GoGoPool (GGP)

Staking and Earning

GoGoPool lets users stake AVAX tokens to earn more yield through their stAVAX token, offering some of the highest returns in the Avalanche community.

Layer 1 Blockchain Support

It provides tools to discover, validate, and participate in decentralized Layer 1 blockchains via a marketplace, helping users engage with new blockchain projects.

Launching Layer 1s

GoGoPool offers a Layer 1 Launcher that makes it easy to create your own Layer 1 blockchain, attract validators, and build a community around it.

Ecosystem and Integrations

The platform integrates with various DeFi apps to maximize benefits from staking and liquidity, including partnerships with exchanges and yield aggregators.

For more details, visit GoGoPool's website.

Pros

• Decentralized and Permissionless: GoGoPool allows users to build and innovate on Layer 1 blockchains without centralized control.
• High Yield Opportunities: Users can stake tokens like stAVAX to earn competitive yields within the Avalanche ecosystem.
• Layer 1 Marketplace: Provides a hub to discover, validate, stake, or delegate on new Layer 1 blockchains.
• Easy Blockchain Launch: Tools are available to launch your own Layer 1 blockchain and attract validators.
• Strong Community and Industry Support: Recognized by blockchain experts and has an active, knowledgeable community.
• Security Audits: Undergoes regular security audits by reputable firms to maintain network safety.
• DeFi Integrations: Supports various DeFi apps to enhance benefits from staking and liquidity provision.

Cons

• Transitioning Brand: The GoGoPool brand is transitioning to Hypha, which might cause some temporary confusion.
• Complexity for Beginners: Some features like launching Layer 1s or managing minipools may require technical knowledge.
• Market Dependency: Yield and token value depend on the broader crypto market and Avalanche ecosystem performance.

For more details, visit GoGoPool website.

Founders of GoGoPool

The website does not list specific founders by name. Instead, GoGoPool (now transitioning to Hypha) presents itself as a community-driven project collaborating with industry leaders to build decentralized blockchain tools. For more details, you can visit their official site: https://www.gogopool.com/.

Investors in GoGoPool

GoGoPool does not publicly list specific individual or institutional investors on their website. Instead, the project emphasizes community involvement and collaboration with industry leaders to build its blockchain ecosystem.

Community and Industry Support

The project highlights support and positive feedback from notable blockchain figures like Emin Gün Sirer and community members such as @el33th4xor, showing strong backing from respected voices in the crypto space.

Participation and Growth

Anyone interested can join the GoGoPool community, stake tokens, or participate in validation, which helps grow the network and ecosystem. This open, permissionless approach means investors and supporters come from a broad, decentralized base rather than a few named entities.

For more details, visit GoGoPool's website.

Halal Status of GoGoPool

• No official halal certification or statement is provided on the GoGoPool website or related documentation.
• The project focuses on decentralized blockchain tools, staking, and Layer 1 blockchain innovation.
• Without explicit guidance from Islamic finance scholars or a halal certification, a clear yes or no answer cannot be confirmed based on available public information.