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In 2022, Livepeer launched the On-Chain Treasury to fund the long-term growth and sustainability of the network.
This treasury accumulates a portion of protocol fees (often called block rewards on other chains and also known as ‘inflation’ within Livepeer) and is controlled by token holder votes.Messari reported that by Q4 2022, Livepeer was allocating ~$250k per quarter in grants to ecosystem projects via this governance mechanism.By 2025, the treasury has become a significant source of funding for Special Purpose Entities (SPEs) and other needed initiatives.
The protocol routes a share of inflation to an on‑chain community treasury. In its first iteration, 10 % of newly minted LPT flowed into a multisig controlled by the Livepeer Foundation and community stewards. The purpose of the treasury is to fund public goods, research, marketing initiatives and tooling that benefit the entire ecosystem. Examples include grants for improving monitoring infrastructure, research into verifiable transcoding and support for builders. When the treasury balance reached a pre‑defined cap, contributions paused; future LIPs can adjust the rate or resume funding.Treasury funds do not accrue automatically to orchestrators or delegators. Spending proposals must be approved by governance, ensuring transparency and accountability. Special‑purpose entities (SPEs) can request allocations to execute scoped projects (e.g., building a verification framework, developing new codecs) and must report back on milestones. This structure turns inflation into a community‑directed investment in the protocol’s long‑term health rather than pure dilution.To ensure that treasury spending aligns with protocol objectives, the Livepeer community has experimented with frameworks for public‑goods funding. One example is the transparent milestone‑based grant model: proposers submit budgets and deliverables, funds are released in tranches upon completion and progress is publicly reported on the forum. Another is quadratic funding, which could match community donations from the treasury to signal strong grassroots support. Discussions have also explored regen network‑style retroactive funding, where contributions are rewarded after impact is demonstrated. These experiments reflect a wider movement in decentralised governance toward more inclusive and accountable resource allocation.
