eip-6969
Loading...INTRODUCED BY KEVIN OWOCKI AND
ZAK COLE
EIP-6969 incentivizes continuous development and maintenance of decentralized infrastructure by rewarding smart contract deployers on L2 networks with revenue when their contracts are used.
First introduced by Kevin Owocki and Zak Cole and proposed in May 2023, the mechanism was inspired by the Contract-Secured Revenue (CSR) model used on the Canto blockchain.
EIP-6969 is ideal for Ethereum-based projects, DAOs, and Layer 2 protocols. By offering a transparent and continuous compensation model, it ensures developers are rewarded for their contributions to infrastructure, making it a valuable tool for incentivizing long-term development and maintenance.
EIP-6969 introduces a smart contract-based revenue-sharing mechanism, allowing developers to receive a portion of gas fees generated through interactions with their contracts. This approach directs resources toward infrastructure growth, compensating developers based on real usage rather than speculative funding models.
Upon deploying a smart contract, a developer’s address is linked to it. Each time a user interacts with the contract, a percentage of the gas fees is automatically allocated to the developer, proportional to the execution time spent within the contract. This system encourages ongoing infrastructure improvements while reducing administrative complexity. In more advanced constructions, the revenue rights can be tokenized and then traded or split between multiple developers.
EIP-6969 utilizes Ethereum’s blockchain to guarantee transparency in revenue distribution, ensuring developers are compensated based on actual contract usage
It offers a unified framework for rewarding developers across Layer 2 projects, promoting sustainable development practices.
Gas fee distribution is handled by smart contracts, streamlining payouts and minimizing administrative overhead, while ensuring developers are paid promptly.