Silky smooth, highly customizable, transaction confirmation takes only seconds and centralized intermediaries are eliminated. Isn’t this Web3 world ideal? Avalanche subnet is the technology that turns ideal into reality - and now GoGoPool will make the launch of subnets more economical and faster.
GoGoPool's mission is to make it easier to launch an Avalanche subnet.
GoGoPool is a permissionless staking protocol that reduces the cost of running an Avalanche subnet validator node through liquid staking and mini pools.
In GoGoPool, users will receive ggAVAX tokens after liquid staking AVAX as a representation of their staked AVAX, and will accumulate returns in real time. ggAVAX plays a role in promoting the development of the subnet ecosystem through liquid staking.
When launching a new node through GoGoPool, users need to provide their own hardware and stake 1,000 AVAX (usually 2,000 AVAX) and GGP tokens equivalent to 100 AVAX. Since node operators stake both AVAX and GGP, staking income will also be distributed in both currencies. After submitting a request to launch a node, the node to be launched will queue up to match the ggAVAX deposit pool. Once a match is reached, the full verification node will be launched in the form of a "mini pool".
The GoGoPool protocol strives to enrich subnet use cases while maximizing the security and freedom of node operators and liquid stakers. Mini pools are non-custodial in nature, and node operators have full control over their own nodes and can use their nodes to verify subnets.
“GoGoPool is very different from other liquid staking protocols. It combines the liquid staking protocol with a coordination mechanism to make subnet deployment simpler and more economical. We believe that in the Avalanche ecosystem that leads the cutting-edge blockchain technology, the highly innovative GoGoPool will become a core part of the infrastructure.”
— Brian Johnson, head of cryptocurrency investments at Republic Capital
GoGoPool believes that the expansion of Web3 requires application-specific blockchains, and Avalanche subnets are the only viable solution because they are mature and have excellent customization and expansion capabilities. That is why GoGoPool did not deploy on other blockchains, but chose to go all in Avalanche. GoGoPool hopes to launch better models and tools to lower the threshold for deploying subnets for all users and further enhance the attractiveness of subnets.
From a technical perspective, Avalanche subnets are the best solution for application-specific blockchains. In fact, I believe that within 3 years, 80% of application-specific chains will be built on Avalanche subnets. At GoGoPool, we are working hard to make subnet deployment easier, help project teams save time, build an infinitely scalable Web3 ecosystem, and make blockchain technology widely adopted.
——Steven Gates, founder of GoGoPool
About GoGoPool Foundation
GoGoPool is a DAO community that has built a permissionless decentralized staking protocol for the Avalanche network. The GoGoPool Foundation is committed to supporting the development of GoGoPool, gradually building a strong community, and achieving the goal of "making subnets simpler" in a decentralized manner. The GoGoPool Foundation is responsible for executing DAO proposals, leading the decentralization process, and ensuring the long-term success of the platform. The GoGoPool Foundation adheres to the principles of transparency, fairness, and community-oriented, and plays an important role in promoting the development of blockchain technology and building a more connected and decentralized world.
Welcome to join the GoGoPool Discord channel: https://discord.com/channels/939938177618165791/939938178528313396
Follow the official Twitter: https://twitter.com/GoGoPool_
