How to Stake Livepeer (LPT) in Australia

Introduction

Staking Livepeer can be a great option for those who want to hold LPT while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Livepeer (LPT) Tokens

   To stake Livepeer, you need to own it. To obtain Livepeer, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   PrimeXBT	Livepeer (LPT)	3.13
   Binance	Livepeer (LPT)	3.14
   BTSE	Livepeer (LPT)	3.14
   Coinbase	Livepeer (LPT)	3.13
   Kraken	Livepeer (LPT)	3.13
   OKX	Livepeer (LPT)	3.82

   See all 53 prices

2. 2. Choose a Livepeer Wallet

   Once you have LPT, you'll need to choose a Livepeer wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Binance	Livepeer (LPT)	Up to 18.9% p.a.
   BTSE	Livepeer (LPT)	Up to 9.27% p.a.

   View all 5 staking rewards

3. 3. Delegate Your LPT

   We recommend using a staking pool when staking LPT. It's simpler and quicker to get started. A staking pool is a group of validators who combine their LPT, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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 to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.