This May Not Onboard The Masses to Web3, but Boy is it Interesting!

TL;DR

• AltLayer has simply rolled out the second part 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 elements modern, fascinating, and sophisticated.

AltLayer has simply rolled out the second part 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 primary ALT staking pool.

The consequence: elevated staking yields (i.e. an elevated return on funding for locking up cash).

Staking is an interesting innovation which permits web3 platforms to be funded, and ensures a return for traders.

Restaking takes that idea to the following degree!

So yep, fascinating stuff for many who are deep within the crypto house – and fairly thrilling for nerds like us – however improvements like this in all probability aren’t those that can onboard the lots into web3.

And that’s completely wonderful!