Unlock The Rewards of ALT Restaking Program 🌀
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AltLayer's staking program is entering Phase II with the introduction of a new token called reALT. Here’s a concise summary:
**reALT TOKEN INTRODUCTION:**
- reALT stands for "restaked ALT Token."
- It’s a new token that automatically reinvests rewards for those staking ALT tokens.
**FUNCTIONALITY:**
- Staking ALT tokens gives you stALT tokens, representing your contribution.
- These stALT tokens can be converted into reALT tokens via a designated portal.
**ADVANTAGES OF reALT:**
- reALT tokens can be used in various investment pools, such as the Xterio pool.
- They allow you to earn rewards from multiple sources without unstaking.
- Rewards are automatically reinvested weekly.
**STAKING POOL UPDATES:**
- The Xterio LaunchPool will be updated, encouraging users to switch to the new reALT-based pool.
- This switch is facilitated by an immediate withdrawal option.
- A 21-day cooldown period for withdrawals from the main staking pool will be reinstated after a 7-day grace period.
**LOOKING AHEAD:**
- reALT aims to boost engagement and rewards for participants.
- More collaborations and activities are planned as AltLayer prepares to launch MACH Alpha.
In essence, AltLayer is enhancing its staking system to make it more rewarding and user-friendly with the new reALT token.
