Introduction
Staking livepeer can be a great option for those who want to hold LPT but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain livepeer (LPT) tokens
In order to stake livepeer, you need to have it. To obtain livepeer, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a livepeer wallet
Once you have LPT, you’ll need to choose a livepeer wallet to store your tokens. Here are some good options.
- 3
Delegate your LPT
We recommend using a staking pool when staking LPT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LPT, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the livepeer network. You’ll be rewarded with LPT for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
livepeer (LPT) is currently priced at $13.37, with a 24-hour trading volume of $57.67M. In the last 24 hours, livepeer has seen an increase to 3.44. The market cap of livepeer stands at $464.01M, with 32.51M in circulation. For those looking to buy or trade livepeer, reputable platforms like M2, Uphold, Kraken, Binance, OKX and Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $464.01M
- Volume
- $57.67M
- Circulating supply
- $32.51M
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