If we’re being real, today’s DeFi user experience is frequently an impenetrable walled garden. The institutions with the very deep pockets, those are the ones who are always getting the lionshare of the winnings. What of the solo coders, the small teams with big dreams and bigger ideas, but not the money to spend? They are often the ones left to flounder, their interests overwhelmed by the bellow of the orcas. It’s not just a theoretical problem, but an actual one that’s already stifling innovation both within the Bitcoin ecosystem and the stablecoin ecosystem. This is where Core DAO’s Rev+ can truly be a game-changer.
Is Bitcoin Building Fairly Rewarded?
Think about it. Been inspired by an amazing DeFi initiative. Or the company is usually supported by some large venture capital firm. That’s not bad in and of itself, but it does tip the playing field heavily towards the incumbents. The lone wolf developer, the passionate team working from their parents’ basement – they’re at a huge disadvantage. Or, they just may be sitting on the next killer app for Bitcoin, the innovative development that helps it realize its full potential. Yet they lack the financial runway to compete.
Rev+ seeks to remedy that gap head on. First, it distributes data availability gas fees accrued on the Core DAO platform with current Bitcoin builders and stablecoin projects. And it’s so simple… It’s a direct incentive, a reward for meaningful contribution. Picture this developer working on their new Bitcoin scaling solution. But under the current system, they would have a tough time monetizing it. With Rev+, they’re directly rewarded for all the increased activity their solution produces. This is a paradigm shift.
One of those values isn’t monetary, it’s validation. This issue isn’t all about dollars and cents. It’s about making sure these constructors understand that their efforts are appreciated, that their work makes a difference. It’s about fostering a more dynamic, inclusive innovation economy where the best ideas can thrive no matter where they come from or our entrepreneurs’ access to capital.
| Feature | Current DeFi Landscape | Rev+ Model |
|---|---|---|
| Funding Sources | Primarily VC, Institutional Investors | Gas Fee Sharing, Direct Contribution |
| Reward System | Often skewed towards large players | Directly proportional to contribution |
| Accessibility | Limited for independent developers | More accessible for all builders |
Rev+ is like a Kickstarter for Bitcoin builders, but one that rewards them continuously based on the value they bring to the ecosystem. Rather than asking for donations in advance, they receive a percentage of the future revenue their creations generate.
What If Bitcoin Had a Kickstarter?
This has profound implications. Lo and behold, all of a sudden developers are incentivized to create useful, innovative—and terrific, I’d hope—high-performing solutions. They aren’t simply in it for the short-term hype or pandering to their future VCs. More importantly, they’re building for the long term, developing sustainable, durable value for all Bitcoiners.
It's not just about Bitcoin. Core DAO’s emphasis on stablecoins is just as important. In the ever-volatile world of DeFi, stablecoins serve as transaction anchors while keeping the pace of high-frequency transactions afloat. By providing incentives for stablecoin issuers to connect with the Rev+ Core platform, Rev+ can tap into vastly larger pools of liquidity and efficiency. As Core Foundation’s Hong Sun likes to say, it’s not about the money, it’s about fair compensation. Equity is what we sorely need in the crypto world.
All of this adds up to a more equitable, enjoyable crypto experience for all users. Envision a world where spending Bitcoin is as smooth and easy as using your go-to mobile application. That's the potential that Rev+ unlocks.
Now, before anyone gets carried away, look, I’m not suggesting Rev+ is a silver bullet. There certainly will be challenges, and the implementation will indeed require some careful orchestration. The underlying idea – rewarding contributors according to their value – is a really good one. Whether that’s the case remains to be seen, but it’s an important step in the right direction towards a more equitable and decentralized DeFi ecosystem.
Building a Better, Fairer Future?
This isn't just about making developers richer, it's about building a better, fairer future for everyone. It’s about realizing the full promise of Bitcoin and stablecoins. Together, we uplift the unheard voices. So to all of these unsung heroes, keep pushing forward—you’re the ones who will help us build the next generation of decentralized finance. So, let’s cheer them on, let’s lift up their voices, and let’s build a different — more diverse, inclusive, equitable and innovative — ecosystem. That’s because Bitcoin’s success is predicated on the success of its builders. And Rev+ may be just the provocation they need to help them really flourish.
Here's where you come in. What can you do?
- Support projects that adopt the Rev+ model. Look for developers and DAOs that are embracing this new approach to revenue sharing.
- Advocate for more equitable distribution of resources within the blockchain community. Let your voice be heard. Demand transparency and fairness.
- Experiment with Core's native token (CORE). Understand how it benefits from transaction revenues and how it incentives developers.
This isn't just about making developers richer, it's about building a better, fairer future for everyone. It's about unlocking the full potential of Bitcoin and stablecoins. It's about empowering the forgotten voices, the unsung heroes who are working tirelessly to build the next generation of decentralized finance. Let's support them, let's amplify their voices, and let's create a truly inclusive and innovative ecosystem. Because the success of Bitcoin depends on the success of its builders. And Rev+ might just be the catalyst they need to truly thrive.
