GoGoPool (GGP) is a live coin that offers a decentralized staking protocol on the Avalanche blockchain. Users can stake their AVAX assets to earn ggAVAX, contribute to the growth of the protocol, and receive rewards. With its liquid staking feature, users can swap AVAX for ggAVAX and earn staking rewards without the need for hardware. The protocol operates on reward cycles every 15 days, generating yield for liquid stakers and node operators.
Node operators can launch validator nodes with as little as 1000 AVAX by using GGP tokens and being matched with liquid staking funds. They can earn AVAX and GGP rewards, and increase their overall yield by requesting delegation from the liquid staking pool. Liquid stakers can deposit AVAX and receive ggAVAX, which represents their deposited assets and any accrued rewards. ggAVAX can be utilized across various DeFi applications to generate additional yield. The GoGoPool community fosters ingenuity, creativity, and collaboration, aiming to shape the future of blockchain technology.
GoGoPool is audited for security and backed by industry leaders. It aims to make subnet development easy and remove friction points for builders on the Avalanche blockchain. With its breakthrough consensus protocol and infinite horizontal scaling capabilities, Avalanche provides a secure, decentralized, and fast blockchain solution. Subnets on Avalanche are sovereign networks that define their own rules and consist of a dynamic subset of validators working together to achieve consensus. GoGoPool’s liquid staking feature allows users to access their funds easily and participate in decentralized finance (DeFi) applications to compound their yield.
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