GoGoPool (GGP)

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Staking and Earning Yield

GoGoPool lets users stake tokens like AVAX to earn more yield through their stAVAX token, which offers higher returns than other options in the Avalanche community.

Launching and Exploring Blockchains

Users can launch their own Layer 1 blockchains easily with the Layer 1 Launcher. They can also explore and participate in various decentralized Layer 1 blockchains through the L1 Marketplace by validating, staking, or delegating.

Decentralized Network Innovation

GoGoPool supports builders to create fully permissionless Layer 1 blockchains, enabling innovation without centralized control.

Ecosystem and Community

GoGoPool provides tools and a community for blockchain growth, including resources, support, and integration with other DeFi apps to maximize benefits from staking and tokens.

For more details, visit https://www.gogopool.com/.

Advantages

• GoGoPool enables fully permissionless Layer 1 blockchains, allowing creators to innovate freely without centralized control.
• Offers tools like Minipools & ggAVAX for validating and liquid staking, which can provide attractive yields.
• Provides a Layer 1 Launcher to easily deploy new blockchains and a Marketplace to explore and engage with decentralized Layer 1s.
• Has strong community support and collaboration with industry leaders.
• Undergoes regular security audits by reputable firms to maintain network safety.
• Integrates with various DeFi apps to enhance benefits for token holders.
• Supported by well-known investors and partners in the blockchain space.

Disadvantages

• The GoGoPool brand is transitioning to Hypha, which may require users to adapt to new branding and updates.
• As a permissionless and innovative platform, it may involve complexity for beginners to fully understand all features and products.

Founders

GoGoPool was founded by Steven Gates and Johnny Gault. They met at the first Avalanche Summit in 2021 in Barcelona and combined their ideas to create GoGoPool.

Background of Founders

Steven Gates is the Co-Founder and CEO with extensive experience in blockchain development. Johnny Gault is also a Co-Founder and works alongside Steven to lead the project.

For more details, visit GoGoPool's website.

Lead Investors

Framework Ventures and CoinFund co-led the $5 million seed funding round for GoGoPool.

Total Investors and Funding

GoGoPool has 12 institutional investors in total and has raised $5 million over 2 funding rounds.

Halal Status

No, GoGoPool is not halal. It is a decentralized staking protocol for Avalanche subnets and does not have halal certification or follow halal principles.