The world’s most advanced physical IDC + multi-cloud staking infrastructure.
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Livepeer’s smart contract holds your LPT, and you maintain control of your LPT tokens at all times.
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The Livepeer network provides decentralized transcoding infrastructure for live streaming services.
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.
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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.
Stay up to date and track status with the Figment Transcoder Page. See our Reward Call history in the Recent Activity section.
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.
Rewards are distributed by the Livepeer protocol once every cycle, which is roughly once per day.
Rewards need to be unbonded and are locked for 7 days during the unbond period.
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.
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%