# Ctez: a synthetic tez backed by tez for better composability as an alternative to the virtual baker

**URL:** https://forum.tezosagora.org/t/ctez-a-synthetic-tez-backed-by-tez-for-better-composability-as-an-alternative-to-the-virtual-baker/2612
**Category:** Research and Development
**Created:** [January 18, 2021, 12:48pm UTC](https://forum.tezosagora.org/t/ctez-a-synthetic-tez-backed-by-tez-for-better-composability-as-an-alternative-to-the-virtual-baker/2612 "2021-01-18T12:48:40Z")
**Posts on this page:** 1
**Showing post:** 9

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### Author: ![murbard](https://forum.tezosagora.org/user_avatar/forum.tezosagora.org/murbard/32/67_2.png) [@murbard](https://forum.tezosagora.org/u/murbard)
#### Post date: [February 28, 2021, 1:09am UTC](https://forum.tezosagora.org/t/ctez-a-synthetic-tez-backed-by-tez-for-better-composability-as-an-alternative-to-the-virtual-baker/2612/9 "2021-02-28T01:09:42Z")

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I think the point is that there won’t really be delegation payments. The natural issuer of ctez is a baker.

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