Tezos
What Tezos (XTZ) token holders need to know about the new Everstake baker
When you delegate funds to baker (a validator in the Tezos network), you will receive a reward after some time. A fee is charged for every t
JUL 17, 2020
Last updated JUL 17, 2020 · V1
When you delegate funds to baker (a validator in the Tezos network), you will receive a reward after some time. A fee is charged for every token transfer in the network.
But with the release of the new baker, the Everstake validator covers the staking fee for you and will continue to do so! If you delegate to the old baker, then you need to re-delegate XTZ tokens to the new baker, and then the fee will decrease from 8% to 5%, and staking with Everstake will become even more profitable. If you haven’t done this yet, you’re more likely to switch to a new baker. Information about the old and new baker is provided below.
The old baker
Name: Everstake Legacy
Address: tz1MXFrtZoaXckE41bjUCSjAjAap3AFDSr3N
Current fee: 8%
The fee after August 1: 15%
The new baker has the following characteristics:
New baker
Name: Everstake
Address: tz1aRoaRhSpRYvFdyvgWLL6TGyRoGF51wDjM
Fee: 10.9%
Attention all current and future Everstake delegates! Please delegate/redelegate your XTZ tokens to the new baker. You will continue to receive rewards and will not miss anything!
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