🔥🔥 AltLayer is an open and decentralized protocol for rollups that aims to provide enhanced security,decentralization, interoperability,& crypto economic fast finality to existing rollups.It introduces the novel concept of Restaked rollups, which combines the ease of spinning up rollups using popular rollup stacks with the power of EigenLayer's restaking mechanism.
Dex protocol facilitating the deployment of native and restaked rollups,AltLayer disclosed the commencement of the second phase of AltLayer staking and introduced the restaked ALT token, reALT.
reALT serves as an auto compounding ERC20 token designed to capture the staking contributions of $ALT holders and accumulate the compounding rewards obtained.This token is distributed to individuals participating in the main staking pool by staking ALT.
By utilizing it users gain the capability to engage in multiple pools concurrently,expanding their exposure and choice while enjoying the advantages of auto compounding. Once reALT is issued,it can be redirected to various Launchpools related to restaking rollups,such as the Xterio pool.
AltLayer’s restaked rollups consist of three vertically integrated Actively Validated Services (AVS) titled MACH, VITAL, and SQUAD. These products leverage the permissionless nature of rollup stacks, and the principle of restaking, which allows networks to borrow economic security from Ethereum.
Each of these core services will operate as an AVS and will borrow security from Ethereum via EigenLayer’s restaking mechanism.
Built a top its protocol is a multi chain, multi VM compatible Rollups as a Service (RaaS) launcher, a hassle free platform allowing developers and beginners to spin up a customized rollup within 2 minutes!
Together, these products form the bedrock of a modular blockchain ecosystem home to hundreds of thousands of rollups that can accelerate scaling for any Web3 application. Industries spanning the NFT sector, Web3 gaming, DeFi, real world asset tokenization, and others leverage these rollups to scale their applications.
