Is Alt still a value coin? What new ways to play with re-staking
Altlayer launched the reALT token to start the second phase of the staking activity, realizing the automatic compounding contribution and reward accumulation. The activity provides multiple advantages, including automatic compounding rewards, no need to cancel the main staking to participate in LaunchPools, regular snapshots of real balances, etc. Users can participate in multiple mining pools and enjoy the effect of killing two birds with one stone. As the leader in the RaaS industry, Altlayer @AltLayer also launched a staking activity in April. Due to Altlayer's unique ecological status, I think this will also be a golden shovel that continues to receive various ecological airdrops. $ALT
To summarize the key points of the event
- reALT token launch, automatic compounding of staking rewards
- No need to cancel the main stake to participate in other mining pools
- No cooldown period for participating in LaunchPools
- Regular snapshots of real balances to calculate future pool rewards
- Users can participate in multiple similar mining pools at the same time
A few weeks ago, Altlyer launched the Xterio MACH dual staking pool, where users can stake ALT with ETH and LST into the staking contract through EigenLayer to receive upcoming Xterio ecosystem rewards. ReALT can be delegated to multiple LaunchPools associated with the restarted rollup, such as the Xterio pool.
Currently, the cooldown period has been cancelled for those who have participated in the Xterio LaunchPool, and the staked alt can be immediately withdrawn and invested in the new launchPool, but with the launch of reALT, the cooldown period will be restored to 21 days.
Finally, I want to say that in the current volatile market, the price of alt is at a low level. The luxurious investment lineup and ecological niche guarantee of altylayer will definitely maximize the shovel effect of pledge. In one month, alt has upgraded the single launcpool plan to reAlt's one-fish-and-many-eats plan. I believe that in the next few months, reAlt pledge will bring you good returns!
In addition, it should be noted that ALT will have a large amount of unlocking on May 25. The market after that is worth looking forward to. Avoid the retracement caused by large unlocking in advance.
