Analysis of ALT: Leading the innovative path of EigenLayer ecology
$ALT From the top, it has fallen by 60%. The wash-out is quite severe. Retail investors have almost handed over their chips. Judging from the circulating market value and total market value, it is not impossible for the coin price to return to 0.7-0.8. It just so happens that alt has recently had a major positive news.
AltLayer staking has entered the second stage and introduced the re-staking ALT token reALT.
Let's first understand what reALT is?
reALT is an automatically compounding ERC20 token that captures the holder's ALT staking contribution and accumulates the compound interest rewards obtained. reALT will be issued to users who stake ALT in the main staking pool.
Holders earn stALT through staking contributions. stALT is an ERC1155 token that represents the holder's staking contribution in the main staking pool. stALT can be manually converted to reALT through the portal.
After reALT is issued, it can be delegated to multiple Launchpools related to re-staking Rollups such as the Xterio pool. AltLayer will take regular snapshots of real ALT and use them to calculate future pool rewards.
In addition, AltLayer will deprecate the existing Xterio LaunchPool and encourage all users to migrate to the new reALT-powered Xterio pool. The Xterio LaunchPool Phase 1 cooldown has now been changed to 0 days, allowing users to withdraw immediately and switch to Phase 2; the staking portal will now allow opt-in to Xterio LaunchPool (Phase 2) to earn Xterio ecosystem rewards through the reALT treasury, which will continue to track the TVL of Phase 1 and Phase 2 Xterio LaunchPools for future rewards. #ALT再质押生态
The current altcoin price is only 0.29. Stimulated by the positive effects of re-staking, it is expected to hit 0.4-0.5 in the short term, and the long-term target is above 1!