1. Livepeer is an open platform for decentralized live video broadcasting where broadcasters can distribute live video streams using the Livepeer network. 2. Staking Livepeer tokens involves delegating tokens to transcoders who perform video transcoding and are rewarded with fees and inflationary tokens. 3. Staking with transcoders like Staken provides attractive yields, with Livepeer currently offering a yearly staking yield of 156.33%. Delegating tokens provides rewards without giving up custody of the tokens.

1.
​Livepeer Staking Guide
Staking is the most trending topic in the cryptosphere.
Apparently, delegated proof of stake has become the new
method of earning passive income.
Staking proves to a better way of validating transactions
as compared to Proof of Work and are gradually
becoming the standard for most of the public blockchain

2. infrastructures. Therefore, everyone is gradually
shifting towards the ​PoS consensus​.
DPoS algorithm allows users to elect delegates to stake
their tokens on their behalf and earn annual rewards of
4% - 15%, in return.
Livepeer Staking Guide
What is Livepeer(LPT) ?
Livepeer is an open platform for decentralized live video
broadcasting, wherein broadcasters can transcode and
distribute their live video streaming using the Livepeer

3. network, to any device. Livepeer develops peer to peer
live video streaming network protocol on the Ethereum
blockchain. The Livepeer alpha network was launched
on May 1, 2018 on the Ethereum mainnet.
Each round of the Livepeer protocol lasts for about 21-22
hours depending on the time Ethereum takes to solve a
block.The average time for solving a block is 13 seconds
and each round consists of 5760 blocks. The Livepeer
network is in round 1334 currently as of May 3 2019,
which is the 1333th round since the launch of the
network. Token holders or delegators elect transcoder
nodes to stake their coins and the transcoders perform
video transcoding. Once the round is completed,
broadcaster fees and new LPT are distributed, the active
transcoder pool is reconstructed as per the total
delegated stake. Transcoders are penalized for any
malicious activity.
The team behind Livepeer(LPT)
Livepeer believes in open source code and is open to
contributions from people with diverse backgrounds and
skill sets.
The company being based in New York, the Livepeer
team contributes from different locations and uses
technologies such as JavaScript, Solidity, Golang, open

4. source video tools such as ffmpeg and smart contract
platforms.
The launch of Livepeer(LPT)
On May 1, 2018, the livepeer alpha network was
launched on the Ethereum mainnet.
Core Principles of Livepeer
Keeping in mind the requirements of DApp developers,
Livepeer follows the below core principles:
1. Scalability - The Livepeer P2P network is highly
scalable allowing users to scale to any size without
any failure points. The network optimizes encoding
quality and performance of delivery.
2. Low Cost - The livepeer network uses crypto
economic incentive methods to reduce the
transcoding costs as compared to cloud providers.
3. Decentralized - The decentralized network allows all
participants to shape Livepeer and leaves no control
in the hands of a single company or individual.
Staking Livepeer Tokens(LPT)

5. Staking in Livepeer is done through bonding with a
transcoder on the platform. Transcoders can be selected
based on the statistics on the dashboard and delegate
LPT to the chosen transcoder, to earn rewards and fees.
This consensus model is known as the DPoS - Delegated
Proof of Stake. DPoS enables token holders to
participate in staking by delegating any amount of
tokens to transcoders elected by them.
To delegate LPT, go to
https://explorer.livepeer.org/transcoders​ to access a list
of active transcoders on the Livepeer network.
The Dashboard
The dashboard may seem a little confusing for those who
are new to the network, so here’s a simple way of
understanding all that information. The Livepeer
transcoder dashboard provides statistics of the past 30
rounds on the reliability of each transcoder to call the
reward during each round. If a transcoder misses a
reward call, it directly impacts the delegators as they
miss their inflationary LPT for that round. This feature
has made the transcoders more vigilant, reliable and
focused for not missing the reward call.

6. The reward cut is the share of the transcoders from the
reward call, the fee share is the amount shared with
delegators, received for transcoding and distributing live
videos, Price in GWEI is the amount charged by each
transcoder for transcoding and total stake depicts the
LPT staked with transcoders by delegators.
What are livepeer Transcoders ?
Transcoders within the livepeer network convert input
streams of videos into different formats for broadcasters
and participate in Truebit based transcoding verification
protocol. Currently, the Livepeer network supports 25
active transcoders in each round. The transcoders offer
inflationary rewards and broadcasting fees
proportionate to their delegated stake with every round
to members who stake their LPT to them. The active set
of transcoders is reset after every round based on the
total delegated stake.
One such active transcoders on Livepeer is ​StakeN​.
What is livepeer Delegation ?
If you hold LPT and want to bond or delegate your LPT
stake to transcoders, you can do so using the Bond
transaction in the Livepeer smart contract. You can
select the transcoder you want to stake to, based on the
stats on the dashboard and delegate your LPT to earn

7. rewards in the form of ETH broadcaster fees and LPT
inflation.
Delegation is non-custodial and your stake is not at risk.
You also have an option to unbond your LPT after a
round and stake your LPT's towards another transcoder.
It definitely is a win-win situation!
Livepeer Activities Stats
Livepeer is creating a buzz due the attractive ​staking
yield​ it offers. Currently, its is offering a monthly staking
yield of 13.03% and a yearly staking yield of 156.33%.
One Livepeer is worth $7.92, therefore, if you hold 1000
LPT worth $7920 for instance, your daily earning is
estimated at $33.92 and yearly earning is $12,381.34.
For more information on stake rate metrics and real
time inflation you can visit
https://scout.cool/livepeer/mainnet​.

8. Delegate your LPT to Staken with the
following address:
To delegate LPT to a transcoder, Go to
https://explorer.livepeer.org/transcoders​ to access a list
of the active and candidate transcoders on the network
and the following instructions:
Click on the ‘BOND’ button in the list of transcoders for
the node whom you want to delegate your LPT’s.

9. After Bonding, you will need to update your LPT
transfer allowance to the amount of LPT you want to
bond with the transcoder.
After updating your transfer allowance, enter the
amount of LPT, and submit a transaction to the
Ethereum network.

10. To delegate your LPT to Staken, please use
the following address:
https://explorer.livepeer.org/accounts/0x9e14de5cc84e
437518c2c303c88570fe13f0ad15
0x9e14de5cc84e437518c2c303c88570fe13f0ad15
About Staken
Staken​ is built by competent entrepreneurs who have
worked extensively in the technology industry,
specifically in the blockchain domain. Delegating with
Staken would make sure that you realize the maximum
potential of staking as the future of crypto assets where
we simplify your staking experience, while you multiply
your holdings using the power of the almighty
compounding. Your trust in the project will pay off in the
form of increasing returns.