1. CONNECT YOUR WALLET
2. NAVIGATE TO BISON TRAILS’ TRANSCODER
BONDto 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.
3. UPDATE YOUR ALLOWANCE
EDITyour LPT transfer allowance to the amount of LPT you want available for bonding:
Amount To Bondfield. This action will transfer your existing bonded amount to the selected transcoder.
4. BOND TO BISON TRAILS’ TRANSCODER
Congratulations! You are now bonded to Bison Trails’ transcoder.
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.
We asked Viktor to provide context on the necessity of the inflationChange parameter proposal and why we’re hopeful the Livepeer community considers—and ultimately decides to support—the update.
Have tokens on other networks? Learn more about delegating to our community validators on Celo, Cosmos, Edgeware, Kusama, Ontology, Polkadot, Solana, and more. We also offer dedicated participation clusters.