How to Monetize Your Protocol: Boosting Revenue with Smart Contracts
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About this video
Discover how to generate revenue by integrating fees into your protocol's smart contract. Learn the potential pitfalls and gain insights from a Rust developer on how to modify and implement changes effectively. Unlock the true value of your protocol and maximize its impact. #ProtocolMonetization #SmartContractFees #RevenueGeneration #RustDevelopment #CodeModifications #ProtocolIntegration
Transcript
172 wordsCaptions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.
- 0:00
I think if um our protocol was our primary source of Revenue and we had like a fee um baked into the protocol that um you know like we were charging 2% fees or something and it was baked in the smart contract someone could just like take our open source smart contract deploy it and then change that fee to be zero for example and even in that situation like think about the amount of people that are going to be using this um if one out of every 20 Forks the
- 0:25
Keyon protocol makes changes as a rust developer understands like you know needs to dig into the code see where the fees are understand how to change it turn it off and like integrate it back into their own app um again I don't really care uh it's a lot people I think underestimate how much work that really is and how much you really have to execute on some of this stuff for it to
- 0:51
really be meaningful