EIP-6968, Ethereum developers aim to reward dApp fees

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EIP-6968, Ethereum developers aim to reward dApp fees

EIP-6968 would make it possible for DApps to earn a share of transaction fees generated by their users.

The developers of Ethereum are aiming for a new update that would let popular dApps earn a share of the transaction fees they generate on layer 2.

The EIP-6968 proposes a new token that provides '' contract secured revenue '', allowing developers to claim a percentage of the transaction fees generated by users interacting with their smart contracts.

New revenues may fund dApp development, public goods, or enable incentives for developers to join a network.

While Owocki first proposed EIP-6968 in May, the proposal has received renewed attention following a presentation by Owocki at the EthCC conference in Paris.

EIP-6968 aims to shake up the fiercely competitive Ethereum scaling industry, with CSR offering a new type of incentives for developers.

While layer 2 rollups are currently the leading scaling solution, top L2 teams like Arbitrum, Polygon, and zkSync are already investing resources into building infrastructure for layer 3 networks.

L3s typically consist of app-chains hosted by a single dedicated decentralized application. Owocki described EIP-6968 as enabling 'ecosystem-chains', described as a step forward from app-chains.

The upgrade is a modified version of EIP-1559, which went live in August 2021 and introduced Ethereum's burn mechanism. The authors note that EIP-6968 could be used by any network using EIP-1559.

In his blog, Owocki said, I'm excited to see what kind of traction this creates within the L2 ecosystem and envision a virtuous flywheel where we see smart contract developers receive revenue for the value they bring to L2s.