LIVE"Introduction of reALT Token:
- reALT means 'restaked $ALT Token.'
- It's a new token that automatically reinvests rewards for ALT token stakers.
How it Works:
- Staking ALT tokens earns stALT tokens, representing your contribution.
- You can convert stALT tokens into reALT tokens using a special portal.
Benefits of reALT:
- reALT tokens can be used in various investment pools, like the Xterio pool.
- They allow earning rewards from multiple sources without unstaking.
- Rewards are automatically reinvested weekly.
Updates to Staking Pools:
- The Xterio LaunchPool will be updated, encouraging users to switch to the new reALT-based pool.
- Users can immediately withdraw and switch to the new pool.
- A 21-day cooldown period for withdrawals from the main staking pool will be reintroduced after a 7-day grace period.
Future Plans:
- reALT aims to increase engagement and rewards for participants.
- AltLayer plans more collaborations and activities as they prepare to launch MACH Alpha.
In summary, AltLayer is improving its staking system with the introduction of the reALT token to make it more rewarding and user-friendly."
LIVE