Impact Staking Crypto Analytics & User Data

Yes Impact Staking is supported on Ethereum.

Impact Staking token is supported by following blockchains: Ethereum

Impact Staking is TLDR Launchnodes has pioneered Impact Staking of ETH through several initiatives, since launch in 2020. Impact Staking is the process of using staking returns to fund projects that address climate, infrastructure and inequality issues across communities globally. Impact Stakers pledge a proportion of the rewards that they would typically receive from staking, while receiving their initial staked capital (ETH) back at an agreed time. Projects which receive funding from Impact Staking are required to provide agreed, clear data and metrics which demonstrate the efficacy of the funding that their project has received. In this way, Impact Stakers can closely monitor the impact their commitment has made, with the most impactful projects expected to receive ongoing funding, and ineffective projects identified and remedied quickly. This grant proposal is to enable Lido stakers to pledge some or all of their staking rewards to projects that require ongoing funding. Projects are expected to include initiatives from UNICEF, GiveDirectly, Save The Children and other leading global organisations. It is anticipated that individuals and entities such as foundations and family offices will consider Impact Staking through Lido in the future. All aspects of the web3 infrastructure and implementation for Impact Staking with Lido are intended to be fully transparent and visible in public repos and on the Ethereum blockchain. Background Launchnodes committed staking returns from one of its first Ethereum 2.0 validator nodes to fund vital IT equipment for Save The Children in September 2021: https://www.bloomberg.com/press-releases/2021-09-30/ethereum-staking-makes-its-first-social-impact-with-launchnodes-and-save-the-children Subsequently, Launchnodes has worked with governments, UNICEF Giga, the Ethereum Foundation and other global organisations to demonstrate how ETH staking rewards can be used to fund powerful global initiatives such as enabling internet connectivity for schools: https://www.youtube.com/watch?v=upxAMWiTnSk There is a widely held belief by the general public that blockchain technologies and cryptocurrencies are a speculative gamble with no societal benefits. There is also a malaise within web3 and blockchain communities that the focus for builders in this space is heavily skewed towards financial gain at all costs. Impact Staking demonstrates that these perceptions are not indicative of the web3 community overall – and that Ethereum, blockchain and staking can be a serious tool to address the world’s most pressing problems. Invitation to Lido and our Industry At Devcon Bogota in October 2022, and on multiple other occasions, Launchnodes has invited other staking organisations, developers, researchers, thinkers and builders to participate in Impact Staking. While we have been a catalyst, this initiative requires support from a far broader community to scale to levels where significant global impact can be realised. We have approached several ETH Staking as a Service providers and projects, and would be immensely grateful for Lido’s involvement as the world’s largest liquid staking provider. Scope of Work Launchnodes is seeking grant funding for its project: Impact Staking with Lido. Prior to further planning, design and implementation for this project, Launchnodes will engage with an international tax specialist, for advice and guidance on how Impact Staking can operate in the most tax efficient way possible for Impact Stakers and projects, while remaining fully compliant with tax authorities. There are 3 core aspects to this project, with this grant application intended to primarily fund the first component (Lido Impact Staking Smart Contract). This grant will fund all 3 components of this project, with the final end-to-end security and smart contract review to be funded by Launchnodes or ecosystem partners that have already expressed strong interest in supporting this project. Lido Impact Staking Smart Contract This is the core smart contract used to stake ETH via Lido for Impact Staking, and apportion a % of a user’s rewards to projects for a period of time. The contract will accrue all the rewards and only allow the Impact Staker to access a percentage of the staking returns, the remaining staking returns will be sent to the organisation that the user has chosen. In keeping with enabling stakers to always be able to access their Ether, the initial ETH that customers have staked will always be liquid and available for the customer to use in Defi, to hold, or to withdraw for other purposes. This is enabled by the following mechanism: The smart contract mints or acquires stETH when a staker pledges a certain amount of Ether. This stETH is pledged for a period of time (eg.12 months), with a designated proportion of rewards provided to the cause (impact project). Early exiting of this agreement by the staker is possible, however will result in a portion of the original staked ETH being sacrificed, with the remainder being returned to the liquid staker. This is equivalent to an Impact Staker of say, 10 ETH having eg. 0.1 ETH apportioned directly to the impact project at the start of the staking process, with the remainder returned in full when the user wishes to stop staking. This mechanism is in place to avoid the situation where a long-running project (eg. delivering a medicine programme) is terminated early because initially pledged funds disappear part-way through. The ‘sacrificed’ ETH amounts will be calculated to be a reasonable forecast of the total value to the impact project had the staking not been interrupted. This is challenging given that future staking yields are uncertain, therefore a simple mechanism such as an average of historic yields may be used. Stakers will be made aware of this amount before they commit to Impact Staking with Lido. With this information, stakers will be able to choose the duration of the projects that they wish to support. We welcome any and all suggestions on how best to structure the smart contract and logic to enable the highest levels of Impact Staking and satisfaction for stakers and impact projects. Impact Staking - User Interface to Pledge Returns This web3 interface will allow users to select the project(s) they wish to support, the time period, and % of rewards they wish to pledge. Impact Staking - Project Interface and Metrics This web3 interface enables projects to list their projects, and to provide key operational and performance metrics on an ongoing basis – enabling Impact Stakers to determine how effective the projects are, compared to their intended goals and outcomes. Metrics will be project dependent, examples would be ‘number of trees planted’, ‘number of children connected to the internet’ etc. The requested grant funding is planned to enable a ready-to-launch smart contract and platform, with additional funding required for scaling, and final security and smart contract audits. Funding for this final component is expected from Launchnodes’ ecosystem partners that have already shown strong interest in bringing Impact Staking on Lido to life. The ultimate goal is for Impact Staking to span multiple blockchains, protocols and entities.. Impact Staking's native token is Impact Staking. Impact Staking token is supported by following blockchains: Ethereum.