Welcome to the New Beginning
When the grand experiment that is DeFi began, protocols found themselves with a fundamental problem: how to sustainably monetize without extracting value from users through predatory tokenomics or unsustainable emissions. We've seen protocols resort to governance tokens with infinite inflation, protocol-owned liquidity schemes that benefit insiders, and various other mechanisms that prioritize short-term speculation over long-term sustainability.
Until this point, most innovation in protocol revenue models has been highly fragmented and experimental - from buyback-and-burn mechanisms to protocol-owned liquidity, revenue-sharing tokens, and various hybrid approaches. Theoretically, however, each protocol's revenue stream represents real, measurable value that could be directly distributed on-chain in a transparent, trustless manner. The question was: how do we build this infrastructure in a way that is composable, immutable, and capital-efficient?
Revenue Bonds Protocol is a modular, trustless system for protocols to tokenize and distribute their revenue streams on-chain. Built on Arbitrum with a philosophy of simplicity, transparency, and immutability, our goal is to provide the missing infrastructure for on-chain revenue distribution - an ERC-20 standard for protocol revenue sharing, where any protocol can create a series, set terms (revenue share %, duration), and let the market discover the value. We ask for the community to join us as builders, researchers, and protocol developers to stress-test this new primitive.
The Protocol: How It Works
Revenue Bonds Protocol enables any DeFi protocol to:
1. Create a Revenue Series (ERC-20 token) with immutable parameters:
- Revenue Share % (e.g., 30% of protocol revenue)
- Duration (e.g., 12 months)
- Total Token Supply
2. Distribute tokens (via Uniswap, OTC, or any method)
3. Deposit revenue on-chain (in ETH) to token holders proportionally
4. Token holders claim their share anytime, or trade tokens on secondary markets
Key Features:
Fully on-chain and transparent
Immutable terms (no governance, no admin keys)
ERC-20 standard (composable with DeFi)
No oracles, no upgradability
Capital-efficient (protocols can raise capital OR distribute revenue)
Liquid secondary markets (Uniswap integration)
Welcome to the Revenue Bonds Ecosystem!
- Website:
https://equorumprotocol.org- Educational Resources:
https://equorumprotocol.org/investors.html- Whitepaper:
https://equorumprotocol.org/WHITEPAPER.pdf- GitHub:
https://github.com/EquorumProtocol/Equorum-Revenue-Bonds- Twitter/X:
https://x.com/Equorumprotocol- Factory Contract (Arbitrum One):
https://arbiscan.io/address/0x8afA0318363FfBc29Cc28B3C98d9139C08Af737b- Safe Treasury:
https://arbiscan.io/address/0xBa69aEd75E8562f9D23064aEBb21683202c5279BCurrent Status
Factory deployed and verified
Zero fees (governance can enable later via Safe multisig)
Safety parameters: MAX 50% revenue share, MIN 30 days, MAX 5 years
Controlled by Safe multisig (transparent governance)
We are currently seeking:
Early adopter protocols willing to experiment with the first revenue series
Security researchers to review and stress-test the contracts
Developers interested in building on top of this primitive
Community feedback on use cases and potential improvements
Why Revenue Bonds?
Traditional DeFi has a structural problem:
1. Protocols struggle to monetize sustainably (token emissions aren't revenue)
2. There's no standard way to expose protocol revenue flows on-chain
Revenue Bonds address this by providing:
- A trustless primitive for protocols to distribute revenue transparently
- An ERC-20 standard that makes revenue streams composable
- Market-based pricing of protocol performance (no artificial valuations)
- Full compatibility with existing DeFi infrastructure
Use Cases
1. Capital Raising: Protocol distributes tokens upfront for development capital
2. Revenue Distribution: Protocol shares ongoing revenue with token holders
3. Hybrid Models: Combination of upfront distribution + ongoing payments
4. Secondary Markets: Token holders trade based on protocol performance expectations
Technical Details
- Network: Arbitrum One (ChainId: 42161)
- Language: Solidity 0.8.20
- Architecture: Factory patter
Thank you to those who read this far. And thank you again for the feedback.
- Leonardo Mondaine
