Livepeer

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

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

How is the Livepeer reward rate determined?

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

What are the risks associated with delegating?

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

How does Bison Trails’ commission work?

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.

Anything else I should know?

Learn more about Bison Trails and how our platform minimizes the risks of slashing. Please also review our full Digital Asset Rights Delegation Agreement.

View more protocols

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.