A laymans explanation of liquidity baking, how does it create that crazy APY, and what it means to the end user and how they can benefit. All of the medium articles I have seen so far are for developers, people in finance or people who love memorizing acronyms.

Liquidity baking is a L1 solution, so instead of using tokens to incentivize liquidity, the protocol pays Tez out every 30 seconds to the pool.

If you have any questions, feel free to reach out to me on twitter:

@macktezos

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