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Choosing an orchestrator is the most consequential decision you make as a delegator. A well-run orchestrator with consistent reward calls and fair commission settings earns you meaningful returns. A poorly run one can earn you nothing even if its headline commission looks attractive. This page is for the decision. Once you have chosen an orchestrator, move to Delegate Your LPT for the wallet flow.

Before you start

You need:
  • LPT on Arbitrum One
  • a small ETH balance on Arbitrum One for transactions
  • a compatible wallet connected to Livepeer Explorer

Bridge LPT to Arbitrum

Move or acquire LPT on Arbitrum One before you try to delegate it.

What bonding means

Review the risk model and stake mechanics before you compare operators.

Step 1: Confirm active-set status

Start in Livepeer Explorer. Filter the orchestrator list to currently active operators, then open each candidate profile you are seriously considering. If an operator is not active now, your stake helps them compete for activation but does not earn round rewards until they are active.

Step 2: Check reward-call reliability

This is the first real quality gate. Before commission, before branding, before social presence, check the recent reward-call history. Strong signal:
  • near-perfect reward calling across recent rounds
  • no recent streak of missed rounds
  • no sign that the operator is underfunded for gas or operationally absent
Weak signal:
  • frequent missed rounds
  • long gaps
  • recent inactivity with no visible recovery
Missing reward() means the delegator pool simply misses that round’s inflation. There is no catch-up call in the next round.
The common causes are operator downtime, poor automation, or running out of ETH for transaction gas.

Step 3: Compare commission terms

rewardCut

This is the percentage of inflationary LPT the orchestrator keeps before the rest is shared with delegators.
  • lower is better for delegators
  • 10% means delegators share the other 90%

feeShare

This is the percentage of ETH fees the orchestrator passes to delegators.
  • higher is better for delegators
  • 80% means delegators share 80% of the fee revenue
As of 6 April 2026, current Explorer product surfaces use Fee Share, not Fee Cut. feeShare and rewardCut move in opposite directions for delegators: higher fee share is better, lower reward cut is better.

Step 4: Check concentration and resilience

After reliability and commission, look at how much of total bonded stake the operator already controls. Questions worth asking:
  • are they comfortably active or just above the cutoff?
  • are they already highly dominant?
  • are you comfortable contributing more stake concentration to that operator?
From a pure-yield perspective, big operators are not automatically better. From a network-health perspective, delegating only to already dominant operators can worsen concentration.

Step 5: Look for signs of durability

Optional, but useful for meaningful positions:
  • how long they have been active
  • whether they have visible governance participation
  • whether they communicate publicly
  • whether their recent history shows consistency instead of one good month

Selection checklist

  • currently active
  • reliable recent reward-call history
  • acceptable rewardCut
  • acceptable feeShare
  • not uncomfortably concentrated
  • durable enough for your risk tolerance

After you choose

Once the checklist is complete:
  1. open the chosen orchestrator’s profile in Explorer
  2. confirm they are still active
  3. follow the approval and bond flow in Delegate Your LPT

Frequently asked questions

No. One bonded position maps to one orchestrator per wallet.
Your stake remains bonded, but it stops earning active-round rewards until the operator returns or you redelegate.
Keep a small Arbitrum ETH balance available for the initial delegation plus later claim, redelegation, or unbonding actions. Use “small reusable balance” as the rule, not a fixed dollar amount.

Delegate Your LPT

Execute the approval and bond flow now that you have chosen an operator.

Delegation Economics

Use the reward model to compare the practical impact of these operator choices.
Last modified on April 7, 2026