Tezos is built to adjust, adapt, and add features and functionality through its proven on-chain upgrade mechanism.
We're making our bid on becoming the most lucrative staking opportunity on the market with the launch of the new EliteBaking mechanism.
"Baking" on the XTZ Blockchain has been around for a while, what's "Elite" about this new feature?
For starters, it will only be available for 3001 holders that can cover the minimum XTZ requirements, making it a more exclusive community, and thus producing much greater ROI on your staked XTZ.
EliteBaking mints a small amount of tez every block and deposits it inside of a constant product market-making smart contract. This incentivizes large amounts of decentralized liquidity between tez and tzBTC. Included several improvements that led to a 3-6x decrease in gas consumption of popular contracts.
