LensCap - Free game clip recorder that costs you almost no frames
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LensCap keeps the last few minutes of your game in a rolling buffer encoded on the GPU, so one hotkey saves what already happened. Trim and edit clips in the built-in multi-track editor, share them as a link, or stream live to Twitch and Kick. Recording is free, with no watermark, no ads and no account, on any GPU with a hardware encoder. Built from scratch for Windows, not on top of OBS. Pro (US$5 a month) only raises the sharing limits.

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Hi, I'm Max, and I make LensCap on my own in Perth, Australia.
I built it because every clip recorder I tried cost me frames or covered my clips in a watermark. LensCap records on the GPU, keeps the last few minutes on disk, and saves them the moment you press a key. On my PC (RTX 5070, Ryzen 9 5900X) it uses about 1.3% CPU recording 1440p at 60 fps.
Recording is free and stays free. There is a multi-track editor built in, clips share as a link, and it streams to Twitch and Kick. Pro is US$5 a month and raises the sharing limits and gives you access to the multistreaming.
I'd like to hear what breaks for you, and which game it missed.