LaunchPools
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#ALTrestaking
The **#reALT restaking model** is a novel approach introduced by @AltLayer r as part of their Phase II staking strategy¹. Here's a breakdown of its key components and benefits:
- **#reALT Token**: Short for restaked ALT Token, reALT is an auto-compounding ERC20 share token that represents a holder's staking contribution and accumulates compounding rewards earned.
- **#stALT Token**: An ERC1155 token that signifies the staking contribution in the main staking pool, which can be manually converted to reALT tokens via a portal.
- **Auto-compounding**: reALT tokens enable weekly auto-compounding of ALT staking rewards, enhancing the overall yield for stakers.
- **#LaunchPools Participation**: 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.
- **Maximized APY**: By eliminating the need to unstake for participating in LaunchPools, stakers can enjoy a maximized Annual Percentage Yield (APY) from their investments.
This model allows stakers to engage in multiple pools simultaneously, providing greater exposure to various restaked rollup communities and incentives¹. It's a significant step towards more efficient and flexible staking mechanisms within the crypto ecosystem.$ALT
The **#reALT restaking model** is a novel approach introduced by @AltLayer r as part of their Phase II staking strategy¹. Here's a breakdown of its key components and benefits:
- **#reALT Token**: Short for restaked ALT Token, reALT is an auto-compounding ERC20 share token that represents a holder's staking contribution and accumulates compounding rewards earned.
- **#stALT Token**: An ERC1155 token that signifies the staking contribution in the main staking pool, which can be manually converted to reALT tokens via a portal.
- **Auto-compounding**: reALT tokens enable weekly auto-compounding of ALT staking rewards, enhancing the overall yield for stakers.
- **#LaunchPools Participation**: Holders of reALT can delegate their tokens to multiple LaunchPools associated with restaked rollups, like the Xterio pool, without needing to unstake from the main ALT staking pool.
- **Maximized APY**: By eliminating the need to unstake for participating in LaunchPools, stakers can enjoy a maximized Annual Percentage Yield (APY) from their investments.
This model allows stakers to engage in multiple pools simultaneously, providing greater exposure to various restaked rollup communities and incentives¹. It's a significant step towards more efficient and flexible staking mechanisms within the crypto ecosystem.$ALT
