Machine-readable term index: glossary-data.json
Livepeer Protocol Terms
Active Set
Active Set
Definition: The protocol-defined set of orchestrators ranked highly enough by bonded stake to receive work and earn rewards for the round.Also known as: Active set electionContext: Orchestrators must be in the Active Set to participate in reward calling and job routing; the set is re-elected at the start of each round based on cumulative stake.Status: currentPages:
lpt/staking, lpt/protocolActive Set Election <Badge color='yellow'>draft</Badge>
Active Set Election <Badge color='yellow'>draft</Badge>
Definition: The round-by-round process that determines which orchestrators are in the Active Set based on bonded stake and protocol rules.Context: Active Set Election runs deterministically from the BondingManager’s stake rankings; orchestrators that fall out of the active set between rounds do not earn inflationary rewards for that round.Status: draftPages:
lpt/staking, lpt/protocolCheckpoint
Checkpoint
Definition: An on-chain snapshot of stake state recorded by the BondingVotes contract, used as the reference point for governance voting power calculations.Context: Checkpoints are written each round so that governance votes can reference stake at the block when a proposal was created, preventing manipulation by bonding immediately before a vote.Status: currentPages:
lpt/protocol, lpt/contractsClaim Earnings
Claim Earnings
Definition: The on-chain action a delegator or orchestrator takes to collect accumulated inflationary LPT rewards and ETH fees that have been assigned to their stake.Context: Earnings accumulate through pending reward pools and must be explicitly claimed; claiming through the BondingManager updates the delegator’s bonded balance.Status: currentPages:
lpt/staking, lpt/delegationDelegation Model <Badge color='yellow'>draft</Badge>
Delegation Model <Badge color='yellow'>draft</Badge>
Definition: Livepeer’s delegated proof-of-stake system in which token holders choose orchestrators to delegate stake to, earning rewards without running infrastructure.Context: The delegation model separates capital provision (delegators) from operational work (orchestrators), enabling a broad token holder base to participate in network security proportionally to their stake.Status: draftPages:
lpt/delegationInflation
Inflation
Definition: The dynamic issuance of new LPT each round, distributed to active orchestrators and delegators proportional to their bonded stake.Context: Livepeer’s inflation mechanism adjusts the per-round mint rate (Inflation Adjustment) up or down by 0.00005% per round to push the Bonding Rate toward the 50% Target Bonding Rate.Status: currentPages:
lpt/inflation, lpt/economicsLIP (Livepeer Improvement Proposal)
LIP (Livepeer Improvement Proposal)
Definition: A formal design document proposing changes to the Livepeer protocol, governance, or ecosystem, analogous to Ethereum’s EIP process.Context: LIPs must follow a defined process — draft, discussion, formal proposal on-chain, community vote — before being implemented; key examples include LIP-89 (on-chain governance) and LIP-91/92 (treasury).Status: currentPages:
lpt/governance, lpt/protocolLPT (Livepeer Token)
LPT (Livepeer Token)
Definition: The ERC-20 governance and staking token used to coordinate, incentivize, and secure the Livepeer Network; staked LPT determines orchestrator selection, work allocation, and reward distribution.Also known as: Livepeer TokenContext: LPT is the foundational cryptoeconomic primitive of the protocol — it serves simultaneously as a staking bond (security), a governance weight (voting power), and an inflation-distributed reward token.Status: currentPages:
lpt/staking, lpt/economics, lpt/governance, lpt/tokenomicsOn-chain Treasury
On-chain Treasury
Definition: A smart-contract-governed pool of LPT funded by a percentage of inflation and disbursed through community-approved governance proposals for ecosystem development.Also known as: Community TreasuryContext: The On-chain Treasury was established by LIP-91/92 and is administered via LivepeerGovernor; it enables the community to fund SPEs, grants, and other public goods without relying on Livepeer Inc.Status: currentPages:
lpt/treasury, lpt/governanceOperator Market
Operator Market
Definition: The competitive ecosystem of orchestrators offering differentiated services to gateways and delegators, distinguished by price, performance, reliability, and commission rates.Context: The operator market is Livepeer’s two-sided marketplace dynamic — delegators allocate stake to orchestrators they trust, creating economic incentives for operators to compete on quality and price.Status: currentPages:
lpt/staking, lpt/economicsPayment Ticket
Payment Ticket
Definition: A signed off-chain data structure sent from a gateway to an orchestrator representing a probabilistic payment redeemable on-chain for ETH if it is a winning ticket.Context: Payment tickets are the mechanism by which gateways pay orchestrators without incurring on-chain gas fees per job; only the rare winning tickets are submitted to the TicketBroker contract.Status: currentPages:
lpt/payments, lpt/protocolPer Round
Per Round
Definition: The Livepeer protocol’s fundamental time unit, approximately equal to one day of Ethereum blocks; reward minting, activations, and delegator earnings accrue on a per-round basis.Tags:
livepeer:economicsContext: Key unit for orchestrator reward calculations, delegator stake checkpoints, and LPT inflation scheduling.Status: currentPages: lpt/protocol, lpt/stakingQuorum
Quorum
Definition: The minimum percentage of total participating bonded stake required for a governance vote to produce a binding result.Context: Livepeer’s on-chain governance requires a quorum threshold to be met before a proposal outcome is valid; if quorum is not reached, the proposal fails regardless of the for/against split.Status: currentPages:
lpt/governanceReward Call
Reward Call
Definition: The on-chain transaction that an active orchestrator must submit each round to mint the round’s inflationary LPT allocation and distribute it to themselves and their delegators.Context: Reward calling is optional per round but forfeits that round’s rewards if skipped; many orchestrators automate reward calling with monitoring tools to avoid missing rounds.Status: currentPages:
lpt/staking, lpt/protocolReward Calling <Badge color='yellow'>draft</Badge>
Reward Calling <Badge color='yellow'>draft</Badge>
Definition: The operational practice of regularly submitting the reward transaction on-chain each round to mint and distribute inflationary LPT to an orchestrator and their delegators.Context: Reward calling is a critical orchestrator responsibility; missing rounds forfeits that round’s inflation permanently. Automated tools and community watchers help orchestrators avoid missed calls.Status: draftPages:
lpt/staking, lpt/protocolRound
Round
Definition: A discrete time interval measured in Ethereum/Arbitrum blocks during which staking rewards are calculated, active sets are determined, and protocol state advances.Context: A Livepeer round is approximately 5,760 Arbitrum blocks (roughly one day); reward calls, active set elections, and inflation adjustments all occur on round boundaries.Status: currentPages:
lpt/protocol, lpt/stakingSlashing
Slashing
Definition: A penalty mechanism that destroys a portion of an orchestrator’s bonded LPT stake as punishment for protocol violations such as failing verification or underperforming.External: Proof of stake — ethereum.orgStatus: currentPages:
lpt/protocol, lpt/securityThawing Period
Thawing Period
Definition: The mandatory waiting period after initiating an unbond before the freed LPT becomes withdrawable to the holder’s wallet.Context: The thawing period is a security mechanism that prevents delegators from immediately withdrawing stake after misbehavior, giving the protocol time to apply any pending slashing.Status: currentPages:
lpt/staking, lpt/delegationVoting Power
Voting Power
Definition: The weight of a participant’s vote in Livepeer on-chain governance, determined by their total bonded LPT stake at the block when the proposal was created.Context: Voting power in Livepeer is stake-weighted, not one-token-one-vote; delegators can override their orchestrator’s vote with their own stake-proportional vote via vote detachment.Status: currentPages:
lpt/governance, lpt/stakingLivepeer Contracts
BondingManager
BondingManager
Definition: The core Livepeer smart contract managing all bonding, delegation, stake accounting, and fund ownership logic.Context: BondingManager is the authoritative on-chain source for stake balances, reward-cut parameters, and delegator relationships; it is called during reward calls and unbonding.Status: currentPages:
lpt/contracts, lpt/stakingBondingVotes
BondingVotes
Definition: The Livepeer smart contract that tracks historical stake snapshots for governance, enabling stake-weighted voting power to be calculated at any past checkpoint.Context: BondingVotes implements the ERC-5805 checkpoint standard and feeds bonded stake data into LivepeerGovernor for on-chain proposal votes.Status: currentPages:
lpt/contracts, lpt/governanceGovernor
Governor
Definition: The Livepeer smart contract that executes approved governance proposals after a Timelock delay, enforcing parameter changes and treasury spending on-chain.Also known as: LivepeerGovernorContext: Governor (LivepeerGovernor) is based on OpenZeppelin’s Governor framework and reads voting power from BondingVotes; it is the authoritative contract for all on-chain protocol governance.Status: currentPages:
lpt/contracts, lpt/governanceL1 Escrow
L1 Escrow
Definition: The Ethereum mainnet contract that holds LPT in escrow during cross-chain bridging to Arbitrum, locking L1 tokens as L2 equivalents are minted on Arbitrum.Context: The L1 Escrow pairs with L2LPTGateway to form the canonical LPT bridge; tokens bridged to Arbitrum are locked in L1 Escrow until bridged back.Status: currentPages:
lpt/bridging, lpt/arbitrumL2LPTGateway
L2LPTGateway
Definition: The bridge contract deployed on Arbitrum that enables LPT token transfers between Ethereum L1 and Arbitrum L2.Context: L2LPTGateway is the on-chain entry point for bridging LPT to Arbitrum, where Livepeer’s staking and governance contracts live; it pairs with an L1 Escrow contract on Ethereum mainnet.Status: currentPages:
lpt/bridging, lpt/arbitrumLivepeerGovernor
LivepeerGovernor
Definition: The OpenZeppelin-based on-chain governor contract for Livepeer that enables stake-weighted voting on protocol proposals using checkpointed BondingVotes data.Also known as: GovernorContext: LivepeerGovernor was introduced in LIP-89 and is the authoritative contract for all binding on-chain governance decisions affecting the Livepeer protocol and treasury.Status: currentPages:
lpt/contracts, lpt/governanceMinter
Minter
Definition: The Livepeer smart contract responsible for minting new LPT tokens during reward calls and for holding ETH accumulated from winning probabilistic micropayment tickets.Also known as: Minter contractContext: The Minter is called by the BondingManager at the start of each round’s first reward call to calculate and mint the round’s inflationary LPT allocation.Status: currentPages:
lpt/contracts, lpt/inflationRoundsManager
RoundsManager
Definition: The Livepeer smart contract that tracks round progression, stores the current round number, and coordinates round-based protocol state transitions.Context: RoundsManager is called at the start of each round initialization and interacts with BondingManager and Minter to trigger reward distribution and inflation calculation.Status: currentPages:
lpt/contracts, lpt/protocolLivepeer Roles and Entities
Delegator
Delegator
Definition: A token holder who bonds LPT to an orchestrator in order to secure the network, earn a share of rewards and fees, and participate in on-chain governance.Context: Delegators do not need to run infrastructure; they earn yield proportional to their bonded stake minus the orchestrator’s commission rate, and their voting power equals their bonded stake.Status: currentPages:
lpt/delegation, lpt/stakingGateway
Gateway
Definition: A protocol node that submits jobs to the network, routes work to orchestrators, manages payment flows, and serves as the interface between applications and the Livepeer Protocol.Context: In the LPT context, gateways pay ETH fees to orchestrators for work, which then flow through to delegators; gateways are the demand side of the two-sided marketplace.Status: currentPages:
lpt/protocol, lpt/architectureLivepeer Explorer
Livepeer Explorer
Definition: The official Livepeer protocol explorer for viewing on-chain state including orchestrator information, staking data, delegator positions, and governance proposals.Context: Livepeer Explorer is the primary UI for delegators to bond, unbond, claim earnings, and vote on governance proposals without interacting directly with contracts.Status: currentPages:
lpt/stakingLivepeer Foundation
Livepeer Foundation
Definition: The non-profit Cayman Islands Foundation Company that stewards Livepeer’s long-term vision, ecosystem growth, grant programs, and core protocol development.Context: The Livepeer Foundation holds a mandate from the community to coordinate SPEs, manage the governance process alongside GovWorks, and represent the ecosystem externally.Status: currentPages:
lpt/governance, lpt/ecosystemOrchestrator
Orchestrator
Definition: A supply-side operator that contributes GPU resources, receives jobs from gateways, performs transcoding or AI inference, earns ETH fees, and distributes inflationary LPT rewards to their delegators.Context: Orchestrators are the active participants in Livepeer’s protocol; their total bonded stake (own + delegated) determines their place in the Active Set and their proportional reward share.Status: currentPages:
lpt/staking, lpt/protocolSPE (Special Purpose Entity)
SPE (Special Purpose Entity)
Definition: A treasury-funded organizational unit with a defined scope, budget, and accountability period, used to execute specific ecosystem development tasks.Context: SPEs are the primary mechanism through which the Livepeer treasury funds ongoing work; each SPE submits a proposal, receives staged funding, and reports progress back to the community via the governance forum.Status: currentPages:
lpt/governance, lpt/treasuryTokenomics and Staking Terms
Bonding
Bonding
Definition: The act of locking (staking) LPT tokens to an orchestrator in Livepeer’s delegated proof-of-stake system.Context: Bonding is the primary mechanism by which delegators participate in the protocol — bonded LPT secures the network, confers governance weight, and entitles the holder to a proportional share of inflationary rewards and ETH fees.Status: currentPages:
lpt/staking, lpt/delegationBonded Stake
Bonded Stake
Definition: The total amount of LPT currently locked across the network through active bonding relationships between delegators and orchestrators.Also known as: StakeContext: Bonded stake is the aggregate input to Livepeer’s economic weight calculations; a higher bonded stake means a higher bonding rate and lower inflation.Status: currentPages:
lpt/staking, lpt/protocolBonding Rate (beta)
Bonding Rate (beta)
Definition: The ratio of total bonded LPT to total token supply; Livepeer targets a 50% participation rate.Context: The current bonding rate (beta) is the live metric compared against the Target Bonding Rate to determine whether inflation should increase or decrease each round.Status: currentPages:
lpt/economics, lpt/inflationBonding Rate Target <Badge color='yellow'>draft</Badge>
Bonding Rate Target <Badge color='yellow'>draft</Badge>
Definition: The 50% threshold used by the inflation model as the reference point to determine whether per-round issuance should increase or decrease.Context: Equivalent to Target Bonding Rate; some documentation uses this form when referring to the model parameter rather than the current observed rate.Status: draftPages:
lpt/economics, lpt/inflationCapital-backed Sybil Resistance
Capital-backed Sybil Resistance
Definition: A security mechanism where staking capital is required to participate, making Sybil attacks economically costly because each fake identity must fund real stake.External: Proof of stake — ethereum.orgStatus: currentPages:
lpt/security, lpt/protocolCapital Efficiency
Capital Efficiency
Definition: The degree to which staked capital generates productive returns through protocol inflation rewards, ETH fees, or work allocation.External: Cryptoeconomics — WikipediaStatus: currentPages:
lpt/economics, lpt/stakingConcentration Risk
Concentration Risk
Definition: The risk arising when a disproportionate share of total bonded stake is held by a small number of orchestrators, reducing network decentralization and resilience.External: Proof of stake — WikipediaStatus: currentPages:
lpt/staking, lpt/securityDelegation
Delegation
Definition: The act of LPT holders staking their tokens toward orchestrators they trust, sharing proportionally in rewards without running any infrastructure themselves.Context: Delegation is the primary way for passive LPT holders to participate in network security and earn yield; delegators can redelegate or unbond at any time subject to the thawing period.Status: currentPages:
lpt/delegation, lpt/stakingDilution
Dilution
Definition: The reduction in proportional ownership experienced by non-staking token holders when new LPT is minted each round through inflation.Context: Delegators and orchestrators avoid dilution by bonding; unbonded LPT holders see their ownership percentage decrease as inflationary rewards are distributed only to active participants.Status: currentPages:
lpt/inflation, lpt/economicsDilution Protection <Badge color='yellow'>draft</Badge>
Dilution Protection <Badge color='yellow'>draft</Badge>
Definition: The benefit that active stakers receive by bonding — because inflationary rewards accrue only to bonded participants, stakers maintain their proportional ownership while non-stakers are diluted.Context: Dilution protection is the primary economic argument for delegating LPT; an unbonded holder loses ownership percentage each round as new tokens are distributed to active participants.Status: draftPages:
lpt/economics, lpt/inflationEconomic Weight
Economic Weight
Definition: An orchestrator’s total active bonded stake, which determines their proportional share of inflationary rewards and their probability of being selected for job routing.Context: Economic weight is central to Livepeer’s security model — orchestrators with more delegated stake have higher economic weight and receive more work and rewards.Status: currentPages:
lpt/economics, lpt/protocolIssuance
Issuance
Definition: The minting of new LPT tokens each round as the mechanism for distributing inflationary rewards to protocol participants.Context: Total LPT issuance per round equals inflation rate multiplied by current total supply; it flows first to orchestrators who called reward, then to their delegators proportionally.Status: currentPages:
lpt/inflation, lpt/economicsLiquidity Risk
Liquidity Risk
Definition: The risk that bonded LPT tokens cannot be quickly converted to liquid assets due to the mandatory unbonding period before withdrawal.External: Liquidity risk — WikipediaStatus: currentPages:
lpt/staking, lpt/economicsNon-custodial
Non-custodial
Definition: A staking model in which users retain control of their private keys and token ownership while their LPT is bonded, so they are never required to transfer custody to a third party.External: Proof of stake — ethereum.orgStatus: currentPages:
lpt/staking, lpt/securityRebond
Rebond
Definition: The action of moving bonded LPT stake from one orchestrator to a different orchestrator without going through the unbonding thawing period.Context: Rebonding (also called redelegation in some contexts) lets delegators switch orchestrators immediately, keeping their LPT in the active bonded state and avoiding the 7-round thawing period.Status: currentPages:
lpt/staking, lpt/delegationStake
Stake
Definition: LPT bonded to an orchestrator through the protocol, representing a commitment that secures the network and determines the holder’s proportional share of rewards and governance power.Also known as: Bonded stakeContext: Stake is the core unit of participation in Livepeer — all economic weight, voting power, and reward distribution derive from how much LPT is staked to active orchestrators.Status: currentPages:
lpt/staking, lpt/protocolStaking
Staking
Definition: The act of locking tokens in a proof-of-stake protocol to participate in network security, governance, and earn inflationary rewards and fee income.External: Proof of stake — ethereum.orgStatus: currentPages:
lpt/stakingSupply
Supply
Definition: The total number of LPT tokens in existence at any given time, starting from a genesis supply of 10 million and growing continuously through inflationary issuance.Context: Total supply growth is governed by the per-round inflation rate; because inflation is distributed only to active stakers, non-stakers experience dilution as supply increases.Status: currentPages:
lpt/economics, lpt/tokenomicsTarget Bonding Rate
Target Bonding Rate
Definition: The 50% participation threshold for the ratio of bonded LPT to total supply; the inflation mechanism adjusts the per-round issuance rate to push toward this target.Context: The Target Bonding Rate is the equilibrium point of Livepeer’s inflation model — if bonding rate is below 50%, inflation rises to incentivize more staking; if above, inflation falls.Status: currentPages:
lpt/economics, lpt/inflationToken Distribution <Badge color='yellow'>draft</Badge>
Token Distribution <Badge color='yellow'>draft</Badge>
Definition: The allocation and dispersal of LPT tokens across founders, team, investors, and the public through mechanisms including the Merkle Mine, vesting schedules, and inflationary issuance.Context: Livepeer’s initial token distribution used a combination of team/investor allocations with vesting and the open Merkle Mine; ongoing distribution occurs through per-round inflation to active stakers.Status: draftPages:
lpt/tokenomics, lpt/historyTokenomics
Tokenomics
Definition: The economic design of the LPT token system encompassing total supply, genesis distribution, inflation schedule, staking incentives, governance rights, and deflationary mechanisms.External: Cryptoeconomics — WikipediaStatus: currentPages:
lpt/tokenomicsUnbonding
Unbonding
Definition: The process by which a delegator or orchestrator initiates withdrawal of bonded LPT from the protocol, triggering the mandatory thawing period before tokens become liquid.Also known as: Unbonding periodContext: Unbonding does not immediately return LPT to the wallet; tokens remain locked for the thawing period, during which they can still be rebonded but earn no new rewards.Status: currentPages:
lpt/staking, lpt/delegationVesting
Vesting
Definition: A schedule controlling when token allocations — such as founder or team grants — become available over time, often with an initial cliff period followed by pro-rata release.External: Vesting — WikipediaStatus: currentPages:
lpt/tokenomics, lpt/historyEconomic and Reward Terms
Commission Rate
Commission Rate
Definition: The combined percentage of inflationary rewards and ETH fees that an orchestrator retains before distributing the remainder to delegators.Context: Commission rate is expressed as two separate parameters — reward cut and fee cut — which orchestrators can update between rounds.Status: currentPages:
lpt/staking, lpt/economicsETH Fees
ETH Fees
Definition: Ether paid by gateways to orchestrators as compensation for completed transcoding or AI inference work, with a configurable portion shared to delegators.Context: ETH fees are the demand-side revenue stream in Livepeer’s dual-token model; orchestrators earn fees from work and LPT from inflation, passing both to delegators at their configured commission rates.Status: currentPages:
lpt/economics, lpt/paymentsFee Cut
Fee Cut
Definition: The complementary way to describe the ETH fee split: the percentage retained by the orchestrator rather than the portion shared to delegators.Also known as: Complement of fee shareContext: Delegator-facing current Livepeer Explorer surfaces use Fee Share rather than Fee Cut. This glossary keeps Fee Cut as the complementary retained-share concept so older discussions and protocol-level reasoning still make sense.Status: currentPages:
lpt/staking, lpt/economicsFee Pool
Fee Pool
Definition: The accumulated ETH fees earned by an orchestrator from completed work in a given round, split between the orchestrator and their delegators according to the configured fee split.Context: The fee pool is distinct from the inflationary reward pool; it originates from gateway payments for real work performed, making it the demand-driven complement to inflation-driven rewards.Status: currentPages:
lpt/staking, lpt/economicsFee Share
Fee Share
Genesis Supply
Genesis Supply
Definition: The initial 10 million LPT tokens created at protocol launch and distributed via the Merkle Mine mechanism.Context: The genesis supply was the starting point for LPT tokenomics; total supply has grown from 10M through inflation since the mainnet launch in 2018.Status: currentPages:
lpt/tokenomics, lpt/historyInflation Adjustment (alpha)
Inflation Adjustment (alpha)
Definition: The fixed per-round rate (0.00005%) by which the inflation rate increases or decreases based on whether the current Bonding Rate is below or above the Target Bonding Rate.Also known as: alphaContext: The inflation adjustment parameter ensures the system self-corrects: when fewer than 50% of LPT is bonded, inflation rises to attract stakers; when more is bonded, inflation falls.Status: currentPages:
lpt/inflation, lpt/economicsInflation Model <Badge color='yellow'>draft</Badge>
Inflation Model <Badge color='yellow'>draft</Badge>
Definition: Livepeer’s algorithmic mechanism that adjusts the per-round LPT issuance rate dynamically based on the gap between the current Bonding Rate and the 50% Target Bonding Rate.Context: The inflation model was designed so the protocol is self-regulating — no manual parameter changes are needed; the Inflation Adjustment (alpha) automatically nudges issuance each round.Status: draftPages:
lpt/inflation, lpt/economicsInflation Rate
Inflation Rate
Definition: The per-round percentage of the total LPT supply that is newly minted and distributed to active orchestrators and delegators.Context: The inflation rate adjusts dynamically each round via the Inflation Adjustment mechanism; it is not a fixed annual rate but rather a per-round rate compounded over approximately 5,760 rounds per year.Status: currentPages:
lpt/inflation, lpt/economicsInflationary Rewards
Inflationary Rewards
Definition: Newly minted LPT tokens distributed each round proportionally to active orchestrators and their delegators based on bonded stake.Context: Inflationary rewards are the supply-side incentive for participation; orchestrators must call the reward function each round to mint and distribute them, otherwise that round’s allocation is forfeited.Status: currentPages:
lpt/inflation, lpt/stakingPending Rewards <Badge color='yellow'>draft</Badge>
Pending Rewards <Badge color='yellow'>draft</Badge>
Definition: Inflationary LPT and ETH fees that have been earned through staking but not yet claimed by calling the claim earnings function.Context: Pending rewards accumulate each round an orchestrator calls reward; delegators do not need to claim every round but must claim before certain actions (such as moving stake) to avoid losing accrued amounts.Status: draftPages:
lpt/staking, lpt/delegationPrice Per Pixel
Price Per Pixel
Definition: The fundamental pricing unit for Livepeer transcoding work, expressed as the cost in wei for processing one pixel of video.Context: Price per pixel allows standardized comparison between orchestrators regardless of resolution or bitrate; gateways filter orchestrators by MaxPrice, and orchestrators advertise their pricePerUnit.Status: currentPages:
lpt/economics, lpt/pricingReward Cut
Reward Cut
Definition: The percentage of inflationary LPT rewards that an orchestrator retains before distributing the remainder proportionally to their delegators.Context: Reward cut is set by the orchestrator and can range from 0% to 100%; a 10% reward cut means delegators collectively receive 90% of the round’s inflationary reward pool proportional to their stake.Status: currentPages:
lpt/staking, lpt/economicsUSD (United States Dollar)
USD (United States Dollar)
Definition: The official currency of the United States; used as the reference denomination for Livepeer gateway fees, grant amounts, treasury allocations, and market data.Tags:
economic:currencyExternal: WikipediaStatus: currentPages: lpt/economics, lpt/governanceYield
Yield
Definition: The annualized return on staked LPT expressed as a percentage, combining inflationary LPT rewards and any ETH fee share earned through the bonded orchestrator.Context: Yield for delegators varies by orchestrator commission rates, the current inflation rate, and the total bonded supply; the Livepeer documentation provides yield calculators for delegators.Status: currentPages:
lpt/staking, lpt/economicsTreasury Terms
Community Treasury
Community Treasury
Definition: The on-chain fund governed by LPT stakeholders via LivepeerGovernor, funded by a governable percentage of per-round inflation.Context: The Community Treasury receives a configurable Treasury Reward Cut Rate of inflation each round and is spent via governance-approved proposals for ecosystem development.Status: currentPages:
lpt/treasury, lpt/governanceFee Switch
Fee Switch
Definition: A governance-controlled mechanism that enables or adjusts the redirection of protocol fees to the community treasury or other designated destinations.Context: The fee switch is a proposed parameter change subject to on-chain governance; enabling it would direct a portion of ETH fees to the treasury rather than solely to orchestrators and delegators.Status: currentPages:
lpt/economics, lpt/governanceProposer Bond
Proposer Bond
Definition: The minimum bonded LPT balance (100 LPT) required to submit a formal on-chain governance proposal.Context: The proposer bond deters spam proposals by requiring skin-in-the-game from proposal authors; it does not lock additional tokens — the proposer simply needs at least 100 LPT bonded.Status: currentPages:
lpt/governance, lpt/proposalsQuadratic Funding
Quadratic Funding
Definition: A public goods funding mechanism where matching funds amplify small individual contributions so that projects with broad community support receive disproportionately larger allocations.External: Quadratic voting — WikipediaStatus: currentPages:
lpt/treasury, lpt/proposalsRetroactive Funding
Retroactive Funding
Definition: A funding model that rewards past contributions or completed projects based on demonstrated impact, reducing speculative risk for the treasury.External: Optimism retroactive public goods fundingStatus: currentPages:
lpt/treasury, lpt/proposalsTreasury
Treasury
Definition: The on-chain pool of LPT and ETH held in protocol smart contracts for funding public goods, SPEs, grants, and ecosystem development through community governance.Context: The Livepeer treasury is funded by the Treasury Reward Cut Rate and governed by LPT stakeholders through LivepeerGovernor; it is the successor to centralized foundation grants.Status: currentPages:
lpt/treasury, lpt/governanceTreasury Allocation
Treasury Allocation
Definition: A governance-approved distribution of treasury funds to a specific proposal, SPE, or grant recipient.Context: Treasury allocations are enacted via on-chain proposals that pass through the LivepeerGovernor voting process and execute after the Timelock delay; they typically fund SPEs in milestone tranches.Status: currentPages:
lpt/treasury, lpt/governanceTreasury Governance <Badge color='yellow'>draft</Badge>
Treasury Governance <Badge color='yellow'>draft</Badge>
Definition: The on-chain process by which LPT stakeholders propose, vote on, and execute allocation of community treasury funds for ecosystem development.Context: Treasury governance uses the LivepeerGovernor contract; proposals require a Proposer Bond, pass through a voting period, meet Quorum, and execute after a Timelock delay.Status: draftPages:
lpt/treasury, lpt/governanceTreasury Reward Cut Rate
Treasury Reward Cut Rate
Definition: The governable percentage of per-round inflationary LPT that is diverted to the community treasury instead of being distributed directly to orchestrators and delegators.Context: The Treasury Reward Cut Rate is set via governance (currently 10%); it is deducted from the round’s total inflation before the remainder flows to active participants through reward calls.Status: currentPages:
lpt/treasury, lpt/economicsveLPT (Vote-Escrowed LPT) <Badge color='yellow'>draft</Badge>
veLPT (Vote-Escrowed LPT) <Badge color='yellow'>draft</Badge>
Definition: A proposed mechanism that would allow LPT holders to lock tokens for an extended period in exchange for enhanced governance voting power, aligning long-term incentives.Context: veLPT is a governance proposal (not yet implemented) inspired by Curve Finance’s veToken model; it would give long-term committed holders outsized influence relative to short-term holders.Status: draftPages:
lpt/governance, lpt/proposalsGovernance Terms
Atomic Execution
Atomic Execution
Definition: A guarantee that a set of on-chain operations either all succeed or none execute, preventing partial state changes.External: Atomic commit — WikipediaStatus: currentPages:
lpt/governance, lpt/contractsGovernance
Governance
Definition: The on-chain system of rules and processes by which LPT stakeholders make decisions about protocol changes, treasury spending, and parameter updates through token-weighted voting.External: Livepeer governance wikiStatus: currentPages:
lpt/governance, lpt/protocolGovernance Forum
Governance Forum
Definition: The Forum’s governance category at forum.livepeer.org where LIPs, pre-proposals, and protocol governance discussions take place before on-chain voting.Context: The Governance Forum is the primary off-chain deliberation space; proposals typically spend time in Forum discussion before being formalized as on-chain LIPs.Status: currentPages:
lpt/governanceStake-Weighted
Stake-Weighted
Definition: A mechanism where each participant’s voting power, reward allocation, or selection probability is proportional to their staked token balance rather than equal per-participant.Tags:
livepeer:governanceContext: Used in Livepeer governance votes, orchestrator selection, and reward distribution — delegators with more staked LPT have proportionally greater influence.Status: currentPages: lpt/governance, lpt/stakingStake-Weighted Voting
Stake-Weighted Voting
Definition: A governance voting system in which each participant’s vote counts in proportion to their total bonded LPT stake rather than one-address-one-vote.External: Livepeer governance wikiStatus: currentPages:
lpt/governanceTimelock
Timelock
Definition: A smart contract mechanism that enforces a mandatory delay between when a governance proposal passes and when it can be executed on-chain.Context: The Timelock in LivepeerGovernor gives the community time to review approved changes before they take effect, providing a safety window to react to malicious or erroneous proposals.Status: currentPages:
lpt/governance, lpt/contractsVote Detachment
Vote Detachment
Definition: The ability for a delegator to override their orchestrator’s governance vote with their own individual stake-weighted vote on a specific proposal.Context: Vote detachment ensures delegators retain final governance authority even when their stake is bonded to an orchestrator; the orchestrator’s vote applies only to stake whose delegators have not individually voted.Status: currentPages:
lpt/governanceWeb3 and Infrastructure Terms
Arbitrum One
Arbitrum One
Definition: A Layer 2 Optimistic Rollup that settles to Ethereum, processing transactions off-chain while inheriting Ethereum-grade security guarantees.External: Arbitrum documentationStatus: currentPages:
lpt/protocol, lpt/bridgingBridge
Bridge
Definition: Infrastructure connecting two blockchain ecosystems that enables token and information transfer between them.External: Bridges — ethereum.orgStatus: currentPages:
lpt/bridging, lpt/arbitrumBridging
Bridging
Definition: The process of moving LPT tokens between Ethereum L1 and Arbitrum L2 using the canonical bridge contracts.Context: LPT must be bridged to Arbitrum to participate in Livepeer staking; bridging is handled via the L2LPTGateway contract and the canonical Arbitrum bridge.Status: currentPages:
lpt/bridging, lpt/arbitrumMerkle Mine
Merkle Mine
Definition: Livepeer’s decentralized token distribution algorithm used at genesis, where eligible Ethereum addresses could claim LPT by submitting Merkle proofs.Context: The Merkle Mine was used to distribute genesis supply broadly across the Ethereum community without a traditional ICO, forming the initial base of LPT holders.Status: currentPages:
lpt/tokenomics, lpt/historyProof-of-Stake
Proof-of-Stake
Definition: A blockchain consensus mechanism where validators stake cryptocurrency as collateral to propose and validate blocks, replacing the energy-intensive Proof-of-Work model.External: Proof of stake — ethereum.orgStatus: currentPages:
lpt/protocolUSDT (Tether)
USDT (Tether)
Definition: A US-dollar-pegged ERC-20 stablecoin issued by Tether Limited; available on some centralised exchanges as a trading pair for LPT.Tags:
web3:tokenExternal: TetherAlso known as: TetherStatus: currentPages: lpt/economics, lpt/token-portalWei
Wei
Definition: The smallest denomination of Ether, where 1 ETH equals 10^18 Wei; used in Livepeer for precise on-chain price calculations such as price per pixel.External: Wei — ethereum.org glossaryStatus: currentPages:
lpt/pricing, lpt/paymentsAI and Video Terms
AI Inference
AI Inference
Definition: Running a trained machine learning model on new input data to produce predictions or generated outputs, as opposed to the training phase.External: Inference — WikipediaStatus: currentPages:
lpt/protocol, lpt/economicsAI Inference (Network Work Type)
AI Inference (Network Work Type)
Definition: Running trained AI models as the newer category of on-network compute work alongside transcoding, with orchestrators earning ETH fees for completed inference jobs.Context: AI inference expanded Livepeer beyond video transcoding; orchestrators that register AI capabilities are routed inference jobs from AI gateways and earn ETH fees paid by requesters.Status: currentPages:
lpt/protocol, lpt/economicsTranscoding
Transcoding
Definition: The direct digital-to-digital conversion of video from one encoding format to another, producing multiple adaptive renditions for cross-device delivery.External: Transcoding — WikipediaStatus: currentPages:
lpt/protocol, lpt/economicsLPT Overview
Token mechanics, staking, and governance for LPT holders
Full Glossary
All terms across every Livepeer tab
Staking Guide
Step-by-step guide to bonding and delegating LPT