Thread by @ThyBorg_

If #Juno becomes the new home of the #Terra dApps, it's likely that some Terra's validators will look to join the active set & #LUNAtics will need to figure out where to delegate ; so I thought it'd be interesting to look at the revenue of the validators on #Juno 🧵

(If you're not sure why Juno is a compelling host candidate for the Terra projects, this thread on CosmWasm might be interesting)

https://twitter.com/ThyBorg_/status/1521806856485621761

The average validator revenue on Juno is around $33,000 per month (mid-May 2022, Bitcoin around $30,000).

It was around $48,000 in early May with Bitcoin at $38,000, and $200,000 at Juno all-time (early March)

Note that these averages don't tell the whole story as the variance is very significant. In order to provide a more nuanced view, I've listed some specific examples below based on the number of $JUNO delegated & the commission.

Cosmostation is ranked n°1 on Juno with about 2,777,000 $JUNO delegated. The APR is at 109% and their commission at 5% so the yearly validator income is 151,400 $JUNO which is equivalent to $99,600 per month today (and $573,900 per month at all-time high)

Chill Validation is ranked n°97 on Juno with about 51,000 $JUNO delegated. The APR is at 109% and their commission at 5% so the yearly validator income is 2,800 $JUNO which is equivalent to $1,800 per month today (and $10,500 per month at all-time high)

StakeWithUs is ranked n°132 on Juno with about 7,000 $JUNO delegated. The APR is at 109% and their commission at 5% so the yearly validator income is 400 $JUNO which is equivalent to $200 per month today (and $1,500 per month at all-time high)

For reference, the average #Cosmos Hub validator revenue was around $45,000 per month when Bitcoin was close to $40,000 beginning of May. Now that Bitcoin is in the low 30s, that average is standing around $26,000 on the Hub.

https://twitter.com/ThyBorg_/status/1521146907791265792

The Juno & Cosmos Hub numbers show the importance of re-delegating from the top validators to the smaller ones. That's the purpose of the "Thyborg Validator Ranking" which currently lists @imperator_co & @crypto_crew with @lavender_five coming next

https://twitter.com/ThyBorg_/status/1525464336147226624

@imperator_co @crypto_crew @lavender_five As I interview the most active Cosmos validators I'm getting a good idea of the costs involved, which I'll break-down in a subsequent thread. I will also crunch the numbers for the other smart-contract enabled Cosmos chains #Osmosis & #SecretNetwork

@imperator_co @crypto_crew @lavender_five Not only that but I'm planning to cover the entire #Cosmos ecosystem extensively through educative & digestible threads on governance proposals, airdrops, tokens, teams & projects, so you may also consider giving me a follow @ThyBorg_ ✌️