🤔 #ALTrestaking

How can one coin you have be used in two separate projects and how can you generate income from two separate projects?

ALTLayer coin, released on 2024.01.25, has a stock market listing performance of approximately 4 months. Its total supply is 10 billion and 1.1 billion ALTcoins are in circulation.

It has reached the lowest price of 0.27 USD and the highest price of 0.68 USD and its current price is traded at 0.29 USD.

So, what does ALTLayer coin do? What is #ALTrestaking ?

The AltLayer project is supported by the world's leading exchanges.

The AltLayer project is an aggregation interoperability layer. (Infrastructure)

Example: You deposited and locked your ALT coins in ALTLayer to earn profit. In exchange for the ALT coins you have locked, you will be given Retaken ALT (reALT) coins. You can use the realALT coins you receive in any DEFI and CEFI projects you want.

While you earn from your ALT coins, you also earn from the DEFI or CEFI projects you participate in.

It allows staked cryptocurrencies to be used for re-staking.

ALTLayer is EigenDA's largest participant and partner in the EigenLayer ecosystem. Retaken rollups combine the ease of rollups using rollups such as OP Stack, Arbitrum Orbit, ZKStack by ZKSync.

ALTLayer layer provides versatile interaction and trading infrastructure with other blockchain networks.

Actively Validated Services (AVS)

ALTLayer is built on the protocol mentioned below.

Verification of rollups' state correctness
Faster finality
Decentralised Sequencing

The above services are provided via three modular components called:

VITAL (AVS for decentralised verification of rollup’s state)
MACH (AVS for fast finality)
SQUAD (AVS for decentralised sequencing)

ALT coin is the governance token of ALTLayer. ALTLayer is versatile, allowing not only developers but also those with little or no coding knowledge to return a customized collection in a few simple steps.

The $ALT Layer project provides unique possibilities for web 3.

#Binance #Eigenlayer #web3