GovWorks Community Updates

StableLab <> Livepeer Community Update (Oct - Nov 2024)

Hello Livepeer Community!

Over the past two months of engaging with Livepeer as GovWorks Chair, we’ve been building a more streamlined and transparent governance framework for Livepeer, while refining processes for onchain treasury allocations. Here’s an update on our progress and a look at what’s ahead.

Recent Progress

  • Governance Wiki and Hub Completed: We’ve finalized the Livepeer Governance Hub, designed to be a central hub for the Livepeer contributor community. We’ve gathered valuable feedback from Orchestrators, which has already helped us refine the content and improve accessibility to ready the new GovHub for a public launch. The hub consists of a detailed overview of governance processes, tools for contributors, and intuitive dashboards for treasury funding transparency.
  • Governance Process Structured: The governance framework is taking shape with a new Request-for-SPEs process and SPE Proposal template now in place. This provides a more standardized approach to submitting and evaluating SPE ideas and proposals with greater clarity for all involved.
  • SPE Evaluation Criteria: We’ve created a set of evaluation criteria for SPE success and are working on implementing accountability measures to ensure projects stay aligned with Livepeer’s goals.
  • Community Engagement: We’ve engaged actively with the ecosystem, joining Water Cooler and Treasury Calls to engage in conversations and catch up on context. We will soon start hosting Treasury Talks to deepen community engagement and ensure transparency in GovWorks operations.
  • SPE Formation Support: We are already in contact with various teams who are looking to lead the formation and management of new SPEs and are guiding them through the process from start to finish

Governance Activity

Recent proposals:

The Education & Experience (E²) SPE, proposed by ORIGIN STØRIES, requests 4000 LPT and aims to leverage Livepeer AI technology to improve education, real-world use cases, and community engagement while increasing network demand and brand visibility. The six-month pilot initiative focuses on AI literacy, public experiences, and technical advancements, delivering educational content, immersive events, and creative workflows tailored for the Livepeer ecosystem.

Participation statistics:

Despite constructive criticism from community members, the proposal received overwhelming support during the voting stage, with 85.9% of votes in favor and a 68.3% participation rate, highlighting strong community alignment with this SPE.

Next Steps:

We will work with the proposer to align milestones, timelines, and expected deliverables with GovWorks. We’ll also establish a regular reporting cadence to track progress and ensure everything stays on track.

Upcoming Events

Treasury Talk - EOY Wrap-Up

Wednesday, December 11th, 2024 @ 3PM UTC
RSVP
Discord

Our final Treasury Talk for the year will focus on wrapping up the progress of SPEs, reviewing new governance processes, and setting the stage for next year. Here’s a high-level agenda for the session:

  1. SPE Presentations: Hear directly from new and existing SPEs as they share upcoming proposals and highlights from their 2024 initiatives.
  2. Introduction of GovWorks Resources: Discover the newly developed tools for SPEs, including the GovHub and its key components.

Action Items

  • New/Prospective SPEs
    • If you’re planning a new SPE or considering submitting one, please prepare a brief overview of your proposal (1 page or slide) to present during the call.
    • Be ready to discuss your idea and address questions from the community.
    • Submit your presentation directly to GovWorks at least 1 day before the Treasury Talk to ensure it’s included in the agenda.
  • Current SPEs
    • All active SPEs (e.g., AI SPE, Cloud SPE, LLM SPE, Realtime Interactive Video SPE) should post their wrap-up reports in a dedicated forum thread prior to the call.
    • Use this example as a reference.
    • Live presentations are not required, but you should be prepared to answer questions from the community during the call.

Thank you for your continued engagement and support as we work together to build a more engaged and aligned Livepeer ecosystem. We look forward to seeing you at the EOY Wrap-Up Treasury Talk!

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Thanks for taking the lead on getting the Livepeer ecosystem so organized and catalyzed around treasury governance and efficient resource allocation.

For those who aren’t aware, the Livepeer treasury has been accruing value far faster than it is being allocated out. But we have a LOT to build, so if we can be better at putting this funding to use with effective teams (through SPE’s), it will be a big unlock.

The Govhub and facilitation to help streamline and assist with the formation of the desired SPEs are great early steps.

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Hello Livepeer Community!

We hope you had a wonderful holiday season! As we kick off 2025, let’s take a moment to reflect on the progress made in December at GovWorks, highlighting key governance milestones achieved in the final month of 2024. The groundwork laid last quarter sets the stage for significant improvements to the Livepeer Treasury in the year ahead.

GovWorks Recent Progress

  • Governance Hub Launch: In December, we successfully launched the Governance Hub, a central resource for the Livepeer contributor community. Featuring detailed governance processes, contributor tools, and transparent treasury dashboards, the GovHub is designed to streamline operations and improve accessibility. Valuable feedback from Livepeer Inc. members, Orchestrators, and contributors helped refine the hub in preparation for its public release.
  • Streamlined Governance Process: A new governance framework is taking shape, including the Request-for-SPEs, Pre-Proposal, and SPE Proposal processes. These resources provide contributors with a clear, standardized approach to submitting and evaluating SPE ideas and proposals, ensuring efficiency and transparency in the decision-making process.
  • SPE Evaluation and Accountability: To ensure transparency and community trust, the Contribution Efficiency Framework (CEF) was introduced. This framework balances accountability with minimal bureaucracy, outlining reporting responsibilities for SPEs and ensuring they remain aligned with Livepeer’s goals while keeping the community informed.
  • Community Engagement: December’s Treasury Talk brought the community together for the final governance discussion of the year. Existing SPEs shared their End-of-Year reports, highlighting the great progress made in 2024, while new and prospective SPEs presented their plans for 2025. These meetings provide a platform for collaboration, feedback, and questions, strengthening Livepeer’s governance ecosystem.
  • SPE Formation Support: Over five new SPEs are in the pipeline, and GovWorks is actively supporting them to navigate the governance process. From idea formation to proposal submission, we are ensuring these initiatives have the resources and guidance needed to succeed.

Governance Activity

Recent proposals:

The Education & Experience (E²) SPE proposal passed with a solid 87% support and 68% quorum. Proposed by ORIGIN STØRIES, it requested 4000 LPT for a six-month initiative and aims to leverage Livepeer AI technology to improve education, real-world use cases, and community engagement while increasing network demand and brand visibility.

The Request for funds: Livepeer AI Video SPE - Stage 3 proposal is live for voting, requesting 35,000 LPT to advance decentralized AI video compute. This phase focuses on developing real-time AI pipelines, optimizing batch and generative workflows, and improving orchestrator operations to drive adoption and boost network utility. With clear deliverables, including real-time AI integration and enhanced developer tools, the proposal aims to position Livepeer as a leading decentralized platform for AI-powered video compute while fostering ecosystem growth and innovation. Voting is open now—make your voice heard!

The Livepeer Agent SPE proposal will be live for voting in a few hours, requesting 6,440 LPT to integrate Livepeer’s inference capabilities into leading AI agent frameworks like Eliza. This initiative aims to position Livepeer as a premier decentralized compute provider for AI agents, focusing on real-time video streaming, developer-friendly tools, and community engagement. The proposal seeks to unlock new use cases and revenue opportunities within the rapidly growing AI agent ecosystem.

The Credits SPE pre-proposal aims to subsidize Livepeer network fees for high-growth projects, fostering adoption and increasing utilization. It introduces a structured funding mechanism, a standardized evaluation framework, and transparent impact tracking. Operating in three phases—development, scaling, and refinement—the SPE seeks $180,000 to support credit allocation, streamline processes, and align ecosystem efforts, driving measurable results and community engagement.

Upcoming Events

January Treasury Talk

Wednesday, January 15th, 2025 @ 3PM UTC

RSVP
Discord

The first Treasury Talk for the year will focus on upcoming SPEs, either in Pre-proposal or with a recently approved SPE Proposal. We will review new accountability processes and reporting methods, and introduce our plans for Treasury governance in 2025. As always, we welcome community feedback on the governance process. Here’s a high-level agenda for the session:

  • SPE Presentations: Hear directly from new and existing SPEs as they share their upcoming proposals and forward-looking plans for 2025.
  • Recap of Recent Governance Activity: Review key governance milestones achieved in 2024, including the launch of the GovHub, implementation of streamlined governance processes, and SPE accountability measures.
  • GovWorks Plans for 2025: Get an overview of GovWorks’ priorities for the year ahead, including continued support for SPE formation, formalization of the GovWorks SPE, deepened community engagement, and further refinements to governance and treasury workflows.

Action Items

  • New/Prospective SPEs
    • If you’re planning a new SPE or considering submitting one, please prepare a brief overview of your proposal (1 page or slide) to present during the call.
    • Be ready to discuss your idea and address questions from the community.
    • Submit your presentation directly to GovWorks at least 1 day before the Treasury Talk to ensure it’s included in the agenda.

Thank you for your continued engagement and support as we work together to build a more engaged and aligned Livepeer ecosystem. We look forward to seeing you at the next Treasury Talk!

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