Livepeer is building a decentralized governance model where token delegators, orchestrators with delegated LPT and the overall community play a central role in shaping the future of the network. The Livepeer Token (LPT) is central to this governance process. LPT holders stake their tokens to receive rewards from the network, while allowing them to submit proposals and vote, directly influencing the allocation of treasury funds and protocol updates. Governance decisions, revolving around funding for public goods and projects within the ecosystem, are made through the Livepeer Treasury, which accrues Livepeer Tokens (LPT) from the protocol. LPT stakers actively participate by proposing, voting, and managing funds to drive the network's growth and decentralization.
Participating in Livepeer governance is an open and straightforward process for all LPT holders. To get involved, you can engage in forum discussions, vote on key decisions or propose and start working in a new SPE that shapes the network's future. Individual Proposal submission allows community members and service providers to request funding for new initiatives or improvements under the supervision of SPEs.
Here are some essential resources for new participants: