Deposit Broadcasting Funds
If you are running Catalyst in onchain mode or using Livepeer Studio capacity will need to deposit funds used to pay the node operators on the network (orchestrators) responsible for transcoding your live video. Node operators get paid in a cryptocurrency called Ether (ETH).
Be sure that you safely store the private key of the wallet that your broadcaster is using
Note: If you do not want to manage your own funds onchain, Livepeer Studio offers a hosted API that accepts credit cards.
Since we're using the Arbitrum Rinkeby test network for this tutorial you'll need to acquire some free test ETH. You can get some here, or bridgeRinkeby ETH to Arbitrum Rinkeby using the Arbitrum bridge
Once you've acquired your test ETH, run the
livepeer_clibinary is provided when you install Catalyst.
This command starts the CLI interactive wizard which can be used to issue commands to be executed by your broadcaster node.
Select the following option:
Invoke "deposit broadcasting funds" (ETH)
Upon selecting the option, you should be prompted to enter the amount of ETH to allocate for broadcasting funds.
After answering the wizard’s prompt, you should see a transaction submitted by your node. After the transaction confirms, you can see your updated deposit and reserve by refreshing the wizard.
Congrats! Your broadcasting wallet is loaded up and you're ready to begin broadcasting.
About Broadcasting funds
Broadcasting funds are split into a deposit and a reserve. Deposit funds are used to pay any active orchestrator on the network. Reserve funds guarantee active orchestrators up to a fixed cap to ensure that orchestrators are paid fairly even if a broadcaster depletes its primary deposit. The distinction between the deposit and the reserve arises from the probabilistic micropayment protocol that broadcasters use to pay orchestrators - see this blog post for more details.