Big Crypto Rewards Announced in ALT Restaking Ecosystem 🌀
ALT introduces Phase II of AltLayer staking with reALT, the restaked ALT Token. reALT enhances staking benefits and ecosystem participation.
reALT Token Overview:
reALT, or restaked ALT Token, is an auto-compounding ERC20 share token that captures and compounds ALT staking rewards. It's issued to users staking ALT in the main pool.
Benefits of reALT for Stakers:
1. Auto-compounding rewards on a weekly basis.
2. No need to unstake from the main pool to join LaunchPools, maximizing APY.
3. Seamless conversion from stALT to reALT for diversified pool participation.
Important Updates:
- Xterio LaunchPool (Phase I) now has a 0-day cooldown for easy migration to Phase II.
- ALT staking pool's cooldown period returns to 21 days after a 7-day grace period post-Phase II launch.
In Summary:
reALT enhances AltLayer's staking program, fostering ecosystem growth and preparing for the MACH Alpha launch.
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