AltLayer ($ALT ) is a platform that can be used to launch native and re-collateralized Rollups, supporting both Optimistic and ZK Rollup stacks.
AltLayer is an open and decentralized protocol designed for rollups°. AltLayer brings a novel idea - re-collateralized Rollups, which takes rollups from any rollup stack° (such as OPStack, Arbitrum
Orbit, Polygon CDK, ZK Stack, etc.) and provides them with enhanced security, decentralization, interoperability, and fast finality of the crypto economy by leveraging the re-collateralization mechanism.
$ALT is the native utility token of AltLayer, used for the following functions:
Economic Bond: ALT tokens° will be used to provide economic collateral along with re-collateralized assets. This collateral can be slashed if malicious behavior is detected.
Governance: ALT token holders can vote on governance issues.
Protocol Incentives: Operators in the AltLayer ecosystem can earn ALT tokens as a reward for their services.
Protocol Fees: Network participants need to pay for services within the network with ALT tokens.
AltLayer's core product, re-collateralized rollups, consists of three key products.
