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AltLayer enables token staking, unveils fast finality service for rollups

AltLayer enables token staking, unveils fast finality service for rollups

The BlockThe Block2024/03/27 08:02
By:The Block

Quick Take Rollup platform AltLayer has enabled the staking of native ALT tokens. The project initiated the phased launch of MACH Alpha, a fast finality service for rollups.

AltLayer enables token staking, unveils fast finality service for rollups image 0

AltLayer has enabled the staking of native tokens, letting holders contribute to the economic security of its ecosystem.

The native token of the rollup platform AltLayer first went live in January.

AltLayer is a decentralized protocol that enables developers to create rollups from software stacks such as OP Stack, Arbitrum Stack, ZKStack, and Polygon CDK, described as rollup-as-a-service.

The launch of ALT token staking initiates the multi-phased rollout of MACH Alpha , a fast finality service for Layer 2 rollups. This service will be used to secure and help scale Layer 2 solutions. 

MACH Alpha is being developed as an actively validated service on EigenLayer, leveraging its restaking mechanism to bootstrap economic security. MACH Alpha will be the first AVS under the restaked rollup framework to serve two of the largest rollups: OP Mainnet and Arbitrum One.

AltLayer plans to introduce what are known as “restaked rollups” — Layer 2 projects that leverage EigenLayer’s restaking mechanism to bootstrap network security.

AltLayer has encouraged EigenLayer operators and liquid restaking providers to get involved with MACH Alpha, offering channels for collaboration.


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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