Budget Envelope: Up to $10,000 USD equivalent
Date Issued: 2026-05-14
Issued By: Rick Staa
1. Purpose
Objective
Analyse the Explorer’s delegation UX against the staking experiences offered by major exchanges (Binance, Coinbase, Kraken) and comparable PoS tokens. No major exchange currently offers a user-facing LPT staking product, but their staking UX sets the bar for user expectations. Produce a design-ready specification for a self-custody delegation experience that could compete or pull users away from the path of least resistance of holding on an exchange, thus preserving the direct protocol participation that makes self-custody valuable: governance rights, earnings transparency, and independence from custodial intermediaries.
Problem Statement
Livepeer’s on-chain delegator count has fallen ~36% over two years, but total staked LPT and participation rate have held steady or grown. The gap is explained by a structural shift: centralised exchanges are delegating growing pools of custodial LPT without any user-facing staking product. No major exchange such as Binance, Coinbase, or Kraken offers LPT staking. The delegation is happening without user involvement.
The Explorer’s delegation flow needs to be compelling. Simply holding LPT on an exchange while the exchange stakes it without their involvement results in centralisation that undermines the network. We want actively grow delegators and direct governance participation.
We need to:
- Precisely quantify the UX gap between the Explorer’s delegation flow and the top staking UX standard set by major exchanges and comparable PoS tokens
- Identify the specific design and information-architecture changes that would improve self-custody delegation
- Produce a shippable design brief the Foundation can convert directly into build work (retro grants or follow-on RFP)
Desired Outcome
Within 3–4 weeks, we have:
- A competitive teardown showing exactly where and why the Explorer’s delegation experience falls short of the standard set by exchange staking UX or other ecosystems at each step of the journey
- A design-ready specification for a “minimum competitive staking experience” in the Explorer
- A prioritised backlog of improvements with expected impact and effort that can be shipped as follow-on work
2. Requirements
Key Deliverables
- Competitive teardown
- Primary analysis (external competitive frame): Side-by-side comparison of the Explorer delegation flow vs. the staking experiences offered by major exchanges (Binance, Coinbase, Kraken) for comparable PoS tokens. No major exchange currently offers a user-facing LPT staking product, but their staking UX for other tokens sets a standard users expect.
Dimensions: steps-to-stake, time-to-stake, information architecture, trust signals, yield presentation, risk framing, reward monitoring, and unstaking/exit experience (including offboarding from custodial products to self-custody: withdraw/transfer out). Each comparison should include annotated screenshots or screen recordings documenting the full flow. - Secondary analysis (decentralised staking UX): Review of the best delegation and staking experiences across decentralised protocols, including but not limited to Lido, Rocket Pool, Cosmos/Keplr and/or other PoS ecosystems with strong delegator UX. This analysis should identify the UX patterns, information design, and onboarding flows that make these experiences work. What can we learn from the best decentralised staking UX?
- Primary analysis (external competitive frame): Side-by-side comparison of the Explorer delegation flow vs. the staking experiences offered by major exchanges (Binance, Coinbase, Kraken) for comparable PoS tokens. No major exchange currently offers a user-facing LPT staking product, but their staking UX for other tokens sets a standard users expect.
- Standardised baseline scenarios (for comparable measurement)
- Use the same comparison dimensions as in the Competitive Teardown above, and explicitly quantify total fees, under consistent starting states:
- Scenario A (Fiat start): new user starting from fiat → staked/delegated
- Scenario B (Funds already on exchange): user already has funds on exchange → staked/delegated
- Include at least one concrete comparison like “What does it take to get $100 → staked LPT?” (time, steps, fees, failure points) across platforms.
- Use the same comparison dimensions as in the Competitive Teardown above, and explicitly quantify total fees, under consistent starting states:
- Gap specification
- Map each identified UX gap to a specific Explorer screen, flow, or missing feature
- Classify gaps by severity (blocking, friction, polish) and estimated effort (small / medium / large)
- Highlight the gaps that most plausibly explain the shift toward custodial staking
- Design brief: “Permissionless staking experience”
- What would a new user need to see and do in the Explorer to choose self-custody delegation over leaving LPT on an exchange?
- Wireframes or annotated flow diagrams (not just a written list) for the redesigned delegation journey
- Cover: discovery/landing, orchestrator selection, delegation execution, earnings monitoring, and re-delegation/exit
- Address the specific trust and clarity signals that custodial services provide and the Explorer currently lacks (yield clarity, risk framing, earnings visibility)
- Instrumentation plan
- What events and metrics need to be tracked to measure delegation conversion going forward
- Minimal and implementable, scoped to what can be added to the Explorer’s existing codebase without major infrastructure changes
- Propose a baseline measurement approach so future UX improvements can be evaluated
- Prioritised backlog
- Top 10–15 improvements ranked by: expected impact on self-custody delegation competitiveness, implementation effort, and dependency chain
- Clear split: quick wins (shippable via retro grants) vs. larger items (follow-on build RFP)
- Each item should reference the competitive teardown evidence that motivates it
Out of Scope
- Diagnosing why delegator count is declining (recent analysis confirms stake is centralising because exchanges are delegating custodial holdings, not because users are opting into custodial staking products)
- Implementing UX changes (this is an analysis + design specification scope)
- Protocol-level changes to staking mechanics (separate governance process)
- General-purpose user research unconnected to the competitive comparison
- Outreach / conversion strategy to migrate exchange-delegated LPT toward Explorer-based self-custody delegation (higher earnings, voting rights, orchestrator choice).
- Arbitrum liquidity readiness for sustained new stake originating from fiat — does the contributor see any concerns from the journey/teardown research?
Definition of Done — by Tranche
| Tranche | % Budget | Unlocks On |
|---|---|---|
| 1 — Signing | 25% | Audit plan agreed, competitive teardown scope confirmed (which services, which dimensions), kickoff doc filed |
| 2 — Delivery | 50% | Competitive teardown delivered, gap specification delivered, design brief with wireframes delivered, instrumentation plan delivered |
| 3 — Impact | 25% | Prioritised backlog accepted by Review Team after a public comment window (≥7 days) on the forum, with community feedback/reaction explicitly weighed as part of acceptance. At least 3 items converted into follow-on work (retro grants or RFP scope) within 30 days of acceptance. |
3. Capabilities Required
Skills
- Product design and UX analysis (competitive teardowns, information architecture)
- Ability to produce wireframes or annotated flow diagrams (Figma, or equivalent)
- Familiarity with web3 wallet interaction patterns and staking UX conventions
- Experience analysing decentralised protocol UX (delegation flows, validator/orchestrator selection, reward mechanics)
- Ability to read a modern web codebase (Explorer is React/Next.js) enough to assess instrumentation feasibility
Knowledge
- How centralised staking services (Binance, Coinbase, Kraken) present yield, risk, and onboarding to retail users for comparable PoS tokens
- How decentralised staking ecosystems (Cosmos/Keplr, Lido, Rocket Pool or others) handle delegator onboarding, validator discovery, and earnings transparency
- Livepeer delegator mechanics (L1/L2 bridging, orchestrator selection, reward cuts, bonding/unbonding)
- Web3 onboarding friction points and trust/risk communication patterns
Attitude
- Evidence-first: every recommendation grounded in the competitive comparison, not opinion
- Design-oriented: outputs should be visual and specification-ready, not just written analysis
- Comfortable working in public and with async feedback from the Foundation team
4. Proposal Requirements
Please include:
- Contributor / Team Overview
- Why you’re a fit (prior UX competitive analysis, staking product design, or delegation UX work)
- Approach & Timeline (mapped to tranches above)
- Which competitive services you will analyse (primary: Binance, Coinbase, Kraken staking UX for comparable PoS tokens; secondary: best-in-class decentralised staking/delegation experiences, e.g. Lido, Rocket Pool, Cosmos/Keplr or others you propose)
- Design output format (Figma, annotated screenshots, other)
- Pricing breakdown
- Conflict of interest disclosure
5. RFP Timeline
| Milestone | Date |
|---|---|
| RFP Posted | 2026-05-18 |
| Application Deadline | 2026-05-24 |
| Decision Announced | 2026-05-29 |
| Project Start | 2026-06-01 |
| Expected Completion | 2026-07-03 |
6. Proposal Submission Instructions
Reply to this forum post in the comments with your proposal (linking a doc or including it inline).
Questions: reach out to @rickstaa on Discord.
7. Decision & Governance
Selection criteria:
- Quality and specificity of competitive analysis approach, and do they understand what makes exchange staking UX set user expectations, and why users default to holding on exchanges?
- Demonstrated ability to produce design-ready specifications (wireframes, annotated flows), not just written reports
- Practical instrumentation plan that respects the Explorer’s current technical constraints
- Speed and clarity of execution