XTZ owners can now "EliteBAKE" their holdings for additional gains. The "baking" concept is not new to the community, as it is how the blockchain is secured and those securing it are compensated.
The new "EliteBAKING" feature was developed to compete with other passive-income-like asset mechanisms (such as PoS and DeFi).
Although it requires a minimum threshold amount of XTZ, the rewards too, are significantly greater. We are rewarding increased incentives for the first 3000 Elitebakers, including immediately crediting the first reward they are entitled to.