Big Crypto Rewards Announced in ALT Restaking Ecosystem 🌀

ALT introduces Phase II of AltLayer staking with reALT, the restaked ALT Token. reALT enhances staking benefits and ecosystem participation.

reALT Token Overview:

reALT, or restaked ALT Token, is an auto-compounding ERC20 share token that captures and compounds ALT staking rewards. It's issued to users staking ALT in the main pool.

Benefits of reALT for Stakers:

1. Auto-compounding rewards on a weekly basis.

2. No need to unstake from the main pool to join LaunchPools, maximizing APY.

3. Seamless conversion from stALT to reALT for diversified pool participation.

Important Updates:

- Xterio LaunchPool (Phase I) now has a 0-day cooldown for easy migration to Phase II.

- ALT staking pool's cooldown period returns to 21 days after a 7-day grace period post-Phase II launch.

In Summary:

reALT enhances AltLayer's staking program, fostering ecosystem growth and preparing for the MACH Alpha launch.

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