2019-10-07 - We are max capacity!

Baking is the process by which new Tezos are created and how transactions become permanent on the Tezos blockchain. Anyone running a Tezos node can become a baker, provided they have enough capital to prove themselves. Bakers receive a reward from participating in this very crucial component of the Tezos network.

Delegation is the act of telling the Tezos network that you would like another entity to utilize your tokens for the purposes of baking, or creating, new Tezos blocks. If you do not posses enough Tezos to be your own baker, or you simply do not wish to incur the time, effort, and secure infrastructure to run a node, you can delegate your Tezos to a baking group like Baking Tacos.

Zero. None. Zilch. Nana. The big empty. There is absolutely no risk to you. Delegation is NOT the transfer of tokens. Delegation is more like a proxy; Your Tezos NEVER leave your control.

We retain 8% of baking rewards; One of the lowest rates among other bakers. We disperse the remaining 92% to our delegators, proportional to the amount they delegated to us.

There are many safeguards built-in to the Tezos network. One of these revolves around rewards from the baking process. After a block is baked, the network does not release those rewards for 5 cycles (approx. 15 days). We will disperse rewards during the same cycle as when we receive them from the network.

Yes. Dispersement of rewards goes back to the same address from which you delegated to us. This will naturally increase your stake with us, thus compounding your delegation rewards.

You must not like tacos! We jest. Baking Tacos has one of the highest reward returns for delegation (92%), so you would earn more with us. We operate our baking nodes with the strictest of IT security practices in multiple datacenters all over the world. We are very fast to respond to help requests and general contact. We have 100% efficiency in our baking! No bakes missed!

You will need our baking address, tz1RV1MBbZMR68tacosb7Mwj6LkbPSUS1er1, a Tezos wallet of some kind, and any amount of XTZ.

Below are three of the top web-wallets that we recommend. Follow any of the links to get detailed instructions on how to delegate your XTZ to Baking Tacos.

Magnum Web-wallet

Galleon Desktop Wallet

When a baker is chosen to bake a new block, or to endorse it, the baker must put forth a certain amount of Tezos as a guarantee. If the baker somehow acts in a way that can harm the blockchain, the bond is lost.

This risk of bond loss is only to the baker. As a delgate, your Tezos are not at any risk of loss.

There is no requirement to sign up with Baking Tacos. We will pay out rewards to anyone who delegates to us within our bond ability, on a first-come, first-serve basis.

Anyone who bakes on the Tezos network must put forth a security deposit known as a bond. Each time you bake, a portion of that bond is locked. Should the baker do bad things, the locked funds will be destroyed. If all goes well, they will be released.

If a baker cannot put forth the necessary bond amount, they cannot be chosen to bake and they lose out on the rewards.

A baker needs approximately 15% of their staking balance in bond holdings. If a baker has more staking balance than they can bond, they are considered ‘over delegated.’

Baking Tacos does not require any delegation minimums. However, to cover the cost of the transaction fees, starting on cycle 170, we will impose a payout minimum of 0.001793ꜩ.

If your reward earned in a particular cycle is less than 0.0017931ꜩ, we will hold this balance and roll it forward to all future cycles. Once you reach 0.001793ꜩ, we will send your payout.

Any address which delegates to us an amount that causes us to become overdelegated, will NOT receive any rewards.

If additonal delegators continue to delegate to us while in a state of overdelegation, these too will NOT receive any rewards.