Validator Income and Expenditure Report: Q1 2023 – Angel Giving

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Overview:

Angel Giving democratizes access to digital endowments for nonprofits. A large part of our vibrant, transparent charity marketplace is connecting capital flows to these changemakers in enduring and creative ways. Validator income and rewards are a cornerstone of this strategy. Operating a host of cross-chain validators, Angel Giving Validators support the decentralization of the underlying blockchain ecosystem, but also:

  • Embed an element of social good at the foundational layer of a blockchain
  • Provide a no-cost option for blockchain ecosystems to participate in social impact
  • Engage individuals who can donate recurring yield without giving up exposure to their underlying asset
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Figures:

We currently have validators on Terra, Kujira, and Juno networks.

Rewards are harvested monthly to provide the validator income, with 

  • $43,082 in rewards generated in Q1 2023,
  • A total of $173,987 from May 2022 through March 2023.

Direct Charity Distribution: funds are directly sent to existing charity endowments on our marketplace, visible on our dashboard.

Angel Protocol Endowment: funds will be earmarked to seed $100 for newly on-boarded non-profit endowment accounts, visible on our AP Endowment Page.

AP Runway: funds will be used to support the ongoing operations of Angel Protocol until we’re able to raise additional capital to secure our runway, at which point all validator revenue will go 100% to charity.

Our Impact:


See how validator funds have been put to use to restore livelihoods in the wake of Super Typhoon Rai across the Philippines. Our $500,000 donation in partnership with Yellow Boat of Hope is a three year investment in sustainably rebuilding and has impacted over 8,000 families. Read the full impact report.

How to Help:

We believe blockchains can embed social impact on a foundational block by block level. Our 100% commission validators and Locked For Good program provide the infrastructure to transparently manage and generate revenue for donations in novel ways. We do this in a low risk environment without comprising the overall value of the underlying ecosystem token, provide an on-chain transaction receipt, and connect you to a world of nonprofits who can deliver on their mission of doing good. If your community or validator is interested in embedding social impact in your operations, please reach out at hi@angelprotocol.io.

Reference – what is a validator?

Validators secure the blockchain network, by running a full node and participating in consensus. This is done by broadcasting votes containing cryptographic signatures signed by their respective private key. Validators commit new blocks in the blockchain and receive revenue in exchange for their work.

Validators must also participate in governance by voting on proposals and are weighted according to their total stake. Most networks have an ‘active’ set of validators capped at a particular number (150 for Cosmos, 135 for Juno), based on respective delegation weight. The validator cannot participate in consensus or generate rewards until the stake is high enough to be in the top 150. Over time, the maximum number of validators may be increased via on-chain governance proposal (Cosmos Hub).