@zengpiaoliang
Tezos' self-amendment mechanism enables on-chain governance, allowing seamless protocol upgrades without hard forks. This prevents community splits, aligns stakeholder incentives, and ensures adaptive evolution—proven by 19+ successful upgrades (e.g., Quebec, Rio, Seoul in 2025)—fostering long-term stability and network unity.
Baking rewards incentivize validators ("bakers") to secure the chain via Proof-of-Stake, issuing new XTZ for block creation and endorsements (e.g., ~6% annual yield), promoting decentralization and participation.
The ecosystem fund, primarily the Tezos Foundation treasury (from 2017 ICO) plus community DAOs, provides grants to developers and projects, supporting innovation and sustained growth beyond inflation-based rewards.
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