Staking LPT with Figment:
- Experienced: Operating active set transcoder since June 2018
- Reliable: 100% reward success
- Trusted: Livepeer’s original VC investors stake with Figment
- Secure: The world’s most advanced physical IDC + multi-cloud staking infrastructure
- Efficient: We run our own Ethereum nodes guaranteeing fast & consistent network access for all Livepeer related Smart Contract interactions
- Transparent: Figment is a venture funded, registered Canadian company, based in Toronto. Canada offers stability, rule of law and clear crypto regulation
- Safe: Maintain custody & control of your LPT at all times
- Compliant: Track real-time, historical, and future estimated returns with Reward reporting and tracking
- Governance: Active participant in the Livepeer community & governance
- SLA: 100% missed reward guarantee. Industry leading delegation Agreement
- Rewards: Receive 90% of rewards (10% fee) + 50% of transcoder transaction fees
- Figment Prime: Available for >100,000 LPT. Contact us for more information
Figment’s full transcoder profile is here and our transcoder address is:
See our step-by-step Livepeer Staking guide for detailed instructions.
For more details about staking LPT see Livepeer’s complete delegation guide here.
Have questions or need help? Contact Us
Learn More about Livepeer
The Livepeer network provides decentralized transcoding infrastructure for live streaming online video.
The Livepeer token (LPT) is used as a bond (via staking) to ensure marketplace security and quality assurance when selling transcoding services. To be a transcoder, you must stake LPT. If you’re not transcoding, you can earn staking rewards by backing a transcoder such as Figment via delegating your LPT stake.
Livepeer Founders & Contributors
The Livepeer Bet: Allocative CapacityTuesday, May 28, 2019
A bet on Livepeer is a bet on allocative capacity. This is the premise: idle compute capacity will always be cheaper than dedicated capacity.
Livepeer Staking Delegation GuideFriday, May 24, 2019
Livepeer is a rewarding proof of stake (PoS) project to be participating in — particularly in this early phase, where rewards may be as high as 1.5x the number tokens staked for the year.
Livepeer is a brilliantly designed crypto network for delivering scaled value (blockchain pioneers, take note)Wednesday, January 30, 2019
Well, it’s official: the lofty promises made during the 2017 crypto frenzy have come up dramatically short.
Frequently Asked Questions
Do I maintain custody and control of my LPT when staking?
You keep custody of your LPT at all times. Your LPT stays in your wallet and you can change your delegation at any time.
All LPT award token transfers are handled in the Livepeer protocol so we never have custody of your tokens or token rewards.
There is a seven (7) day unbonding to un-stake and transfer your tokens. There is a 1 cycle (approx. 25 hours) bonding period.
How can I track my reward history?
Stay up to date and track status with the Figment Transcoder Page. See our Reward Call history in the Recent Activity section.
How do I acquire Livepeer LPT Tokens?
There is no staking minimum.
The following exchanges trade in LPT:
Smart contracts are controlled by you via:
Check out MyCrypto’s guide for buying ETH with US dollars. Once fiat currency e.g. USD is traded for cryptocurrency e.g. ETH you can use the above exchanges to trade into LPT.
What is the calculation for each type of reward?
Each transcoder is paid inflationary rewards in LPT and transcoding fees in ETH. Inflationary rewards are decided by the network parameters based on what percentage of LPT is staked (50% targeted), while fees for transcoding are decided by each Transcoder and split between node operators and delegators. Currently the inflationary rewards sit around 150% paid in LPT token per year.
How are rewards disbursed to the node?
Rewards are distributed by the Livepeer protocol once every cycle, which is roughly once a day.
Are rewards considered liquid (available) or are they locked for a period?
Rewards need to be unbonded and are locked for 7 days during unbond period.
Are there different tiers/classes of nodes for which rewards can be earned different rates? Can a validator be slashed?
Transcoders choose the price they will charge for their service, giving delegates the opportunity to choose node operators that have run a profitable and secure service.
Can a validator be slashed?
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%