Livepeer is an open video infrastructure, enabling developers to build video streaming applications. The network has been live on Ethereum’s mainnet since May 2018, and is run by a decentralized network of token holding node operators, and powers both traditional and web3 video streaming at reduced prices relative to the existing cloud providers.
|Rewards||Distributed automatically every cycle (~ once every day)|
|Slashing||3% for double signing and 0.05% for downtime|
|Inflation||12% falling by 0.00005% a day|
|Compounding||Rewards are automatically restaked|
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Serving the world’s largest LPT holders.
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Our Commission rate is 10%.
Active participant in the Livepeer ecosystem.
Third-party custody solutions are available through our institutional partners.
The world’s most advanced physical IDC + multi-cloud staking infrastructure.
You maintain custody of your LPT at all times.
Protected via industry-leading Staking & Delegation agreement.
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Stake your LPT tokens in a few clicks by following these steps:
We recommend using a Ledger device for self-custody of Ethereum-based LPT tokens.
Figment’s full orchestrator profile is here.
Livepeer’s token, LPT, is used for staking and voting on on-chain governance.
Staking rewards and transfers are currently enabled.
Initially, the LPT is being staked to earn new issuance (“inflationary”) subsidies. That means that the LPT supply will increase and stakers will capture the newly issued LPT. Generally, you will earn around 20% annually on your staked LPT, but that can change. Since staking rewards are tied to inflation, read about how inflation and rewards are related here.
Stakers will also capture fees from network transactions, so as Livepeer transaction volume increases, LPT stakers will earn more than new issuance subsidies.
The LPT also gives stakers the right to vote on policy decisions for how the Liverpeer will operate and distribute treasury funds.
From the moment you initiate the unbonding process, it takes 7 days to unstake. During this time you will not earn rewards.
You can self-custody your Livepeer LPT tokens, ideally using a Ledger hardware wallet.
Figment has partnerships with a number of top-in-class custodians: email@example.com
The Livepeer protocol takes control of your LPT tokens while you are staking.
While your LPT are staked, you may participate in on-chain governance by voting on different proposals.
Transcoders can be slashed (loss of LPT) for failed verification, failing to initiate a verification when required, or not contributing a proportional share of transcoding work based on amount delegated to their service.
Missed Verification Slash Amount = 0.5%
Double Claim Segment Slash Amount = 3%
Staking income on Liverpeer is automatically distributed every automatically every epoch (~ once every day).
Staking income is staked automatically, which means you will need to unstake to withdraw your staking income.
Your potential rewards depend upon validator performance. When your validator is down, you will not be earning staking income.
Right now, the inflation rate is decreasing by 0.00005%/round of the total supply. To read why this is and get into Livepeer’s monetary policy, check out this governance proposal on the inflation change.
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