Pre-Proposal: Fiat Delegation for Livepeer

Treasury
1

Author(s): Serial Winner and the Lisar team

Abstract

This proposal introduces LISAR — a fiat delegation gateway that makes it easy for anyone to support the Livepeer network using any fiat currency (USD, EUR, GBP etc.) LISAR removes the barriers that have historically limited participation in staking to only crypto-savvy users.

By abstracting away wallets, gas fees, and tokens, LISAR opens up delegation access to the rest of the world who are not yet active in crypto (~6.8–7.6 billion people), helping Livepeer grow stake, decentralisation, and global participation.

Mission

Livepeer depends on token holders to delegate their LPT to orchestrators, helping secure the network and enabling video infrastructure at scale. However, current delegation UX requires:

  • A crypto wallet
  • LPT tokens
  • ETH for gas
  • Technical knowledge of delegation flows

This experience is inaccessible to most people - normal folks like creators, gamers, and everyday users who believe in Livepeer but lack the on-chain literacy to participate.

LISAR solves this by:

  • Accepting fiat (USD, NGN, GBP, EUR, etc.)
  • Handling token conversions and gas behind the scenes
  • Offering a clean, no-wallet-required UX for delegation
  • Distributing rewards on-chain with full transparency

By removing these hurdles, LISAR opens the door for a much wider range of people to become part of Livepeer’s ecosystem — growing the community, spreading participation globally, and making the network stronger.

Rationale

Livepeer’s delegator growth is fundamentally constrained by accessibility. Current delegation requires users to navigate wallets, acquire LPT tokens, manage gas fees, and understand complex on-chain interactions - barriers that exclude most potential participants.

With global crypto adoption at only 5-15%, Livepeer is missing 85-95% of people who could strengthen the network through delegation.

LISAR solves this by meeting users where they are. Instead of requiring crypto literacy, users can delegate using familiar payment methods and interfaces. They deposit local currency, select an orchestrator, and start earning rewards - no different from using any mainstream financial app.

Inspired by successful platforms like Bamboo that brought US stock investing using local currency to African markets, LISAR maintains full decentralisation while delivering the simplified experience users expect. All delegation activity remains on-chain, transparent, and auditable, but users never need to interact with these complexities directly.

This approach doesn’t just add convenience - it unlocks entirely new delegator demographics that drive meaningful network growth, improved decentralisation, and stronger security through broader participation.

What We’re Building — Phase 1

A Delegation App With Fiat Support

A frontend product + backend orchestration layer to:

  • Accept local fiat payments
  • Convert to LPT tokens behind the scenes
  • Sponsor gas on behalf of users
  • Delegate to chosen orchestrators from list of active orchestrators
  • Track on-chain rewards and display them in fiat equivalent

Transparency Dashboard

  • Public dashboard to track:
    • Number of delegators onboarded
    • Total fiat converted
    • Total delegations via LISAR
    • Delegations per orchestrator via LISAR

Why This Matters

Livepeer’s current delegation process excludes 85-95% of potential participants who lack crypto literacy. This creates a fundamental bottleneck for network growth.

LISAR directly addresses this by converting interested users into active delegators. When anyone can delegate using their local currency - NGN, USD, EUR - without needing to understand wallets or gas fees, participation becomes accessible to millions of new users.

Beyond just growing numbers. More delegators means more distributed stake across orchestrators, improving decentralisation and strengthening network security. It also creates a truly global delegator base instead of one limited to crypto-native users in developed markets.

SPE Governance Structure

The SPE will be managed by the core team with input from the community to ensure transparency and alignment with the broader network.

Key governance elements include:

  • Livepeer stakeholders voting on initial and future funding allocations, voting on feature roadmaps and providing feedback on ongoing developments.
  • Core team maintaining ownership of technical development and strategic ecosystem alignment and regular reporting on progress, metrics, ecosystem impact etc.

Who We Are

We’re a small team of engineers passionate about open-source development and building public goods that benefit everyone. We’re not a startup just a group of builders building tools that strengthen the Livepeer ecosystem.

Serial Winner – Technical Lead and primary person of contact

  • Fullstack engineer and long time open-source contributor
  • Former Livepeer grantee and currently serving as an ambassador with Daydream
  • Active in the community & hosted the first Livepeer delegator workshop in Africa (Nigeria)

James – Engineer

  • Engineer at Interswitch group (leading payment gateway/fintech infrastructure provider in Africa)
  • Deep expertise in payment processing and financial infrastructure at scale

Stanley – Engineer

  • Engineer at Fairmoney (number 1 most downloaded fintech app in Nigeria. 20+ million downloads)
  • Specialised in designing and building intuitive mobile experiences

Additional Contributors

  • Additional contributors supporting development, operations, and others needs for the project

Milestones & Timeline

Project Duration: 4 months

Build the Core Platform

  • Complete the full app flow: users deposit fiat and seamlessly delegate
  • Integrate secure on/offramping handling Fiat > LPT and LPT > Fiat conversions
  • Set up gas sponsorship for users to enable seamless on-chain interactions
  • Implement orchestrator selection interface with relevant key orchestrator stats
  • Display user stakes and reward earnings in fiat equivalents with seamless withdrawals

Transparency Dashboard

  • Launch comprehensive transparency dashboard so the entire community can follow and track progress in real time
  • Track and display key metrics in realtime: number of delegators onboarded, total fiat converted, total delegations via LISAR, and delegations per orchestrator via LISAR

Launch & Scale

  • Launch beta with multi-currency support starting with NGN, USD, KES and expanding support to other fiats
  • Deploy referral system where users earn percentage of their referrals’ delegation APY plus bonus rewards
  • Launch delegator workshops, creator partnerships and performance-based content programs to drive growth
  • Release native mobile applications for iOS and Android to reach users beyond web

Deliverables

  • Live Product – Fully functional app (web and mobile) enabling users to deposit their local currency and seamlessly delegate
  • Multi-Currency Support – Multiple fiat currencies (e.g., NGN, KES, ZAR, USD) integrated in Phase 1
  • Delegator Onboarding – between 500 and 1,000 delegators successfully onboarded and actively delegating through LISAR by the end of Phase 1
  • Transparent Tracking – Public, real-time dashboard displaying number of delegators onboarded, total fiat converted, delegations per orchestrator, total LPT delegated, and rewards earned

Transparency and Accountability

We’ll publish a public report regularly covering fund usage, development progress, and key metrics. Reports will be posted on the Livepeer Forum.

These reports will include:

  • Spend breakdown (engineering costs, workshop expenses, infrastructure)
  • Multi-sig wallet transactions for fund usage
  • Progress against milestones and deliverables
  • KPIs like delegators onboarded, total fiat converted, delegations per orchestrator, and reward distributions

We’ll also maintain a live dashboard tracking core metrics like active delegators, total LPT delegated via LISAR, and fiat conversion volumes — so the community can track progress in real time.

Budget Breakdown

Total Requested: 7,100 LPT ( $53,000 @ $7.46 )
Engineering 4 Engineers @ $2000/month, working ~30 hours/week and any additional hires $32,000
Delegator Workshops (Across Nigeria, Ghana, and other regions) Workshops to attract our initial pool of delegators in this regions. Budget spread across as many events covering venue, equipments, travels, and delegation credits to get participants started $8,000
Growth program Referral Credits, creator partnerships, and content programs to drive growth $5,000
Infrastructure and operations Third party APIs, cloud services, gas sponsorship and operational expenses $5,000
Buffer Buffer against LPT price fluctuations. After all allocations have been utilised, any remaining will be returned to the treasury $3,000

Final Thoughts

LISAR represents a fundamental shift in how people can participate in the Livepeer network. By enabling fiat delegation, we’re opening the door to billions of potential delegators who have been excluded from the ecosystem until now.

This isn’t just about building another product—it’s about unlocking a new chapter of growth for Livepeer, ensuring that anyone, anywhere, can contribute to the network’s success.

Thank you for considering our proposal and for supporting a more inclusive and resilient Livepeer network.

Dig Deeper

The community’s already shared some great thoughts, and we’ve tackled a few big questions along the way—you can check out that discussion here:

Get to know LISAR - What it is, Why we’re building it, and Our goal

For a full look at how we’re approaching growth, see our GTM:

First Wave

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Thanks for sharing this proposal. I’m trying to understand the user’s mindset and motivations here being that you indicate they are not crypto literate, and then also to understand the role of LISAR the entity.

  • The user will need to be aware of Livepeer and Orchestrators and the reward dynamics to be able to participate and select an O.
  • Presumably the rewards and accrual will have to be displayed in LPT, because there’s no way to project any sort of yield expectation in fiat when the value of LPT is volatile? So they’ll be aware of LPT and know that what they’re actually doing is purchasing LPT to participate, rather than earning yield on fiat currency, right?
  • So what it boils down to is that LISAR is serving users who want to participate in LPT staking with a fiat conversion gateway in both directions?

Seems reasonable and like it could theoretically help onboard users who don’t want to operate wallets or custody crypto. But then they’re putting a lot of trust in the LISAR entity because of the offchain Fiat aspects. And handling/processing fiat payments (especially when you owe the users the ability to withdraw later) is a pretty high security and highly regulated operation. Hooking up the technical infrastructure to make this work onchain with USDC is one thing, but to be the entity responsible for user deposits via Fiat is another beast. Does LISAR have a plan or experience with these offchain operational, legal, and regulatory aspects?

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Hi @dob, Thanks for the great questions!

User education is central to our approach. We will provide comprehensive education on LPT token, crypto volatility, orchestrators, and staking mechanics so users fully understand what they’re participating in. A good avenue for this is through delegator workshops - as mentioned in our GTM

Rewards and accruals will be displayed in both LPT and fiat equivalents, this is achieved through crypto prices API resolving to a 5 mins timeframe so the balance is always reflective of LPT price (This can be pushed to 1-minute intervals if needed for more real-time accuracy.)

For handling/processing fiat payments, we completely understand how heavily regulated this is and hence why we’re taking the non-custodial approach offsetting the legal and regulatory burden to a much more established entity (our on/offramp partner - onramp.money currently powers services like Metamask, Binance, Kucoin, Bybit, Bitget, Coinbase among many others). Onramp provides built in AML compliance and has legal license to operate within the following regions

Screenshot 2025-08-28 at 21.39.19
Screenshot 2025-08-28 at 21.39.191566×344 56.3 KB

LISAR never holds user’s funds at any point

In addition to this, two engineers on our team work at major fintechs: Interswitch (Africa’s Mastercard equivalent) and Fairmoney (Nigeria’s most downloaded fintech app with 20+ million downloads). They are both very experienced with Legal and regulatory frameworks and currently providing insights to the team on this and we will also be adding a legal advisor to join the team to provide additional guidance.

Finally LISAR addresses users interested in crypto yield opportunities who’ve been unable to access Livepeer delegation due to technical hurdles (LPT access, wallets, ETH fees, on-chain literacy).

With LISAR we’re simply meeting existing interest in yield opportunities and channeling it to Livepeer delegation.

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I really love the approach. Making the staking process easier is a big deal for Livepeer. From non-custodial wallets, to token swaps, to seed phrases, investing in crypto is scary for some. This app smoothens that process. After all, in order to capture mainstream value, you need to be accessible to the average joe. So the vision is there, I see it, and I love it.

My main concerns are app store approval odds, legal compliance, and data handling measures. Apple is very picky on what they choose to allow on the App Store. I know personally, as I have sent apps to be reviewed in the past. What sort of policies will you apply to ensure legal compliance? This is something Apple will 100% look for before making a decision. If KYC is required, you will have to have impressive data handling measures to ensure nobody’s data is exposed at rest or transit.

In conclusion, I think Lisar could be great for Livepeer, I’m just unsure of how it fits into the strict mobile application ecosystem.

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Hi @webRTCisCool, appreciate you weighing in with such good points!
Mainstream adoption is all about reducing friction, and LISAR is a big step towards achieving that for Livepeer. We’re really excited for what this could unlock for the network.

For App Store concerns, I understand how picky Apple can be with their policies, have published apps myself and experienced this firsthand. We’ve covered extensively on legal compliance here

Onramp provides built in KYC systems already battle tested by services like (Kucoin, Bybit, Bitget etc.) which they currently support. LISAR integrates into this existing, trusted infrastructure rather than building our own data handling systems.

LISAR is built first and foremost as a web application, so users can access it directly without depending on app store approvals. The mobile apps are designed to provide a smoother native experience and expand distribution, but App Store approval isn’t mission-critical to our success.

Our web-first approach ensures we can deliver value to users regardless of app store decisions. And with compliance handled through established, regulated partners, we’re confident about meeting the requirements once we’re ready to launch natively.

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Thanks for the clear prop write-up. Overall I think the idea is great, but I share concerns around the logistics and execution of something like this. Perhaps, if the Foundation SPE passes, this might align with one of their workstreams and they can help steward this and other capital focused SPE’s. CC @honestly_rich

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Hi @Authority_Null, thank you for the thoughtful feedback!

Really appreciate that. We believe LISAR could unlock broader participation for Livepeer, and we’re committed to making that happen.

Completely fair! We understand the concerns here and shaped LISAR with that in mind from the very start—building a team with payments experience, choosing partners who already have compliance and licensing in the regions we’ll operate, keeping the flow non-custodial and even seeking out advisors. We believe this strategic foundation positions us well to navigate any potential challenges effectively.

We’ve actually explored the idea of aligning with the Foundation and even had earlier conversations about it. While the alignment does make a lot of sense, none of the current workstreams have the bandwidth or budget to accommodate LISAR right now. Hence why we’re putting forward this proposal.

Nonetheless the Foundation’s expertise is invaluable and we welcome any help they can provide—whether guidance, feedback, or support in shaping LISAR alongside the broader ecosystem

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Hi @serial_winner,

I personally believe this is going to be explosive and go mainstream in Africa. This demographic is very crypto-interested and has a strong appetite for exploring investment opportunities in this space. Looking at what the likes of NecterFi and Paj Cash have achieved so far ,processing thousands of $$ within just a few months of inception, it’s impressive. These projects are coming off this announcement , Solana Ecosystem .

I’ve always felt that the African market has been largely untapped, so I’m happy to see the first wave starting from this niche.

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Hey @Eneche-gwid.io Thank you for sharing this!

Those are really strong examples of what’s possible (NecterFi and Paj Cash), and we’ll be looking to build on and even improve on that kind of success!

It’s great validation of the demand/potential and has reinforced our confidence we’re on the right track!

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TL;DR:
On first read, I see this more as a grant project than an SPE. However, in the absence of a formal grants program or venture fund, I think this is a great experiment to fund for a small grant for 4 months. I think there should be an upper cap at $15k-$20k in LPT (with a bit of buffer to account for price fluctuations), which equates to what the Ecosystem team used to pay out for seeding tier 1 builders and ideas. In return, the community should expect transparent reporting particularly around the ROI on this investment (as you’ve already put in in your proposal) and it should be treated as a grant.

Further detail:
Hi @serial_winner, awesome to see this go live and get community feedback. I think the initiative is great to see and tackles a key issue: delegators on the network :fire:

There’s been some useful comments and questions thus far about the actual implementation, particularly around: fiat/crypto fluctuations for a non-crypto-native audience, compliance across jurisdictions and App store listings.

My only comment is strategic. As an ecosystem, I believe it’s now important to start thinking more about LIP-90, what’s worked from a funding perspective and what really is an SPE. We have had many applications / grants ideas disguised as SPEs, which I believe we should start acknowledging and treating accordingly.

To reiterate, the two core conventions are:

  1. The treasury should be used to fund public goods in the Livepeer Ecosystem.
  2. Treasury proposals should be made by Special Purpose Entities, or (SPEs), that will themselves be responsible to routing the funding towards individual end-recipients or purposes. End recipients should not apply directly to the Livepeer treasury for funding.

In this context, my questions would be focused on the entity and roadmap:

  • How would you define this as a public good?
  • What is the entity that will run this product? e.g. non-profit vs for-profit
  • Does this project have a path to profitability? If so, how will the product generate revenue?
  • Does this SPE plan on routing funding to end-recipients or purposes (i.e. involving other contributors)? Or does it not?

For context: if this is going to be a for-profit application, I am currently unconvinced that this is actually an SPE by this definition, and believe we, as a community, should be mindful of this such of all projects moving forward. Nevertheless, in the absence of other funding mechanisms (this will change in the coming months), I think we should be fully open to funding projects, adjusting expectations and funding amounts accordingly.

Despite, my feedback I am very excited to see this project come to fruition in general, particularly with @serial_winner and team exploring new geographies. I think funding this project will be awesome for the ecosystem, just at a slightly lower amount at this stage :raising_hands:

Looking forward to your answers and how this will develop!

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Hi @honestly_rich, thanks for the thoughtful and detailed feedback!

Completely understand your concerns as to whether Lisar should be considered an SPE and treated as such, At the core SPEs should be public goods - which Lisar is (building to strengthen the Livepeer network), and can be small working groups, committees, or even individuals, who are ruthlessly efficient at moving quickly to help allocate capital towards their stated purpose - which Lisar also does through our growth program - allocating capital (bounties/grants) to creatives delivering on specific tasks geared towards our goal of growing delegators on the network.

But regardless of how Lisar is viewed our goal remains the same - strengthen the Livepeer network by broadening access to delegation and we will execute on this irrespective of the structure.

LISAR is a public good — its core purpose is to broaden access to delegation and strengthen Livepeer’s network

We’re currently set up as a small builder team, not a for-profit company.

While the immediate goal isn’t profitability, over time we do see a path where LISAR could generate its own sustainable revenue (e.g. charging a small fee on onramping/offramping) to ensure continuity without depending on ongoing treasury support

Yes — LISAR will route funds to other end recipients and purposes through its growth program (bounties and small grants to creatives delivering on specific task geared towards our goal - growing delegators on the network)

Lisar is not for profit - our focus is strengthening the network by onboarding more participants who formerly have been unable to participate.

Thanks so much for the support! We’ll be adjusting the funding request slightly lower and will update the proposal accordingly.

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We’ve been encouraged by the positive feedback and engagement from the community on our proposal so far. In particular, we want to acknowledge @honestly_rich’s thoughtful questions around an SPE structure, as well as the recommendation for a slightly lower funding request at this stage.

Taking that feedback on board, we’ve refined the scope, reduced the budget, and adopted a structure that still enables us to deliver meaningful impact through a strong pilot while staying within the bounds of what was suggested.

What’s Changed in This Proposal

1. Leaner Team

  • Leaner team with compensation rightly readjusted.
  • Additional team members/contributors (for example legal, mentioned here

) would all be compensated from this reduced allocation.

2. Removal of Growth Program

  • The growth program has been eliminated.
  • This program was originally intended to route funding to external contributors. Under the leaner scope, the LISAR team itself will now handle all growth, content, and outreach internally.

3. Scaled Down Workshops

  • Workshops are mission-critical, as LISAR’s target audience is primarily non-crypto users who need comprehensive education to get onboarded.
  • However, instead of a broad rollout across many regions, workshops will now be concentrated in fewer locations, focusing resources where they will have the most impact.

Fiat Delegation for Livepeer (Updated)

Abstract

This proposal introduces LISAR — a fiat delegation gateway that makes it easy for anyone to support the Livepeer network using any fiat currency (USD, EUR, GBP etc.) LISAR removes the barriers that have historically limited participation in staking to only crypto-savvy users.

By abstracting away wallets, gas fees, and tokens, LISAR opens up delegation access to the rest of the world who are not yet active in crypto (~6.8–7.6 billion people), helping Livepeer grow stake, decentralisation, and global participation.

Mission

Livepeer depends on token holders to delegate their LPT to orchestrators, helping secure the network and enabling video infrastructure at scale. However, current delegation UX requires:

  • A crypto wallet
  • LPT tokens
  • ETH for gas
  • Technical knowledge of delegation flows

This experience is inaccessible to most people - normal folks like creators, gamers, and everyday users who believe in Livepeer but lack the on-chain literacy to participate.

LISAR solves this by:

  • Accepting fiat (USD, NGN, GBP, EUR, etc.)
  • Handling token conversions and gas behind the scenes
  • Offering a clean, no-wallet-required UX for delegation
  • Distributing rewards on-chain with full transparency

By removing these hurdles, LISAR opens the door for a much wider range of people to become part of Livepeer’s ecosystem — growing the community, spreading participation globally, and making the network stronger.

Rationale

Livepeer’s delegator growth is fundamentally constrained by accessibility. Current delegation requires users to navigate wallets, acquire LPT tokens, manage gas fees, and understand complex on-chain interactions - barriers that exclude most potential participants.

With global crypto adoption at only 5-15%, Livepeer is missing 85-95% of people who could strengthen the network through delegation.

LISAR solves this by meeting users where they are. Instead of requiring crypto literacy, users can delegate using familiar payment methods and interfaces. They deposit local currency, select an orchestrator, and start earning rewards - no different from using any mainstream financial app.

Inspired by successful platforms like Bamboo that brought US stock investing using local currency to African markets, LISAR maintains full decentralisation while delivering the simplified experience users expect. All delegation activity remains on-chain, transparent, and auditable, but users never need to interact with these complexities directly.

This approach doesn’t just add convenience - it unlocks entirely new delegator demographics that drive meaningful network growth, improved decentralisation, and stronger security through broader participation.

What We’re Building

A Delegation App With Fiat Support

A frontend product + backend orchestration layer to:

  • Accept local fiat payments
  • Convert to LPT tokens behind the scenes
  • Sponsor gas on behalf of users
  • Delegate to chosen orchestrators from list of active orchestrators
  • Track on-chain rewards and display them in fiat equivalent

Transparency Dashboard

  • Public dashboard to track:
    • Number of delegators onboarded
    • Total fiat converted
    • Total delegations via LISAR
    • Delegations per orchestrator via LISAR

Why This Matters

Livepeer’s current delegation process excludes 85-95% of potential participants who lack crypto literacy. This creates a fundamental bottleneck for network growth.

LISAR directly addresses this by converting interested users into active delegators. When anyone can delegate using their local currency - NGN, USD, EUR - without needing to understand wallets or gas fees, participation becomes accessible to millions of new users.

Beyond just growing numbers. More delegators means more distributed stake across orchestrators, improving decentralisation and strengthening network security. It also creates a truly global delegator base instead of one limited to crypto-native users in developed markets.

Who We Are

We’re a small team of engineers passionate about open-source development and building public goods that benefit everyone. We’re not a startup just a group of builders building tools that strengthen the Livepeer ecosystem.

Serial Winner – Technical Lead and primary person of contact

  • Fullstack engineer and long time open-source contributor
  • Former Livepeer grantee and currently serving as an ambassador with Daydream
  • Active in the community & hosted the first Livepeer delegator workshop in Africa (Nigeria)

James – Engineer

  • Engineer at Interswitch group (leading payment gateway/fintech infrastructure provider in Africa)
  • Deep expertise in payment processing and financial infrastructure at scale

Stanley – Engineer

  • Engineer at Fairmoney (number 1 most downloaded fintech app in Nigeria. 20+ million downloads)
  • Specialised in designing and building intuitive mobile experiences

Additional Contributors

  • Additional contributors supporting legal, development, operations, and others needs for the project

Milestones & Timeline

Project Duration: 4 months

Build the Core Platform

  • Complete the full app flow: users deposit fiat and seamlessly delegate
  • Integrate secure on/offramping handling Fiat > LPT and LPT > Fiat conversions
  • Set up gas sponsorship for users to enable seamless on-chain interactions
  • Implement orchestrator selection interface with relevant key orchestrator stats
  • Display user stakes and reward earnings in fiat equivalents with seamless withdrawals

Transparency Dashboard

  • Launch comprehensive transparency dashboard so the entire community can follow and track progress in real time
  • Track and display key metrics in realtime: number of delegators onboarded, total fiat converted, total delegations via LISAR, and delegations per orchestrator via LISAR

Launch & Scale

  • Launch beta with multi-currency support starting with NGN, USD, KES and expanding support to other fiats
  • Deploy referral system where users earn percentage of their referrals’ delegation APY
  • Launch delegator workshops
  • Release native mobile applications for iOS and Android to reach users beyond web

Deliverables

  • Live Product – Fully functional app enabling users to deposit their local currency and seamlessly delegate
  • Multi-Currency Support – Multiple fiat currencies supported (e.g., NGN, KES, ZAR, USD)
  • Delegator Onboarding – between 500 and 1,000 delegators successfully onboarded and actively delegating through LISAR
  • Transparent Tracking – Public, real-time dashboard displaying number of delegators onboarded, total fiat converted, delegations per orchestrator, total LPT delegated, and rewards earned

Transparency and Accountability

We’ll publish a public report regularly covering fund usage, development progress, and key metrics. Reports will be posted on the Livepeer Forum.

These reports will include:

  • Spend breakdown (engineering costs, workshop expenses, infrastructure)
  • Multi-sig wallet transactions for fund usage
  • Progress against milestones and deliverables
  • KPIs like delegators onboarded, total fiat converted, delegations per orchestrator, and reward distributions

We’ll also maintain a live dashboard tracking core metrics like active delegators, total LPT delegated via LISAR, and fiat conversion volumes — so the community can track progress in real time.

Budget Breakdown

New requested: 3,900 LPT ( $29,000 @ $7.46 )
Team Compensation 3 engineers, working ~30 hours/week and other additional contributors $16,000
Delegator Workshops Workshops to educate our initial pool of delegators. Budget spread across as many events covering venue, equipments, travels, and delegation credits to get participants started $5,000
Infrastructure Third party APIs, cloud services, gas sponsorship $5,000
Buffer Buffer against LPT price fluctuations. After all allocations have been utilised, any remaining will be returned to the treasury $3,000

Final Thoughts

LISAR represents a fundamental shift in how people can participate in the Livepeer network. By enabling fiat delegation, we’re opening the door to billions of potential delegators who have been excluded from the ecosystem until now.

This isn’t just about building another product—it’s about unlocking a new chapter of growth for Livepeer, ensuring that anyone, anywhere, can contribute to the network’s success.

Thank you for considering our proposal and for supporting a more inclusive and resilient Livepeer network.

Dig Deeper

The community’s already shared some great thoughts, and we’ve tackled a few big questions along the way—you can check out that discussion here:

Get to know LISAR - What it is, Why we’re building it, and Our goal

For a full look at how we’re approaching growth, see our GTM:

First Wave

Final Note

We’ve taken the community’s feedback to heart and kept this version of the proposal very lean. Our aim is to deliver measurable impact, while staying aligned with the direction suggested by the community. We’re grateful for the thoughtful feedback so far and excited to see what Lisar unlocks for the Livepeer network.

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Hey, sorry for not getting back to you sooner. I like the idea/approach in general, but share a lot of the concerns mentioned in this (and the other) thread.

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I always find it difficult if an app promises some kind of APY based on local currency, especially towards a less educated audience. Even if you add disclaimers, seeing something like this just calls for complains/issues if the earnings turn out lower (or even more critical, if the LPT/NGN rate goes down and their principal is worth less).
You have so many factor that influence the rewards like e.g. LPT price, Orch reward calls, changes in fee/reward cuts etc.

I don’t have enough info about other parts of the app, but just based on routing funds through a centralized provider, you can’t be fully decentralized.

On the wallet part:
I assume you’re creating an individual wallet per user?
If so, how are you handling the wallet setup? How do you protect the private key? Do you offer recovery methods, private key exports etc. etc.?
There are just a ton of questions and possible issues on that part alone.

How would you do this? The rewards are sent directly to the wallet, so unless you have custody over this wallet, you won’t be able to enforce re-routing of rewards.

Conclusion
In general, I think it’s too risky to associate any kind of direct Livepeer sponsoring/involvement in a project like this. Not only for the reputation of the brand but also from a possible regulatory/liability standpoint (I know, it doesn’t make sense, but a lot of regulatory rulings don’t make sense :slight_smile:)

My comments have a tendency to sound overly critical, so I just want to reiterate that I like the approach. You know the local market, if you think your target audience is aware of the possible risks, you should just go for it. I can see this being really successful (especially if the LPT price action is in your favor).

Some alternative funding ideas:
The easiest approach would just be to take a small cut on every fiat → LPT deposit.
A more sophisticated approach would be to take a cut of the rewards. But then it might just be cleaner/easier to set up your own Orchestrator and let app users only deposit to that one. By doing this, you would also have more control over reward/fee cut settings and reward calls.

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Hi @vires-in-numeris, really appreciate you taking the time to lay all this out — some of your points have also come up in earlier discussions, so I’m glad to dive into them in more detail!

we know this can be tricky, especially with uneducated audiences. That’s why user education sits at the very core of LISAR.

Through delegator workshops, we plan to make sure users understand how crypto economics and staking works — from price swings to reward fluctuations to orch rewards and fee cuts — so expectations are set clearly from day one.

On the wallet side, yes, each user gets an embedded smart wallet provisioned and managed by Privy (they currently power 75M+ accounts for teams like Pump.fun, Farcaster, OpenSea, and more). Privy handles the heavy lifting of key management and secure storage, while still allowing users to export their private keys if they want full control. This way, users get both secure key management with industry-standard encryption and the option of self-custody if they prefer.

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these don’t come from user rewards at all. Referral rewards come from our growth program budget, not user delegation rewards, LISAR simply tracks user referrals counts and pays out bonuses from our growth program budget. Delegation rewards flow directly on-chain to the user’s wallet as normal. The referral program runs until that budget is exhausted, after which it’s phased out.

I fully acknowledge your point about reputational and regulatory risks, especially if dealing with an uneducated audience. That’s why we’ve put strong emphasis on clear education, transparent communication, and solid regulatory and legal measures in place (please refer to earlier discussions). With this, LISAR is simply an easier delegation alternative to the native explorer - just with a local on-ramp and all web3 complexities (tokens, wallets, gas fees) abstracted away - built for people who want exposure and are sufficiently educated on the risks involved.

Not at all, we really appreciate you airing your concerns and we’re always open to addressing any further concerns you might have. And it’s encouraging to hear you see the potential for success here :green_heart:

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Hi! everyone

Some themes have come up again and again in the discussion so far, and we’ve pulled them all together in one place for clarity.

You can read it here: LISAR Proposal FAQ