is glad to announce the launch of (beta).
This tool is our first contribution to the community hoping to make a positive impact on user and network usage.
We encourage LPT holders and transcoders to give it a try and provide us with your feedback.
Motivation
Our motivation is to deliver a positive change to the experience of holders engaged in the Livepeer network.
The first objective is to contribute to the Livepeer ecosystem an open-source implementation for a pro-active alert notification experience that will help LPT holders to be updated and understand how the delegates they are delegating the to are performing in near real time (the delegates are currently called “transcoders”, they will be renamed to “orchestrators” in Streamflow implementation).
The second goal is to proactively engage LPT holders on how much they’ve earned from inflation during the last days.
The third goal is to proactively re-engage LPT holders who are not delegating yet or stopped delegation, so that we can positively impact on the target network participation rate.
The service will enable holders to sign up to receive notifications using their e-mails and/or user and their addresses . We’ll do our best to prioritize the user experience (UX).
Problem
A transcoder should call reward automatically at the very start of a round. This action generates newly minted LPT that gets split amongst them and their delegators.
If transcoders fail to invoke reward during a round (a shaky connection to an node, or high gas prices, can cause this TX to not be submitted), then they miss out on the newly minted LPT, and so do their delegators. It is very bad to not call reward, as it’s a big missed opportunity. that does not come back for both, the transcoder and the delegators.
Why is this tool required?
Currently, holders have no easy way of knowing if the transcoder they bond to fails to call reward, and therefore one may miss out an inflationary as a holder without ever knowing it. Furthemore, holders want to know how their LPT are performing by having insight information on earnings.
As a delegator I would like to receive an alert notification every day that tells me whether my transcoder called the reward or not, and how much I earned from inflation. I would like to receive this as an email and/or notification.
As a Transcoder I would like to be notified if there was something wrong with my node and the reward was not called in the current round automatically (Bonus track. Feature coming soon).
Livepeer.tools
provides the following features:
- Token holder account summary: a Dashboard that provides an at-a-glance view of your participation in the network and receive tips on how to improve your earnings.
- Subscription for token holders to receive daily notifications (email and/or ).
- Subscription for transcoders to receive proactive notification on failing reward calls (email and/or ).
Landing page
Token holder — Your account
Email notification
Telegram notification (plus bot interaction)
Your feedback
Your feedback will be much appreciated. It will help us fix bugs, and improve and add more features to these Livepeer Tools.
Please create an issue or drop me an email at manuel@protofire.io.
Open Source
Being an open-source project, we encourage the developer community to contribute and ultimately continue advancement of the tool in a decentralized manner. We believe developing the tool set in an open-source way will help both developers and end users to build more trust towards the applications.
Published at Tue, 29 Jan 2019 16:11:38 +0000
