Livepeer is an Open Source Video Infrastructure Services. The market cap is $45,441,296 and the 24h volume is $31,411.
Livepeer blockchain consensus is achieved via Delegated Proof of Stake. Investors can leverage their crypto via voting. Currently there are 3 options to earn passive income and staking rewards with your Livepeer investment as outlined below.
Run a Transcoder Node
- How to delegate Livepeer (LPT)
Every token holder has the right to delegate their tokens to an Orchestrator node for the right to receive both inflationary rewards in LPT and fees denominated in ETH from work completed by that node. To delegate to an Orchestrator, visit the Livepeer Explorer and login with your Web 3.0 enabled wallet.
- How to run a Livepeer Orchestrator Node?
By running an Orchestrator node, you will be participating in the process of transcoding video on the Livepeer network. As a reward, your node will receive both inflationary LPT rewards and fees denominated in ETH which are paid by individuals broadcasting video.
Right to complete work, which translates into rewards earned, is a function of how much LPT is staked to your node. This is a combination of your personal stake and the stake of others who have decided to bond their LPT to your node.
Currently, there can be a network maximum of 100 orchestrator nodes