Sun Gee smiled! Life or death is unpredictable! Justin Sun has made another big move recently!
Justin Sun is in the game! The re-staking track explodes
Justin Sun’s recent cryptocurrency deposit activity is once again in the spotlight.
First of all, the re-staking track is similar to a financial nesting doll. After staking once, you can make a second pledge to get double the annualized income. You can even use it three times after getting the eETH of the platform, which is a huge improvement. The utilization rate of funds has been improved, and the product is very promising.
Next we will introduce
ALT re-staking ecosystem @AltLayer
AltLayer is a groundbreaking decentralized Rollups protocol. By introducing the innovative concept of "re-pledge Rollups", AltLayer combines existing rollup technologies (such as OP Stack, Arbitrum Orbit, etc.) with EigenLayer's re-pledge mechanism, significantly improving its security, decentralization level, Interoperability and the rapid finality of the crypto-economy.
AltLayer has successfully raised $21.6 million from investors including Polychain, Heck, Binance, OK, Jump Crypto, etc. Mainstream projects such as OP, ARB, ZKS, etc. have adopted AltLayer's infrastructure services.
AltLayer re-pledge ecosystem
AltLayer is working with the following leading projects:
Cyber: Web3’s largest decentralized social network, launching Cyber L2 in partnership with AltLayer. Xterio: The top Web3 game platform, AltLayer launches OP Stack-based L2 for it. Injective: Work with AltLayer to create quick final frames. Swell: Fast-growing Ethereum liquidity re-staking protocol, AltLayer supports its zkEVM Layer 2. MyShell: Decentralized AI native application platform, AltLayer assists in deploying testnet. B² Network: Bitcoin Layer 2 solution with AltLayer supporting its mainnet launch.
Project core
AltLayer’s core product – re-staking Rollups
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This is achieved through the following three key products:
VITAL: As the validation layer of Rollup, it consists of a set of registered AVS operators who are responsible for validating all new states proposed by SQUAD operators. MACH: Provides a fast finality layer for Ethereum Rollups, supports ZK and Optimistic Rollups, and supports multiple proof systems and runtime environments.SQUAD: A decentralized sorter network designed for Rollup, allowing anyone to join after registering on AVS.
Through EigenLayer's re-staking mechanism, VITAL (AVS for decentralized verification of Rollup status), MACH (AVS for fast finality), and SQUAD (AVS for decentralized sorting) form vertically integrated Actively Validated Services (AVSes), effectively solving problems such as verification, slow finality, and centralized sorting. AltLayer is currently the largest AVS node and a major partner of EigenLayer (TVL $14 billion).
reALT Token
After users stake ALT in the main staking pool, they will receive reALT tokens. The advantages of reALT include automatic compounding, ALT staking rewards are automatically compounded every week, and multiple returns can be achieved without unstaking. Users can participate in multiple LaunchPools at the same time.
Currently, on Xterio, the re-staking scale of reALT has reached 60 million; on DODO, the re-staking scale of reALT is 26 million. Using reALT to stake can obtain ecosystem rewards from Xterio and DODO. As the official Phase II of the staking plan advances, it is expected to generate more synergies with LaunchPool partners.
Price Expectations
In the current Ethereum ecosystem, various value coins generally perform poorly, and the main network gas fee has dropped to single digits. Against this background, it is difficult for ALT prices to rise significantly. The current price has reached the support level. If the adjustment is completed, the price is expected to rise to around US$0.45; if it falls below the support level, it may fall to between US$0.2-0.25. However, it is not expected to fall sharply, and the lowest market value may fall to 200 million.
In the short term, the price will be adjusted around US$0.3. However, in the long run, the project has raised another $14.4 million in February since the airdrop on January 25. In August last year, it also received separate strategic financing from Binance and launched the reALT re-staking model. The subsequent coin price is expected to rise. When the trading volume surges, it will be an excellent opportunity to enter the market.
What do you think the price will be! ! !