The #1 Legal and Compliant
Livepeer Transcoder

We give you the tools to be in control of your staking, make informed decisions, and track returns.

Highlights

Figment Networks is a security and compliance focused Livepeer Transcoder. Drawing on years of data center, software, and security experience, we offer industry leading best practices to keep your tokens safe and optimized for yield. Based in Canada, we provide transparency, legal stability, and regulatory clarity.

Stake your LPT Tokens with Figment

Figment Transcoder
  • Keep control of your LPT and stake with the Figment Transcoder
  • Maximize your staking compared to other transcoders with our "No Missed Reward Calls Guarantee"
  • Returns are determined by Livepeer Network usage, and currently in the 125% - 150% per year range.
Large Delegations
  • If you are a large LPT holder, you can get monthly rebates to lower your net fees
  • All the benefits of running your own Transcoder with none of the work
  • Increased annual returns estimated compared to standard staking
  • Backed by binding and enforceable Canadian legal contracts including a Service Level Agreement (SLA)
  • Your LPT remain in your wallet and rebates are handled monthly offchain

Figment Transcoder Benefits

Safety

You keep custody of your LPT at all times. Your LPT stays in your wallet and you can change your delegation at any time.

Our "No Missed Reward Calls Guarantee" means that even if we miss a Reward Call, your returns will not be affected.

Transparency

Stay up to date and track our status with the Figment Transcoder Page.

See our Reward Call history in the Recent Activity section.

Operational Excellence

Our experience in operating and monitoring data centers allows us to maintain a near 100% uptime and Reward Call rate. Our network infrastructure is automated and continuously monitored, and alerts are configured around key operations.

In addition, we run our own Ethereum nodes, guaranteeing fast and consistent network access for all Livepeer related Smart Contract interactions.

Security

The Figment Transcoder operates out of secure and redundant internet data center (IDC) in Ontario, Canada.

All LPT token transfers are handled in the Livepeer protocol, and we never have custody of your tokens.

To improve the robustness of our software and strengthen the network, we've begun to open source our software on other networks and intend to do so with Livepeer.

Compliance

Figment Networks Inc. is a registered Canadian corporation based in Toronto, Ontario.

Operating in the Canadian jurisdiction has several benefits:

  • Clear laws around crypto network operator businesses (ex. mining)
  • Enforced rule of law
  • Stable government
  • Publicly traded crypto businesses

Figment Networks strives in all ways to operate an above board, safe and transparent business that protects our customers while still innovating.

Our industry-leading Delegation Agreement ensures compliance.

Staking Step by Step

Staking takes about 3 minutes is done using the Metamask browser extension at the Livepeer Explorer Dashboard.

You will need a small amount of ETH in the same account that you hold your LPT to complete staking.

The Figment Networks Transcoder address is 0x9d2b4e5c4b1fd81d06b883b0aca661b771c39ea3

Now you can follow along with the instructions in the official guide and choose the Figment Transcoder.


Have questions or need help? Contact Us