✨Big Upgrade for $ALT Restaking✨
Guys this is a huge innovation of #ALT they called the project reALT which is an auto-compounding ERC20 share token that captures a user's ALT staking contribution & accumulates the compounding rewards earned. reALT is issued to users staking ALT in the main staking pool.
🌿Let's Explain What's With The New Project🌿
AltLayer (ALT) is a project dedicated to Ethereum scalability, established since the end of 2021. It has assisted over 40 partners in customizing and launching dedicated application chains based on rollup technology. AltLayer has also facilitated projects like Xterio, SWELL, and $DODO in deploying Restaked Rollups using advanced re-staking models (also one of the earliest AVS to go live on EigenLayer).
🔥INTRODUCING reALT🔥
ALT users can stake ALT tokens in the main reward pool to earn base rewards. Additionally, they can further delegate ALT tokens to various Launchpool pools through re-staking, thereby qualifying for future rewards from projects such as Xterio, SWELL, and DODO.
So the restaked ALT token - 'reALT' - is here, ushering in Phase II of the ALT staking program!
Find out what reALT does and how it benefits you & their ecosystem:
https://stake.altlayer.io/stake
https://blog.altlayer.io/altlayer-staking-enters-phase-ii-with-restaked-alt-realt-token-117a222729f4
⚔️ALT Layer Stated The following Regarding The Launchpool⚔️
❗Existing @XterioGames LaunchPool stakers❗Enjoy seamless migration from Phase I-II of staking. AltLayer will deprecate the existing Xterio LaunchPool & facilitate rapid migration to the reALT-powered pool. ➡️ Tutorial ⬅️
We reset Xterio's Phase I LaunchPool cooldown period to 0 days, which will apply to all future LaunchPools. The cooldown period for ALT staking will temporarily remain at 0 days, and on May 9 (7 days from now) it will be updated to 21 days.
✨Check It Out Guys & Hope You Will Benefit From That✨
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