Rollup supplier goals to offer quick finality with its MACH Alpha product constructed atop EigenLayer.
Restaked rollups supplier AltLayer has launched a staking characteristic, permitting ALT token holders to offer financial safety to AltLayer’s ecosystem.
The challenge launched its ALT token in January with an airdrop for early adopters. ALT hit an all-time excessive of $0.68 earlier in the present day, based on Coingecko. At the moment altering arms for $0.58, the token instructions a $730 million market capitalization.
The staking characteristic is a part of the phased rollout of AltLayer’s MACH Alpha, a layer constructed on high of EigenLayer’s restaking mechanism, designed to assist Optimism Mainnet and Arbitrum One.
MACH Alpha is designed to beat the gradual finality of Ethereum’s mainnet, which frequently ends in latency-sensitive functions counting on centralized sequencers for transaction publication. This quick finality layer will provide faster transaction affirmation, crypto-economic safety, and decentralized validation of rollup states.
Customers can stake their tokens on the platform to earn rewards. The phased rollout plan for MACH Alpha consists of extra options similar to entry for exterior operators and assist for restaked belongings. The ultimate launch of MACH Alpha as an Actively Validated Service is anticipated to happen after EigenLayer’s mainnet launch.
