All Livepeer protocol functionality has moved to Arbitrum, which offers faster transactions and lower costs for Livepeer broadcasters, orchestrators, and delegators.
After nearly 6 months of research and development and the approval of LIP-73, the Livepeer Network successfully began its migration to Arbitrum.
As Ethereum mainnet gas fees rose, it became clear that the high-fee environment made it challenging for Network participants to operate effectively and profitably. Orchestrators will immediately feel the impact of Arbitrum’s speed and radically lower gas price, which will help foster a much more efficient marketplace and smoother experience.
While we’ve focused primarily on the cost savings, this order-of-magnitude reduction in costs will enable new and exciting opportunities for both orchestrators and delegators. In the coming months, Livepeer Network core contributors will pursue additional improvements to the protocol, Explorer, and video pipeline that help orchestrators and delegators create and optimize their strategies.
Orchestrators should take action to migrate their stake prior to 2/21
As of today, orchestrators will not receive fees or inflationary rewards on the Ethereum mainnet; instead, all fees and rewards will be paid on Arbitrum. All orchestrators are strongly encouraged to migrate their stake to Arbitrum prior to 2/21. Orchestrators who do not migrate will be at risk of losing delegators to orchestrators who have migrated.
Delegators will be able to claim their stake after 2/21
Following a 7-day delay, delegators will be able to claim their LPT stake and any earned ETH fees on Arbitrum.
Support is available in the Livepeer Discord
If you need assistance, the Livepeer community and core contributors will be happy to help answer any questions via the #layer2-confluence-support channel in our Discord server. Do not accept offers to help migrate via DM; the #layer2-confluence-support channel is the only official support resource.
Other Notes
The technical specification for the Confluence upgrade can be found hereThe audit report can be found here. We will also be launching a bug bounty program with Immunefi; details to followDeployed contract addresses can be found hereThe Arbitrum Bridge will allow you to move ETH from L1 to L2, as well as LPT that is not delegated or stakedBecause protocol actions are disabled on the Ethereum mainnet, any LPT on L1 will need to be bridged to L2 to interact with the protocolThe Livepeer Explorer will be usable on Arbitrum onlyAny new orchestrators should launch using Arbitrum rather than the Ethereum mainnet
