LIVEHello everyone, today I will introduce you to AltLayer (ALT) and its innovative Restaking Ecosystem, which is changing the future of staking in Ethereum.
AltLayer (ALT) is changing how Ethereum staking works with its new Restaking Ecosystem. Since starting in late 2021, ALT has been helping more than 40 partners create and customize application chains using rollup technology. Projects like Xterio, SWELL, and DODO have used AltLayer's expertise to launch Restaked Rollups with advanced re-staking models,
ALT users can stake ALT tokens in the main reward pool to earn base rewards. But what makes ALT special is its unique restaking system. By re-staking ALT tokens in various Launchpool pools, users can qualify for future rewards from projects like Xterio, SWELL, and DODO.
The reALT restaking model introduces a new idea in staking. reALT is an auto-compounding ERC20 share token that collects a user's ALT staking contribution and the rewards earned from compounding. It is given to users staking ALT in the main pool, making it easy to maximize rewards.
ALT Restaked Rollup and Launchpool are big advancements in technology and token economics. They not only improve Ethereum's scalability but also create a more sustainable ecosystem for users and developers.
ALT is a key player in the AVS publishing platform, the biggest AVS node, and the top contributor and partner of EigenDA in the EigenLayer ecosystem. This makes it an important part of shaping Ethereum's future scalability and decentralized applications.
I hope you found this introduction to AltLayer and its Restaking Ecosystem informative then please like this post 👍🙂