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TL;DR
AltLayer has simply rolled out the second part of its staking program, introducing the restaked ALT token, ‘reALT.’
Full Story
Right here’s a kind of ‘solely in web3’ alternatives which is equal elements progressive, attention-grabbing, and complex.
AltLayer has simply rolled out the second part of its staking program, introducing the restaked ALT token, ‘reALT.’
As a reminder, staking is when buyers lock up their crypto with the promise of rewards (form of like how bonds work).
With reALT, buyers can take part in multiple staking pool, gaining publicity to different restaked rollup communities and incentives, with out unstaking from the primary ALT staking pool.
The end result: elevated staking yields (i.e. an elevated return on funding for locking up cash).
Staking is an enchanting innovation which permits web3 platforms to be funded, and ensures a return for buyers.
Restaking takes that idea to the subsequent stage!
So yep, attention-grabbing stuff for individuals who are deep within the crypto house – and fairly thrilling for nerds like us – however improvements like this most likely aren’t those that can onboard the plenty into web3.
And that’s completely advantageous!
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