Correct. You need not be a part of YPP to use the creator features like custom thumbnails or live streaming. You just need to have a verified account (by phone): https://goo.gl/3iMkBG https://twitter.com/systemcoded/status/953620422284775424 …
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So the only thing that changes is that we won’t be able to monetize our content unless we have the views/subscribers, all other features will still be able for us... right?
Monetization-related features like Super Chat and Sponsorships won't be accessible if you're no longer in YPP, but you'll still have access to other features, like custom thumbnails, scheduling videos and YouTube Analytics.