What is Livepeer?

Launched in 2017, Livepeer is a decentralized video streaming infrastructure protocol built on Ethereum, offering a blockchain-based alternative to centralized streaming platforms by facilitating live and on-demand video transcoding through a distributed network of node operators. It enables developers to embed efficient, cost-effective live video capabilities into applications via an open marketplace of compute resources and tools such as the Livepeer Media Server (LPMS).

What is LPT?

The native token of the protocol is LPT, which operates on the Ethereum blockchain. LPT is used primarily for staking and coordinating the work of node operators (referred to as orchestrators), who perform video transcoding and are rewarded in ETH and LPT. Holders who don't run nodes directly can delegate their tokens to orchestrators and earn a portion of the fees and inflationary issuance, making delegation a key participation method. LPT holders may also participate in governance functions. There is a total supply of 43.34 million units of LPT, with all 43.34 million units currently in circulation.

Risk Statement

Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform.

Wealthsimple has performed an assessment of whether LPT can be supported by Wealthsimple's platform, including whether LPT is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

We evaluated LPT based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of LPT, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created LPT;
• The supply, demand, maturity, utility and liquidity of LPT;
• Material technical risks associated with LPT, including any code defects, security breaches and other threats concerning LPT and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them;
• Legal and regulatory risks associated with LPT, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of LPT; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdictions regarding whether LPT, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple's original assessment of those assets, including Wealthsimple's assessment of the application of securities and derivatives laws. Any significant changes relating to LPT may result in changes to this Crypto Asset Statement and/or Wealthsimple's ability to support LPT.

Like all other crypto assets, there are some general risks to investing in LPT. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading LPT. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision).

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last Updated: August 26, 2025