Livepeer is a decentralized video streaming and AI compute protocol built on Ethereum, enabling cost-efficient transcoding, broadcasting, and processing through a network of GPU-equipped Orchestrators incentivized by staking. It employs a delegated Proof-of-Stake (DPoS) consensus mechanism where LPT holders delegate tokens to Orchestrators for work assignment and verification via Merkle-based proofs, ensuring accurate job completion without full replication. At its core, Livepeer uses ETH for fees and LPT for staking, with inflation rewards adjusting dynamically based on participation to target optimal security. The dual-layer system separates transcoding from consensus, supporting
EVM-compatible
smart contracts for
dApp integrations like live events flanked by AI inference. Governed by LPT holders via on-chain voting, it democratizes video infrastructure, slashing costs by 80% versus centralized providers while fostering scalability for
Web3 media.
When Did Livepeer Launch?
Livepeer was founded in 2017 by Doug Petkanics and Eric Tang to decentralize video streaming, launching its mainnet and LPT token in February 2018. Early focus was on Ethereum-based transcoding, with key milestones including 2019 Orchestrator incentives rollout, 2021 GPU marketplace expansion, and 2023 AI processing integrations. In 2025, partnerships boosted adoption, cementing its role in a $100B+ streaming market.
What Are the Key Features of Livepeer?
Livepeer excels with DPoS for efficient GPU allocation and Merkle verification of transcodes, dynamic inflation targeting 7% staking APY, and ETH/LPT dual-token for fees and security. Its EVM compatibility enables seamless dApp builds, alongside bridges for multi-chain support. Additional features include
DAO governance for parameters, developer APIs for video/AI tools, and a compliant ecosystem for RWAs and tokenized media, all audited with multi-sig treasuries.
What Is LPT Used For?
LPT is used for staking orchestrators for network security and rewards sharing, paying protocol fees for transcoding jobs (via delegation), participating in DAO governance on inflation and upgrades, providing liquidity in pools for enhanced yields, bridging multi-chain assets, deploying video/AI dApps, and accessing incentives like grants and airdrops for contributors.
What Is the LPT Token Utility?
LPT secures the network through DPoS delegation and slashing for malicious acts, powers governance with voting on rounds and treasury, incentivizes Orchestrators via inflation rewards, enables yield farming on fees, supports cross-chain video ops, and funds development through treasury for audits and expansions.
What Blockchain Does Livepeer Operate On?
Livepeer is an Ethereum-based protocol with ERC-20 LPT token, using DPoS consensus for video-specific validation. It integrates oracles for off-chain compute and bridges to other chains, with Ethereum handling settlement while enabling multi-chain liquidity without external dependencies.
What Are LPT Tokenomics?
LPT has a
total supply of approximately 47 million tokens, with dynamic inflation (0-20% annually, adjusted by staking ratio) funding rewards. As of December 2025, circulating supply is approximately 33.3 million. Allocation: 40% to community rewards, 30% to delegation incentives, 15% to team (vested), 10% to ecosystem grants, 5% to treasury. Deflationary via fee burns, rewards distribute 50% to delegators, 30% to Orchestrators, 20% to treasury, promoting participation without hyperinflation.
How To Securely Store LPT
LPT works with the most popular crypto wallets that support EVM-based assets. The easiest way to engage with LPT is through
BingX Spot Market where users can buy, sell, and hold tokens securely without managing private keys or additional wallet setups. This approach offers exchange-level security, a custodial wallet service, and instant trading access, making it convenient for new and experienced users alike. This token is also compatible with leading self-custody wallets such as
MetaMask and
Trust Wallet along with other major EVM-compatible wallets and hardware options like
Ledger. These wallets give users full control over their private keys and allow direct participation in decentralized applications, platform features, staking, governance, and cross-network transactions within the Livepeer ecosystem. By adding the Ethereum network and importing the LPT token using its contract address, users can enjoy secure and seamless access to all platform utilities and rewards.
Is LPT a Good Investment?
LPT is one of the most efficient DePIN plays for video and AI: DPoS GPUs slashing streaming costs by 80%, dynamic inflation capping at sustainable yields, and real-world partnerships turning media into crypto-native income without centralization risks. In 2025, DePIN TVL exploded past $10B, Livepeer's institutional integrations onboarded major streams, 33M circulating supply stabilized with burns, and 7% APY epochs reward stakers reliably. The 47M cap and DAO steering keep it adaptive. It's vying with competitors in compute but with video's $100B edge, and GPU shortages could spike fees, but if decentralized media powers Web3's content boom, LPT's protocol layer is primed for exponential network effects. As always, only invest what you can afford to lose and do your own research.