Why Stake with Figment?

Experienced & Trusted

Experienced & Trusted

Operating active transcoder since June 2018.

Livepeer’s original VC investors stake with Figment.

Figment is a venture funded,  registered Canadian company based in Toronto. Canada offers stability, rule of law and clear crypto regulation.

Features & Benefits

Features & Benefits

Receive 90% of rewards (10% fee) +  50% of transcoder transaction fees.

100% missed reward SLA guarantee.

Figment Prime & discounts available for  > 100,000 LPT.  Contact us for more information.

Active participant in Livepeer community, including governance leadership.

 

Security & Safety

Security & Safety

The world’s most advanced physical IDC + multi-cloud staking infrastructure.

100% reward payment success.

Livepeer’s smart contract holds your LPT, and you maintain control of your LPT tokens at all times.

 

Compliance

Compliance

Track real-time, historical, and future estimated returns with Hubble, including the only comprehensive and tax-compliant daily reward tracking.

Protected via industry-leading Delegation Agreement.

Calculate your rewards

How many Livepeer tokens do you have?

Staking Guide & Instructions

Figment’s full orchestrator profile is here and our orchestrator address is:

0x9d2b4e5c4b1fd81d06b883b0aca661b771c39ea3
  1. Use the Metamask browser extension
  2. Browse  Livepeer’s orchestrator dashboard
  3. Read guides
    See our step-by-step Livepeer Staking guide for detailed instructions.
    For more details about staking LPT see Livepeer’s complete delegation guide.

Have questions or need help? Contact Us

Fiat-to-Token Exchange

Please see our comprehensive guide on fiat to crypto on-ramps for all staking tokens.

View Guide

Token Performance

Learn More

A 10-minute primer here

The Livepeer network provides decentralized transcoding infrastructure for live streaming services.

Livepeer is also an open marketplace for anyone to make available their hardware’s idle capacity for transcoding work.  Read more about the Livepeer Bet here  and Livepeer for Beginners here.

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 by delegating your LPT stake. 

Livepeer Founders & Contributors

  • Doug Petkanics Founder, CEO Livepeer Inc.
  • Eric Tang Founder, CTO Livepeer Inc.
  • Compound Investor
  • Multicoin Capital Investor

Frequently Asked Questions

Do I maintain custody and control of my LPT when staking?

You keep control of your LPT at all times. Your LPT stays in Livepeer’s smart contract, controlled by your wallet, and you can change your delegation at any time.

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

Before being able to transfer your tokens, there is approximately a 7-day unbonding period to unstake.

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.

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 per 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 the 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%

 

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