AltLayer launches reALT for re-staking ALT tokens and initiates the second phase of the staking program

2024-05-02 17:27:10
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ChainCatcher message, AltLayer posted on platform X that the re-staking of ALT tokens reALT has been launched, and the second phase of the staking program is now open.

reALT is an automatically compounding ERC20 token that captures users' ALT staking contributions and accumulates the earned compounding rewards. reALT is distributed to users who stake ALT in the main staking pool.

In the second phase of the staking program, users who stake ALT tokens in the main pool will receive reALT tokens. Users should always keep reALT in their wallets, as it will be regularly captured through snapshots for future pool rewards.

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