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 might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Livepeer (LPT) Tokens

   To stake Livepeer, you first need to acquire it. To obtain Livepeer, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   PrimeXBT	Livepeer (LPT)	4.49 APY
   Binance	Livepeer (LPT)	4.5 APY
   BTSE	Livepeer (LPT)	4.51 APY
   Coinbase	Livepeer (LPT)	4.49 APY
   Kraken	Livepeer (LPT)	4.42 APY
   OKX	Livepeer (LPT)	3.82 APY

   See all 53 prices in Uganda

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 reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   Binance	Livepeer (LPT)	Up to 18.9% APY
   BTSE	Livepeer (LPT)	Up to 9.27% APY

   View all 5 staking rewards available.

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 collective of validators who combine their LPT, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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 Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.