoin issuers, and DAOs. By distributing revenue with these communities, Core DAO hopes to incentivize innovation and develop a robust ecosystem. Core DAO is positioning itself with a strong offensive strategy for leadership in the burgeoning DeFi sector. This clever, original approach illustrates their creativity in spurring participation and growth.
