AltLayer's staking program is entering Phase II, introducing a new token called reALT. Here's a simplified summary:
"reALT TOKEN INTRODUCTION:"
-reALT stands for "restaked ALT Token.
-It’s a new token that automatically reinvests rewards for those staking ALT tokens.
"FUNCTIONALITY:"
-Staking ALT tokens gives you stALT tokens, which represent your contribution.
-These stALT tokens can be converted into reALT tokens using a designated portal.
"ADVANTAGES OF reALT"
-reALT tokens can be used in various investment pools, like the Xterio pool.
-They allow earning rewards from multiple sources without unstaking.
-Rewards are automatically reinvested weekly.
"STAKING POOL UPDATES:"
-The Xterio LaunchPool will be updated, encouraging users to switch to the new reALT-based pool.
-This switch is facilitated by an immediate withdrawal option.
-A 21-day cooldown period for withdrawals from the main staking pool will be reinstated after a 7-day grace period.
"LOOKING AHEAD"
-reALT aims to boost engagement and rewards for participants.
-More collaborations and activities are planned as AltLayer prepares to launch MACH Alpha.
In essence, AltLayer is enhancing its staking system to make it more rewarding and user-friendly with the new reALT token.
