Difference between revisions of "Livepeer (LPT)"

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* [[Open Source]] Video Infrastructure Services, Built On The [[Ethereum (ETH)|Ethereum]] [[Blockchain]].
* [[Open Source]] Video Infrastructure Services, Built On The [[Ethereum (ETH)|Ethereum]] [[Blockchain]].
* From [https://tokentuesdays.substack.com/p/staking-models-for-productive-assets?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoyNTIwODAsIl8iOiJ4T3ZiMSIsImlhdCI6MTU4MDQ4ODQ4NywiZXhwIjoxNTgwNDkyMDg3LCJpc3MiOiJwdWItMTU0MDUiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.mi3DhAUpZJzfMq-QZy6NlwyfOdhGXaLyarPgq5Aohvs this post] by [[Token Tuesdays]] (29-1-2020):
* From [https://tokentuesdays.substack.com/p/staking-models-for-productive-assets?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoyNTIwODAsIl8iOiJ4T3ZiMSIsImlhdCI6MTU4MDQ4ODQ4NywiZXhwIjoxNTgwNDkyMDg3LCJpc3MiOiJwdWItMTU0MDUiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.mi3DhAUpZJzfMq-QZy6NlwyfOdhGXaLyarPgq5Aohvs this post] by [[Token Tuesdays]] (29-1-2020):
''"Livepeer, the [[decentralized]] live video streaming platform, allows anyone to become an orchestrator and perform video broadcasting work on the network, or delegate LPT [[tokens]] with an orchestrator to perform work on the token holder’s behalf.''
''"Livepeer, the [[decentralized]] live video streaming platform, allows anyone to become an orchestrator and perform video broadcasting work on the network, or delegate LPT [[tokens]] with an orchestrator to perform work on the [[token]] holder’s behalf.''


''Orchestrators and their delegates earn newly minted LPT through the protocol’s native inflation as well as earning broadcaster fees in the form of [[ETH]] or [[DAI]]. When a broadcaster pays fees into the network, both the orchestrators and the delegators earn a portion of those fees as a reward for ensuring a high-quality and secure network.'' 
''Orchestrators and their delegates [[earn]] newly minted LPT through the protocol’s native inflation as well as earning broadcaster [[fees]] in the form of [[ETH]] or [[DAI]]. When a broadcaster pays fees into the network, both the orchestrators and the delegators earn a portion of those fees as a reward for ensuring a high-quality and secure network.'' 


''Livepeer’s staking rewards are some of the highest in the industry, offering an adjusted return of [https://www.stakingrewards.com/asset/livepeer 18.60%]. The protocol recently implemented its [https://medium.com/livepeer-blog/the-streamflow-proposal-scaling-livepeer-72179b20bfdd Streamflow upgrade] as well as launched the [https://tokenholders.livepeer.org/ token holder site]."''
''Livepeer’s [[staking rewards]] are some of the highest in the industry, offering an adjusted return of [https://www.stakingrewards.com/asset/livepeer 18.60%]. The protocol recently implemented its [https://medium.com/livepeer-blog/the-streamflow-proposal-scaling-livepeer-72179b20bfdd Streamflow upgrade] as well as launched the [https://tokenholders.livepeer.org/ token holder site]."''
* [[Figment]] is a [[staker]] on Livepeer. From [https://figment.network/networks/livepeer/ their website] (9-3-2020): ''"Operating active [https://forum.livepeer.org/t/transcoder-campaign-figment-networks/273 transcoder] since June 2018. Livepeer’s original [https://figment.network/resources/compound-chooses-figment-networks-as-staking-partner/ VC investors] stake with Figment. We are building staking rewards tracking, thanks to a grant from the Livepeer team. Receive 90% of rewards (10% fee) +  50% of transcoder transaction fees."''
* [[Figment]] is a [[staker]] on Livepeer. From [https://figment.network/networks/livepeer/ their website] (9-3-2020): ''"Operating active [https://forum.livepeer.org/t/transcoder-campaign-figment-networks/273 transcoder] since June 2018. Livepeer’s original [https://figment.network/resources/compound-chooses-figment-networks-as-staking-partner/ VC investors] [[stake]] with Figment. We are building staking rewards tracking, thanks to a grant from the Livepeer team. Receive 90% of rewards (10% fee) +  50% of transcoder [[transaction]] fees."''
==History ==
==History ==
== Audits & Exploits ==
== Audits & Exploits ==
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* [[Whitepaper]] can be found [insert here].
* [[Whitepaper]] can be found [insert here].
* Code can be viewed [insert here].
* Code can be viewed [insert here].
* Built on: [[Ethereum (ETH)|Ethereum]]
* Built on: started out on [[Ethereum (ETH)|Ethereum]] but [https://medium.com/livepeer-blog/the-confluence-upgrade-is-live-3b6b342ea71e moved] to [[Arbitrum]] (15-2-2022).
=== How it works ===
=== How it works ===


* [https://decrypt.co/89788/alan-howard-tiger-global-backs-decentralized-video-streaming-network-livepeer-20m-funding From] [[Decrypt (DCPT)|Decrypt]] (5-1-2022):
* [https://decrypt.co/89788/alan-howard-tiger-global-backs-decentralized-video-streaming-network-livepeer-20m-funding From] [[Decrypt (DCPT)|Decrypt]] (5-1-2022):


''"Livepeer is building peer-to-peer infrastructure that interacts through a marketplace, where Ethereum is used to coordinate the entire process and settle the payments."''
''"Livepeer is building [[peer-to-peer]] infrastructure that interacts through a marketplace, where [[Ethereum]] is used to coordinate the entire process and settle the payments."''


===Fees===
===Fees===
===Upgrades===
===Upgrades===
===Mining===
=== Staking===
=== Staking===
====Validator Stats====
====Validator Stats====
Line 73: Line 72:
''2. Extensible Governance System''
''2. Extensible Governance System''


''The motivation behind this milestone is not to immediately implement a sophisticated binding voting system, but rather to establish the technical foundation that allows for a variety of sophisticated binding voting systems to be implemented in the future.''
''The motivation behind this milestone is not to immediately implement a sophisticated binding voting system, but rather to establish the technical [[foundation]] that allows for a variety of sophisticated binding voting systems to be implemented in the future.''


''3. Binding Voting System''
''3. Binding Voting System''
Line 81: Line 80:
''4. Future''
''4. Future''


''The previous milestone will be the first time when stakeholders will be able to have full autonomous control over changes to the protocol smart contracts. However, the system deployed as a part of the previous milestone will likely still need to change over time. There are a number of interesting mechanisms to explore such as futarchy and quadratic voting. All of these mechanisms will be possible to experiment with and it will be up to the stakeholders to decide which ones best suit the governance needs of the protocol."''
''The previous milestone will be the first time when stakeholders will be able to have full autonomous control over changes to the protocol smart [[contracts]]. However, the system deployed as a part of the previous milestone will likely still need to change over time. There are a number of interesting mechanisms to explore such as futarchy and quadratic voting. All of these mechanisms will be possible to experiment with and it will be up to the stakeholders to decide which ones best suit the governance needs of the protocol."''
== Usage ==
== Usage ==
* [https://decrypt.co/89788/alan-howard-tiger-global-backs-decentralized-video-streaming-network-livepeer-20m-funding From] [[Decrypt (DCPT)|Decrypt]] (5-1-2022):
* [https://decrypt.co/89788/alan-howard-tiger-global-backs-decentralized-video-streaming-network-livepeer-20m-funding From] [[Decrypt (DCPT)|Decrypt]] (5-1-2022):
''"According to the company, there are already over 70,000 GPUs in the Livepeer network, which provides enough aggregated power to encode all video streaming through Twitch, YouTube, and Facebook combined."''
''"According to the company, there are already over 70,000 GPUs in the Livepeer network, which provides enough aggregated power to encode all video streaming through Twitch, YouTube, and [[Facebook]] combined."''
* [https://ournetwork.substack.com/p/our-network-issue-74-revised?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozNzIyMzEzMCwiXyI6IitrN3VtIiwiaWF0IjoxNjIzMDQ4MTQxLCJleHAiOjE2MjMwNTE3NDEsImlzcyI6InB1Yi0yMTM2MiIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.nJN2qbc2jV5POJ5mplr8LiGRW1bUGOE_bXU9doi6LHM From] Our Network (5-6-2021):
* [https://ournetwork.substack.com/p/our-network-issue-74-revised?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozNzIyMzEzMCwiXyI6IitrN3VtIiwiaWF0IjoxNjIzMDQ4MTQxLCJleHAiOjE2MjMwNTE3NDEsImlzcyI6InB1Yi0yMTM2MiIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.nJN2qbc2jV5POJ5mplr8LiGRW1bUGOE_bXU9doi6LHM From] Our Network (5-6-2021):


''"The number of minutes of input video streamed through the Livepeer network has grown to over 1,000,000 minutes/week, up from about 400,000 in March."''
''"The number of minutes of input video streamed through the Livepeer network has grown to over 1,000,000 minutes/week, up from about 400,000 in March."''
* [https://ournetwork.substack.com/p/our-network-issue-51?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoyNTk5MjIyMSwiXyI6ImM5eFJuIiwiaWF0IjoxNjA4MzE1MDc1LCJleHAiOjE2MDgzMTg2NzUsImlzcyI6InB1Yi0yMTM2MiIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.HtNWv1R1CGaDcVhKmMINxWq76scZDBHsSEftvbjnIJM From] [[Our Network]] #51 (18-12-2020):
* [https://ournetwork.substack.com/p/our-network-issue-51?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoyNTk5MjIyMSwiXyI6ImM5eFJuIiwiaWF0IjoxNjA4MzE1MDc1LCJleHAiOjE2MDgzMTg2NzUsImlzcyI6InB1Yi0yMTM2MiIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.HtNWv1R1CGaDcVhKmMINxWq76scZDBHsSEftvbjnIJM From] [[Our Network]] #51 (18-12-2020):
"''December is already the highest usage month to date on the Livepeer video infrastructure network, with over 280,000 minutes of video streamed, over $2500 of fees paid by broadcasters to [[node]] operators, and over 100,000 LPT distributed to token holding network participants through [[staking]] and node operations through the first 15 days."''
"''December is already the highest usage month to date on the Livepeer video infrastructure network, with over 280,000 minutes of video streamed, over $2500 of fees paid by broadcasters to [[node]] operators, and over 100,000 LPT [[distributed]] to token holding network participants through [[staking]] and node operations through the first 15 days."''


=== Projects that use or built on it ===
=== Projects that use or built on it ===
Line 112: Line 111:
Partners
Partners
* [https://ournetwork.substack.com/p/our-network-issue-51?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoyNTk5MjIyMSwiXyI6ImM5eFJuIiwiaWF0IjoxNjA4MzE1MDc1LCJleHAiOjE2MDgzMTg2NzUsImlzcyI6InB1Yi0yMTM2MiIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.HtNWv1R1CGaDcVhKmMINxWq76scZDBHsSEftvbjnIJM From] [[Our Network]] #51 (18-12-2020):
* [https://ournetwork.substack.com/p/our-network-issue-51?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoyNTk5MjIyMSwiXyI6ImM5eFJuIiwiaWF0IjoxNjA4MzE1MDc1LCJleHAiOjE2MDgzMTg2NzUsImlzcyI6InB1Yi0yMTM2MiIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.HtNWv1R1CGaDcVhKmMINxWq76scZDBHsSEftvbjnIJM From] [[Our Network]] #51 (18-12-2020):
"''On the web3 side, the file.video integration between [[Filecoin (FIL)|Filecoin]] and Livepeer serves as a template for a [[decentralized]] [[Youtube]], and allows users to upload videos to be ingested and transcoded by Livepeer, and stored on Filecoin for long term access and playback."''
"''On the [[web3]] side, the file.video integration between [[Filecoin (FIL)|Filecoin]] and Livepeer serves as a template for a [[decentralized]] [[Youtube]], and allows users to upload videos to be ingested and transcoded by Livepeer, and stored on Filecoin for long term access and playback."''
==''(:''==
==''(:''==
''Knowledge empowers all and will help us get closer to the [[decentralised|decentralized]] world we all want to live in!''
''Knowledge empowers all and will help us get closer to the [[decentralised|decentralized]] world we all want to live in!''
Line 118: Line 117:
''Making these free wiki pages is fun but takes a lot of effort and time.''
''Making these free wiki pages is fun but takes a lot of effort and time.''


''If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.''
''If you have enjoyed reading, tips are appreciated :) This will help us to [[keep]] expanding this archive of information.''


''[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31''[[Category:Coins/Tokens]]
''[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31''[[Category:Coins/Tokens]]

Revision as of 09:10, 7 March 2022

Livepeer
Total supply11,198,133 LPT

Basics

  • Started in / Announced on:
  • Mainnet release:
  • Based in:

"Livepeer, the decentralized live video streaming platform, allows anyone to become an orchestrator and perform video broadcasting work on the network, or delegate LPT tokens with an orchestrator to perform work on the token holder’s behalf.

Orchestrators and their delegates earn newly minted LPT through the protocol’s native inflation as well as earning broadcaster fees in the form of ETH or DAI. When a broadcaster pays fees into the network, both the orchestrators and the delegators earn a portion of those fees as a reward for ensuring a high-quality and secure network. 

Livepeer’s staking rewards are some of the highest in the industry, offering an adjusted return of 18.60%. The protocol recently implemented its Streamflow upgrade as well as launched the token holder site."

  • Figment is a staker on Livepeer. From their website (9-3-2020): "Operating active transcoder since June 2018. Livepeer’s original VC investors stake with Figment. We are building staking rewards tracking, thanks to a grant from the Livepeer team. Receive 90% of rewards (10% fee) +  50% of transcoder transaction fees."

History

Audits & Exploits

Bugs/Exploits

Governance

"In the first 2 years of the Livepeer protocol’s existence, the core development team responsible for the creation of the first version of the protocol also took on the responsibility of upgrading the protocol to better meet the requirements of video streaming applications. At the moment, the governance of the protocol is driven by the core development team as the BDFL (benevolent dictator for life). In order to realize the vision of video streaming public infrastructure that can serve the needs of all video streaming applications around the world, it is crucial for protocol governance to be driven by stakeholders that make the infrastructure possible in the first place.

An ideal governance system will distribute power to stakeholders that contribute to and enable the existence of the protocol allowing them to autonomously change protocol rules and parameters. Designing such a system that serves the needs of stakeholders in every possible future scenario at a single point in time is a herculean task and likely impractical."

However below at the roadmap they tell more about their plans.

 Admin Keys

DAO

Treasury

Token

Launch

Token allocation

Utility

Token Details

Stablecoin

Technology

How it works

"Livepeer is building peer-to-peer infrastructure that interacts through a marketplace, where Ethereum is used to coordinate the entire process and settle the payments."

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Privacy Method

Compliance

Their Other Projects

Roadmap

  • From this blog post (9-3-2020), for the full detail check the extensive post itself:

"1. Decentralization of Knowledge, LIPs and Polling

While at this stage stakeholders will still depend on the core developers to execute protocol changes and to safeguard user value if a protocol bug is discovered, these tools, processes and norms will help stakeholders better understand why and how a decision was made thereby creating more transparency and holding core developers more accountable to other stakeholders.

2. Extensible Governance System

The motivation behind this milestone is not to immediately implement a sophisticated binding voting system, but rather to establish the technical foundation that allows for a variety of sophisticated binding voting systems to be implemented in the future.

3. Binding Voting System

This milestone will enable stakeholders to coordinate changes to the protocol without any special privileges afforded to the core developers. There is a wide design space for binding voting systems. Some interesting areas of exploration include:

4. Future

The previous milestone will be the first time when stakeholders will be able to have full autonomous control over changes to the protocol smart contracts. However, the system deployed as a part of the previous milestone will likely still need to change over time. There are a number of interesting mechanisms to explore such as futarchy and quadratic voting. All of these mechanisms will be possible to experiment with and it will be up to the stakeholders to decide which ones best suit the governance needs of the protocol."

 Usage

"According to the company, there are already over 70,000 GPUs in the Livepeer network, which provides enough aggregated power to encode all video streaming through Twitch, YouTube, and Facebook combined."

  • From Our Network (5-6-2021):

"The number of minutes of input video streamed through the Livepeer network has grown to over 1,000,000 minutes/week, up from about 400,000 in March."

"December is already the highest usage month to date on the Livepeer video infrastructure network, with over 280,000 minutes of video streamed, over $2500 of fees paid by broadcasters to node operators, and over 100,000 LPT distributed to token holding network participants through staking and node operations through the first 15 days."

Projects that use or built on it

Competition

Pros and Cons

Team, Funding, Partners

Team

  • Doug Petkanics, founder & CEO
  • Raffi Sapire, Director of Operations
  • Eric Tang, founder & CTO
  • Joe West, technical Advisor
  • Has 32 employees (5-1-2022)

Funding

"Raised $20 million in funding in its Series B expansion. Livepeer announced its initial $20 million Series B in July 2021. The round was led by Digital Currency Group (DCG) with participation from previous investor Northzone, as well as Coinbase Ventures, CoinFund, Mike Dudas' 6th Man Ventures, and Warburg Serres. With the new funding, the company has raised a total of $48 million. New investors in this round include financier Alan Howard and investment firm Tiger Global, with participation from existing backers. The new round of financing also follows the acquisition of MistServer, the flexible content delivery technology which expanded Livepeer offerings to enable developers to build cost-effective and scalable streaming applications targeting such areas as entertainment, events, gaming, and eCommerce."

Partners

"On the web3 side, the file.video integration between Filecoin and Livepeer serves as a template for a decentralized Youtube, and allows users to upload videos to be ingested and transcoded by Livepeer, and stored on Filecoin for long term access and playback."

(:

Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31