How do you make money on Livepeer?

Could you please elaborate on the ways to earn income through Livepeer? I'm particularly interested in understanding the mechanisms behind it. Is it primarily through staking or are there other avenues as well? Could you also explain how the rewards system works and what factors determine the amount of earnings? Additionally, are there any risks involved in earning money on Livepeer, and if so, how can they be mitigated? I'm keen to understand the overall process and the potential benefits it offers.