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