Where and How to Stake Livepeer (LPT)

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. 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
   Bitpanda	Livepeer (LPT)	10.42
   Uphold	Livepeer (LPT)	10.72
   Kraken	Livepeer (LPT)	10.41
   OKX	Livepeer (LPT)	10.44
   Binance	Livepeer (LPT)	10.72
   Coinbase	Livepeer (LPT)	10.45

   See all 23 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 good options.

   Platform	Coin	Staking rewards
   Binance	Livepeer (LPT)	Up to 14.9 APY

3. 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. 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.