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.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.