Thought the block reward was 16XTZ?


I thought the block reward was 16XTZ + tx fees in that block. If that is the case, why am I seeing huge rewards on some of these bakers? (,


Staking generates rewards from 3 primary areas: Baking a block - 16xtz, Endorsing a block = 2xtz and transaction fees in the block. Since there are 32 endorsement slots for each block, each block is worth 32*2 + 16 + fees. ~80xtz.

Bakers have many more endorsement slots than baking slots, and endorsing ends up being a higher reward than baking most cycles.

Big bakers like ours ( have hundreds of baking slots and thousands of endorsing slots each cycle, hence the high level of rewards.