How to Stake Livepeer (LPT): A Step-by-Step Guide

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 Guide

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.
Platform Coin Price
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. 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.
Platform Coin Staking rewards
Binance Livepeer (LPT) Up to 18.9% APY
BTSE Livepeer (LPT) Up to 9.27% APY
See all 5 staking rewards
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.

Platform	Coin	Price
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

Platform	Coin	Staking rewards
Binance	Livepeer (LPT)	Up to 18.9% APY
BTSE	Livepeer (LPT)	Up to 9.27% APY

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.