.png)
Creating a Special Purpose Entity (SPE) in the Livepeer ecosystem is a structured process designed to ensure alignment with the network’s mission and effective use of treasury resources. This guide outlines the entire lifecycle of an SPE, from exploring the existing SPE landscape and submitting a Request for SPE (RFS) to crafting a comprehensive SPE Proposal and navigating the onchain governance process.
Prospective SPE creators are encouraged to collaborate with 🏛GovWorks for mentorship and guidance, leveraging tools like the SPE Dashboard to assess current needs and opportunities. Key steps include engaging with the community for feedback, adhering to the standardized proposal templates, and meeting governance criteria such as funding thresholds and reporting requirements.
Creating a Special Purpose Entity (SPE) in the Livepeer ecosystem is open to qualified individuals or teams with the skills, resources, and commitment to contribute meaningfully to the network’s growth. To ensure accountability and alignment with Livepeer’s mission, proposers must demonstrate a willingness to engage with the Livepeer community, both during the SPE formation and throughout the lifecycle of the SPE. This includes actively participating in forums, governance discussions, and responding to feedback. In addition, proposers
These requirements help maintain a high standard for SPE formation, ensuring that only qualified, well-prepared, and aligned individuals and teams contribute to the ecosystem’s governance and growth.
Before creating a new Special Purpose Entity (SPE), users interested in building on Livepeer are encouraged to reach out to 🏛GovWorks for guidance. GovWorks can help them navigate the current SPE landscape, identifying existing SPEs that align with their project’s goals. SPE Dashboard can provide a great outlook on the current SPE landscape and the scope of their work. If a suitable SPE has available funding, Working with established SPEs is recommended, ensuring that resources and efforts are streamlined by leveraging established structures and expertise within the ecosystem. If no existing SPE adequately fits the scope of the work or the project introduces a unique initiative that cannot be integrated elsewhere, GovWorks can provide mentorship and support in forming a new SPE.
To initiate the creation of a Special Purpose Entity (SPE), community members can submit a Request for SPEs (RFS) in the Treasury category of the 💬Livepeer Forum, which allows the community to engage in informal discussions about the outline of the SPE and its utility. For efficiency, RFS submissions follow a standardized 📋RFS form, including key details such as the SPE’s purpose, structure, and the specific public good it will serve in the Livepeer ecosystem. The author(s) can modify the RFS based on the community’s feedback.
Following submission, GovWorks reviews RFSs to ensure alignment with Livepeer’s vision and assists in the refinement of the upcoming SPE Proposal. The RFS form is then shared in the forum and discussed during the Treasury Talk or any dedicated Community Call to gather broader input from Orchestrators, stakers and contributors. This collaborative review process shapes the SPE’s scope and helps prioritize initiatives effectively.
Once reviewed, GovWorks works closely with the community to identify potential leaders and contributors for the SPE. It offers mentorship to refine the SPE’s scope, deliverables, and milestones, ensuring the initiative is well-structured and impactful. With this foundation, the SPE lead, supported by GovWorks, develops a comprehensive SPE Pre-Proposal for on-chain funding. This Pre-Proposal outlines the SPE's scope, budget, timeline, milestones, and team composition, following the guidelines outlined in the 📃SPE Proposal template and the 🗳SPE Creation process.
Once community feedback has been gathered, the potential team has been outlined and the SPE Pre-Proposal has been formed, it can be posted in the 💬Livepeer forum. The SPE Pre-Proposal will need to remain posted in the forum for a minimum of 7 days before going into the next phase of the governance process. This gives community members time to carefully assess all the SPE details and provide further feedback. During this period, changes can still be applied to the Pre-Proposal before moving on to the next phase. SPE Pre-Proposals must follow the 📃 SPE Proposal Template to ensure they are comprehensive and align with Livepeer’s governance requirements.
Before moving to onchain voting, SPE Pre-Proposals must meet the following criteria to be considered vote-ready: