How to Stake Livepeer (LPT)

Introduction

Staking Livepeer can be an excellent choice for those looking to hold LPT while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Livepeer (LPT) Tokens

   To stake Livepeer, you must first acquire it. To obtain Livepeer, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Binance	Livepeer (LPT)	7.15 APY
   BTSE	Livepeer (LPT)	7.18 APY
   Coinbase	Livepeer (LPT)	7.17 APY
   Kraken	Livepeer (LPT)	7.16 APY
   OKX	Livepeer (LPT)	3.82 APY
   Uphold	Livepeer (LPT)	7.94 APY

   Check out all 52 prices

2. 2. Select a Livepeer Wallet

   Once you have LPT, you'll need to select a Livepeer wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   Binance	Livepeer (LPT)	Up to 18.9% APY
   BTSE	Livepeer (LPT)	Up to 9.27% APY

   Discover all 5 staking rewards available to you

3. 3. Delegate Your LPT

   We recommend using a staking pool when staking LPT. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their LPT, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   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. For these validations, you'll receive rewards in LPT.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.