A Transcoder node is running as part of the set of 25 Active transcoders on Livepeer's network, and has amassed a bonded stake of 71,690 LPT (approximately $578k at today's spot price for LPT).
The node is generating approximately 2 LPT ($16) every 20.8 hours / 5760 blocks in Ethereum's blockchain.
Development of the code for Phase 2 is in progress, to allow a DAO to approve / bond / unbond / withdraw tokens to / from nodes on Livepeer's network.
Governed Objects & Mechanics
Livepeer Transcoder configuration, and distribution of funds generated from Inflationary Reward mechanics.
Looking for
Guidance on how to develop the concept, funding for phases of development, community to share these ideas with.