UPDATED: March 27, 2024, 5:20 a.m. EDT
AltLayer enabled the staking of native tokens, allowing holders to contribute to the economic security of its ecosystem.
The stacking platform’s native token AltLayer first went live in January.
AltLayer is a decentralized protocol that allows 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-phase deployment of MACH-Alphaa 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 replenishment mechanism to enhance economic security. MACH Alpha will be the first AVS under the revamped rollup to serve two of the largest rollups: OP Mainnet and Arbitrum One.
AltLayer plans to introduce so-called “restructured rollups” – Layer 2 projects that leverage EigenLayer’s takeover mechanism to bootstrap network security.
AltLayer encouraged EigenLayer operators and liquid foodservice providers to get involved in MACH Alpha, providing channels for collaboration.
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