Transcoder Campaign: Video DAC

The node successfully called reward for Round 1304, receiving 402.23 LPT in rewards.

117228.00 LPT is currently delegated towards the node, including 60.49 LPT of the node’s own stake.

The node successfully called reward for Round 1305, receiving 403.85 LPT in rewards.

116358 LPT is currently delegated towards the node, including 62.76 LPT of the node’s own stake.

The node successfully called reward for Round 1306, receiving 398.95 LPT in rewards.

116771 LPT is currently delegated towards the node, including 65.01 LPT of the node’s own stake.

The node successfully called reward for Round 1307, receiving 400.48 LPT in rewards.

117104 LPT is currently delegated towards the node, including 67.27 LPT of the node’s own stake.

The node successfully called reward for Round 1308, receiving 398.88 LPT in rewards.

116537 LPT is currently delegated towards the node, including 19.27 LPT of the node’s own stake. 50 LPT is being unbonded to pay for work being undertaken as part of the project’s Phase 2.

The node successfully called reward for Round 1309, receiving 400.45 LPT in rewards.

116936 LPT is currently delegated towards the node, including 21.47 LPT of the node’s own stake.

50 LPT is being unbonded to pay for work being undertaken as part of the project’s Phase 2.

The node successfully called reward for Round 1310, receiving 401.62 LPT in rewards.

117369 LPT is currently delegated towards the node, including 23.59 LPT of the node’s own stake.

50 LPT is being unbonded to pay for work being undertaken as part of the project’s Phase 2.

Thanks to the work of @huangkuan from Scout, this node now has a Transcoder Dashboard, where anyone can check current and historical data from the node’s operations.

You can check it out here - please feel free to leave feedback here, or send directly to @huangkuan!

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The node successfully called reward for Round 1311, receiving 402.85 LPT in rewards.

118001.28 LPT is currently delegated towards the node, including 25.73 LPT of the node’s own stake.

50 LPT is being unbonded to pay for work being undertaken as part of the project’s Phase 2.

The node successfully called reward for Round 1312, receiving 405.01 LPT in rewards.

118526.13 LPT is currently delegated towards the node, including 27.88 LPT of the node’s own stake.

50 LPT is being unbonded to pay for work being undertaken as part of the project’s Phase 2.

The node successfully called reward for Round 1313, receiving 406.15 LPT in rewards.

118932 LPT is currently delegated towards the node, including 30.05 LPT of the node’s own stake.

50 LPT is being unbonded to pay for work being undertaken as part of the project’s Phase 2.

The node successfully called reward for Round 1314, receiving 407.17 LPT in rewards.

119319 LPT is currently delegated towards the node, including 32.23 LPT of the node’s own stake.

The node successfully called reward for Round 1315, receiving 410.31 LPT in rewards.

120245 LPT is currently delegated towards the node, including 34.43 LPT of the node’s own stake.

The node successfully called reward for Round 1316, receiving 411.12 LPT in rewards.

120462 LPT is currently delegated towards the node, including 36.64 LPT of the node’s own stake.

The node successfully called reward for Round 1317, receiving 413.07 LPT in rewards.

121271 LPT is currently delegated towards the node, including 38.87 LPT of the node’s own stake.

The node successfully called reward for Rounds 1318, 1319 and 1320.

97242 LPT is currently delegated towards the node, including 44.71 LPT of the node’s own stake.

The videoDAC project has been making good progress with the Livepeer Delegator app for Aragon.

This app allows an Aragon DAO which holds LPT to BOND its stake to a Transcoder in Livepeer’s network, so that it receives inflationary reward.

All decisions about which node to bond to are decided by a vote of all vote-holders in the DAO.

The app is installed on an Aragon DAO running on Rinkeby at this address: https://rinkeby.aragon.org/#/livepeerdelegator.aragonid.eth/

The code and installation instructions for this are in videoDAC github: https://github.com/videoDAC/livepeer-delegator-aragon-app

DM me if you’re interested in using this App for your Aragon DAO, or go ahead and install it

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Funding and Reward Update

The node successfully called reward for Rounds 1321, 1322, 1323, 1324 and 1325.

95661 LPT is currently delegated towards the node, including 53.96 LPT of the node’s own stake. Thanks to all of you for delegating your stake to this node so far.

So far the node has consistently called reward ever since it has been active, meaning that delegators will have received rewards in every round.

Development Update - Phase 2

Phase 2 of the project is almost complete, with the release of the Livepeer Delegator App for Aragon DAOs.

This app allows a DAO to APPROVE > BOND > CLAIM > UNBOND > WITHDRAW, with each step requiring to pass a vote of all vote-holders in the DAO.

This means that a DAO which holds LPT can participate in Livepeer’s staking protocol, and crowd-source decisions about its activities.

The code and installation instructions for this app are available in Video DAC’s github repository, so that anyone with an Aragon DAO can install this application in their DAO.

Future Funding Proposal - Increase Reward Cut

The project is preparing to commence development of Phase 3 - to allow a DAO to act as a Transcoder in Livepeer’s network.

In order to fund the development of this, we are proposing to increase the Reward Cut to 6.35%. This will provide sufficient funding for the project’s development resource to focus on this project full time.

Once this phase of development is complete, all changes to the Node’s Reward Cut will be governed by vote in the DAO.

Please reply in the comments if you have feedback on this proposal.

Reminder - Future Funding Proposal - Increase Reward Cut

The project is preparing to commence development of Phase 3 - to allow a DAO to act as a Transcoder in Livepeer’s network.

This will allow decisions about the operation of a Transcoder to be made democratically based on a voting system. This will include decisions such as setting of reward cut, fee share and price per segment.

In order to fund the development of this, we are proposing to increase the reward cut to 6.35%. This will provide sufficient funding for the project’s development resource to focus on this project full time.

Once this phase of development is complete, all changes to the Node’s Reward Cut will be governed by vote in the DAO.

The proposal is to make this change on Monday 29 April 2019.

Please reply in the comments if you have feedback on this proposal.

Update on Livepeer Aragon App

The Livepeer Aragon App enables an Aragon DAO to govern aspects of the roles of Delegator and Transcoder in Livepeer’s protocol.

The project is pleased to announce the release of the testnet version of this application - available for installation into any Aragon DAO on Rinkeby.

This is a key piece of the Video DAC project, to provide a mechanism to generate revenue from Delegating and Transcoding activities, which can be used to fund development of video-enabled applications using Livepeer.

For more details of the project, see the app’s github repository, and if you are participating in a DAO on Aragon and would like to install the app, here’s a link to the installation guide.

To support this project, you can bond your LPT to the project’s Transcoder using the project’s page on Livepeer Explorer.

Please direct any feedback to the videoDAC project’s Telegram channel.