⚠️ What is $ALT Restaking Ecosystem ?
🔸The reALT token: All you need to know!
reALT is short for the restaked ALT Token, an auto-compounding ERC20 share token that captures the ALT staking contribution of a holder and accumulates the compounding rewards earned. reALT token is issued to users staking ALT in the main staking pool.
Underneath reALT is a token named stALT, short for staked ALT token. stALT is an ERC1155 token that represents the staking contribution of the holder in the main staking pool. The stALT token can be manually converted to reALT token via the portal.
🔸reALT for a seamless staking and restaking experience
Starting from Phase II, users will now stake ALT token in the main pool and get reALT token. The staking portal also includes a utility tool to convert stALT to reALT token.
The reALT token can then be delegated into different pools simultaneously. Instead of staking ALT tokens into the pools, users will now need to stake reALT to earn pool rewards.
🔸ALT Layer Stated The following Regarding The Launchpool
Enjoy seamless migration from Phase I-II of staking. AltLayer will deprecate the existing Xterio LaunchPool & facilitate rapid migration to the reALT-powered pool.
Holders of reALT can delegate their tokens to multiple LaunchPools associated with restaked rollups, like the Xterio pool, without needing to unstake from the main ALT staking pool.
🔺𝘼𝙡𝙩𝙇𝙖𝙮𝙚𝙧 𝙈𝘼𝘾𝙃 𝘼𝙑𝙎 𝙩𝙤 𝙨𝙚𝙧𝙫𝙚 𝙊𝙥𝙩𝙞𝙢𝙞𝙨𝙢 𝙢𝙖𝙞𝙣𝙣𝙚𝙩
🔺𝙓𝙩𝙚𝙧𝙞𝙤 𝙈𝘼𝘾𝙃 𝘼𝙑𝙎 𝙩𝙤 𝙨𝙚𝙧𝙫𝙚 𝙓𝙩𝙚𝙧𝙞𝙤’𝙨 𝙊𝙋 𝙎𝙩𝙖𝙘𝙠 𝙧𝙤𝙡𝙡𝙪𝙥 𝙢𝙖𝙞𝙣𝙣𝙚𝙩
As the name suggests the AltLayer MACH will serve one of the most popular rollup in the market, i.e., OP Mainnet; while the Xterio MACH AVS will serve the Xterio rollup — a gaming tailored OP Stack rollup.
Xterio chain takes the form of a “restaked rollup”, a framework pioneered by AltLayer. Xterio MACH is therefore an instance of an AVS set up for an app-specific rollup. The AVS will validate rollup blocks produced by the Xterio chain and serve as its fast finality layer.
