Core’s Rev+ Disrupts DeFi: Now Auto-Rewarding Developers for Protocol Contributions

DeFi's pay-to-play era just got a major upgrade—Core's Rev+ flips the script by automatically compensating developers for protocol contributions. No more begging for grants or hoping VCs notice your work.

How it works: Smart contracts now track code impact in real-time, distributing rewards proportional to protocol revenue generated. Finally—a meritocracy that doesn't involve sucking up to crypto influencers.

The catch? Like all 'automatic' systems in crypto, we'll see how long before human greed finds the loopholes. But for now, it's the closest thing to fair compensation this industry's produced—which isn't saying much given Wall Street's '2-and-20' fee structure looks generous by comparison.

Stablecoins are a key focus in Core’s Rev+ launch

This especially applies to stablecoins, Core’s institutional lead, Hong Sun, stated. Notably, stablecoins account for over $35 trillion in annual volume across all blockchains. This activity helps generate 30.8% of all DeFi fees, up from just 4.7% earlier in the year.

“Stablecoins now account for over one-third of DeFi revenue,” said Sun. “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.”

At the same time, most of the fees that stablecoins enable don’t go to the issuers. With the new rewards system, the protocol hopes to attract more stablecoins into its ecosystem. In turn, this could contribute significantly to on-chain activity, boosting ecosystem growth.