Livepeer

Last updated: Aug 02 2020

Protocol teams occasionally change the delegation / staking process. If the following instructions do not work, please email support@bisontrails.co for assistance.


Livepeer is open source video infrastructure, built on the Ethereum blockchain.

Commission

0.5% of rewards

Minimum Stake

0.1

Unbonding Period

7 Days

Start Delegating $LPT

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Start Delegating

Delegation Instructions

1. CONNECT YOUR WALLET

  1. Ensure your Livepeer Tokens (LPT) (as well as a small amount of ETH for fees) are available on your wallet (e.g. MetaMask, Coinbase Wallet)
  2. Click CONNECT WALLET
  3. Select your wallet location

2. NAVIGATE TO BISON TRAILS’ TRANSCODER

  1. Go to Bison Trails’ transcoder page. Our transcoder address is 0xda43d85b8d419a9c51bbf0089c9bd5169c23f2f9
  2. Click BOND to begin the delegation process. If you don’t have the option to bond, make sure that your wallet is connected in your Ethereum-enabled browser.


Livepeer Transfer Allowance
Transfer Allowance

3. UPDATE YOUR ALLOWANCE

  1. EDIT your LPT transfer allowance to the amount of LPT you want available for bonding:
    - If you are currently delegating to another transcoder, enter 0 in the Amount To Bond field. This action will transfer your existing bonded amount to the selected transcoder.
  2. Click Submit
  3. Review and click CONFIRM


Livepeer bond
Bonding

4. BOND TO BISON TRAILS’ TRANSCODER

  1. Return to the BOND page
  2. Enter the amount of LPT you wish to bond to the transcoder
  3. Click SUBMIT
  4. Click Confirm

Congratulations! You are now bonded to Bison Trails’ transcoder.

FAQ

The inflation rate in Livepeer fluctuates; it depends on how many tokens are staked out of the total supply in circulation. Livepeer refers to this ratio as its participation rate.

The protocol aims for a 50% participation rate as the benchmark for balancing network security and token liquidity. The protocol incentivizes participation by increasing or decreasing the inflation rate by 0.0003% for every round that the participation rate dips below or above 50%, respectively. One round is equal to 5,760 Ethereum blocks, lasting about 22.5 hours, which is roughly how often rewards are claimed.

View Scout for the latest inflation numbers

Livepeer has no slashing mechanism, so your LPT are never at risk of being slashed.

Bison Trails charges a 0.5% commission on all rewards earned by tokens delegated to our validator. The commission is paid to Bison Trails automatically by the protocol. You can then withdraw your rewards from the protocol directly.

Interested in delegating on other protocols?

Have tokens on other networks? Learn more about delegating to our public validators on Celo, Cosmos, Edgeware, Kusama, Ontology, Polkadot, Solana, and more. We also offer dedicated participation clusters.


Contact us




Please review our Digital Asset Rights Delegation Agreement.

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THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY. PLEASE DO NOT CONSTRUE ANY SUCH INFORMATION OR OTHER MATERIAL CONTAINED IN THIS DOCUMENT AS LEGAL, TAX, INVESTMENT, FINANCIAL, OR OTHER ADVICE. THIS DOCUMENT AND THE INFORMATION CONTAINED HEREIN IS NOT A RECOMMENDATION OR ENDORSEMENT OF ANY DIGITAL ASSET, PROTOCOL, NETWORK OR PROJECT. HOWEVER, BISON TRAILS (INCLUDING ITS AFFILIATES AND/OR EMPLOYEES) MAY HAVE, OR MAY IN THE FUTURE HAVE, A SIGNIFICANT FINANCIAL INTEREST IN, AND MAY RECEIVE COMPENSATION FOR SERVICES RELATED TO, ONE OR MORE OF THE DIGITAL ASSETS, PROTOCOLS, NETWORKS, ENTITIES, PROJECTS AND/OR VENTURES DISCUSSED HEREIN.

THE RISK OF LOSS IN CRYPTOCURRENCY, INCLUDING STAKING, CAN BE SUBSTANTIAL AND NOTHING HEREIN IS INTENDED TO BE A GUARANTEE AGAINST THE POSSIBILITY OF LOSS. THIS DOCUMENT AND THE CONTENT CONTAINED HEREIN ARE BASED ON INFORMATION WHICH IS BELIEVED TO BE RELIABLE AND HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE BUT BISON TRAILS MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE FAIRNESS, ACCURACY, ADEQUACY, REASONABLENESS OR COMPLETENESS OF SUCH INFORMATION.

ANY USE OF BISON TRAILS’ SERVICES MAY BE CONTINGENT ON COMPLETION OF BISON TRAILS’ ONBOARDING PROCESS, INCLUDING ENTRANCE INTO APPLICABLE LEGAL DOCUMENTATION AND WILL BE, AT ALL TIMES, SUBJECT TO AND GOVERNED BY BISON TRAILS’ POLICIES, INCLUDING WITHOUT LIMITATION, ITS TERMS OF SERVICE AND PRIVACY POLICY, AS MAY BE AMENDED FROM TIME TO TIME.

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Questions?

If you have questions, or if you are interested in running a validator on the Bison Trails platform, please contact us. Our protocol specialists are happy to assist you.