> ## Documentation Index
> Fetch the complete documentation index at: https://na-36-mintlify-aebde2c5.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Delegators

> How delegators back orchestrators with LPT and participate in Livepeer’s security and economic outcomes.

Delegators are LPT holders who bond stake to orchestrators instead of running infrastructure directly.

They provide economic backing that helps secure participation and align incentives.

## Core Responsibilities

* Select orchestrators to back with stake
* Monitor operator performance and risk
* Reallocate stake as conditions change
* Participate in governance where relevant

## How Delegators Earn

Delegators can share in:

* Protocol reward outcomes where applicable
* Usage-based fee outcomes according to orchestrator economics

Returns depend on operator behaviour, stake distribution, and network usage.

## Delegator Decision Factors

* Operator reliability and historical performance
* Commission and split configuration
* Network concentration and decentralization considerations
* Long-term alignment with protocol direction

## Important Tradeoffs

Delegating can improve participation access, but it still carries risk:

* Operator underperformance
* Market volatility and variable demand
* Governance and concentration risk

## Related Pages

* [Livepeer Token](../../protocol/livepeer-token)
* [Protocol Economics](../../protocol/economics)
* [Orchestrators](/v2/orchestrators/portal)