GoGoPool (GGP)

Deprecated

Overview

GoGoPool in brief

GoGoPool was an Avalanche staking protocol built around two connected activities: helping people run validator nodes and letting AVAX holders take part in liquid staking. Its protocol token, GGP, supported the validator side. Node operators staked GGP as collateral when they used GoGoPool’s shared-funding system, called a minipool. People who deposited AVAX received a separate liquid staking token, first called ggAVAX and later renamed stAVAX. GGP and stAVAX therefore served different roles. (docs.hypha.sh)

GoGoPool later expanded its Avalanche Layer 1 services under the Hypha name. The project has since entered an end-of-life phase. Protocol operations ended on August 15, 2026: new minipools can no longer be created, and stAVAX no longer earns yield. The project’s recovery workbench is scheduled to remain available until December 31, 2026 for holders managing existing positions. That timeline is central to understanding GGP’s present role. (docs.hypha.sh)

History & Team

From subnet staking to Hypha

Steven Gates and Johnny Gault founded GoGoPool after meeting around the first Avalanche Summit. Gates led the project as co-founder and CEO, while Gault worked on its technical development. They shared an interest in making Avalanche’s custom blockchains easier to launch and support. At the time, these blockchains were commonly called subnets; later project materials called them Avalanche Layer 1s, or L1s. (blog.avalaunch.app)

In August 2022, GoGoPool announced a $5 million seed round co-led by Framework Ventures and CoinFund. Other named backers included Avalaunch, Flow Traders, FinTech Collective, and Republic Crypto. The team said the funding would support hiring and open-source tools for Avalanche subnets. Its early design focused on pairing node operators with AVAX supplied by liquid stakers. (gogopool.medium.com)

The Hypha branding marked a broader focus on L1 infrastructure, including a marketplace for validator participation and services for blockchain builders. During that change, ggAVAX was renamed stAVAX, while GGP kept its ticker. The later wind-down brought the protocol’s staking operations to an end. (docs.hypha.sh)

Technology & How It Works

Minipools and shared funding

GoGoPool’s core design was the minipool. Under its documented model, an operator contributed 1,000 AVAX and ran a node. The protocol matched that contribution with another 1,000 AVAX from its liquid staking pool. Together, the funds met the 2,000 AVAX amount needed for the validator arrangement described in GoGoPool’s documentation. Sharing that funding requirement reduced the AVAX an operator had to provide directly. (docs.hypha.sh)

The operator also staked GGP worth at least 10% of the AVAX supplied by the deposit pool. In the standard example, that meant GGP worth 100 AVAX. The collateral linked the operator’s incentives to the funds entrusted to the node. GoGoPool’s design used it as a compensation source if poor operator performance caused a loss of staking rewards for depositors. Operator rewards could also include AVAX earned through validation and GGP distributed by the protocol. (docs.hypha.sh)

Liquid staking

A person depositing AVAX followed the other side of the system. Rather than operating hardware, the depositor received ggAVAX, later named stAVAX, to represent a share of AVAX in GoGoPool’s staking pool. The token could be held or used in compatible decentralized finance applications while its underlying AVAX supported validation. As rewards accrued, the token was designed to gain value relative to AVAX. (docs.hypha.sh)

GoGoPool used smart contracts on Avalanche’s C-Chain for tokens and staking records. Its documented workflow also involved Avalanche’s P-Chain when registering and managing validators. The project offered manual node setup and a one-click tool that assembled several steps, including acquiring and staking the required GGP. These descriptions explain the system’s operation before new minipools stopped on August 15, 2026. (docs.hypha.sh)

Tokenomics & Utility

What GGP was designed to do

GGP is an ERC-20-style token on Avalanche’s C-Chain. Its main working use was minipool collateral: operators locked GGP to support the AVAX matched to their nodes. The project’s documentation set a minimum collateral level of 10% of the operator’s AVAX contribution and described GGP rewards on staked collateral up to a 150% level. It also outlined a Protocol DAO in which token holders could help guide matters such as upgrades and incentive settings. These were elements of the project’s documented economic design. (docs.hypha.sh)

GoGoPool’s published allocation set total GGP supply at 22.5 million tokens. It assigned 41.42% to foundation-related funds, covering DAO activities, ecosystem grants, and liquidity incentives. The original team received a 20% allocation; the seed round, 15.58%; and GGP staking rewards, 15%. Smaller allocations went to advisers, a pre-IDO partner sale, liquidity, and the initial decentralized offering. The documentation set different lockup and release schedules for these groups. (docs.hypha.sh)

The planned staking-reward allocation was split among three groups: 70% for minipool operators, 10% for the Oracle DAO, and 20% for the Protocol DAO treasury. stAVAX followed a different model. It represented a share of deposited AVAX rather than a fixed allocation of GGP. With new minipools closed and stAVAX yield ended, GGP’s former collateral-and-reward role is now chiefly useful for understanding how the protocol worked. (docs.hypha.sh)

Ecosystem & Use Cases

Validators, stakers, and L1 builders

GoGoPool connected three kinds of participants. Node operators used minipools to combine their AVAX with deposits from stakers. AVAX holders received a liquid token representing their stake. L1 builders could draw on validator-related tools while developing custom Avalanche networks. GGP sat mainly in the node-operator part of this arrangement; depositing AVAX for a liquid staking token was a separate activity. (docs.hypha.sh)

Hypha broadened the builder-facing side. Its L1 Marketplace documentation described project pages, validator-license NFTs, staking, and node-hosting services. These tools aimed to connect new networks with people willing to support their validators. Hypha’s materials also described services for projects managing node sales and validator infrastructure. Those historical products show how the team sought to serve more than Avalanche’s main staking network; the project’s later end-of-life notice governs its current protocol operations. (docs.hypha.sh)

Advantages & Challenges

What the design offered

GoGoPool’s shared-funding model addressed a clear practical barrier: an operator could supply half of a validator’s documented AVAX requirement and obtain the other half from liquid stakers. GGP collateral gave the operator a stake in maintaining performance, while the liquid token let depositors hold a transferable representation of their AVAX. The one-click tool reduced the number of setup steps an operator had to perform by hand. The project also published information about security assessments, including a Code4rena mitigation review and a Kudelski Security audit. (docs.hypha.sh)

The design also had moving parts for readers to understand. AVAX funded validation, GGP served as operator collateral, and stAVAX represented liquid stakers’ deposits. Minipools depended on both operators and deposit-pool funds. GoGoPool’s focus on Avalanche tied its products to that ecosystem’s validator rules and L1 development. Finally, the end of protocol operations places the project’s earlier features in a historical setting rather than an ongoing launch program. (docs.hypha.sh)

Where to Buy & Wallets

GGP on Avalanche

GGP is available for on-chain swaps through LFJ, formerly Trader Joe, on Avalanche. GoGoPool’s one-click launcher documentation identified Trader Joe’s router as the route it used to exchange AVAX for GGP, and Avalanche’s token explorer records GGP transfers involving Joe liquidity pools. GGP is a separate asset from the AVAX-backed stAVAX token. (docs.hypha.sh)

MetaMask, Rabby, and Core are examples of wallets used with Avalanche C-Chain applications in the project’s documentation. The published GGP token contract is 0x69260B9483F9871ca57f81A90D91E2F96c2Cd11d; that address identifies GGP when adding the token to a wallet or selecting it in a swap interface. Holders with GGP already staked in the protocol use GoGoPool’s end-of-life workbench to unstake it. The same workbench handles eligible minipool withdrawals and stAVAX redemption through the stated recovery period. (docs.hypha.sh)

Regulatory & Compliance

Legal and religious context

GGP’s former collateral role and stAVAX’s liquid staking role raise different legal questions. In the United States, SEC staff published views in 2025 on certain proof-of-stake and liquid staking activities. Those statements describe categories of activity under specified conditions; they do not assign GGP a token-specific legal classification. U.S. tax guidance also addresses digital assets and staking rewards, while the European Union’s MiCA framework sets authorization rules for businesses that provide covered crypto-asset services. The rules that apply depend on the activity, provider, and jurisdiction involved. (sec.gov)

A formal Shariah-compliance designation for GGP has not been established in GoGoPool’s published token materials. Those materials describe validator rewards, GGP collateral, and the liquid staking token, but do not provide a religious ruling on them. An Islamic-finance assessment would need to examine those arrangements under the principles used by the relevant scholar or standards body. (docs.hypha.sh)

Future Outlook

An end-of-life protocol

GoGoPool’s stated operational path is a wind-down. Since August 15, 2026, the protocol has stopped creating minipools and stAVAX has stopped accruing yield. Its published workbench directs existing users to unstake GGP, withdraw eligible minipools, manage withdrawal requests, and redeem stAVAX. The site states that the workbench will shut down on December 31, 2026. No further protocol launch or renewed staking program is established in that notice. (eol.gogopool.com)

The project’s longer-term significance lies in its design ideas. GoGoPool showed how a liquid staking pool could help fund validators, how a separate token could act as operator collateral, and how validator services could extend toward custom Avalanche networks. Those ideas remain useful for understanding the development of staking infrastructure, even as this particular protocol completes its wind-down. (docs.hypha.sh)

Summary

GoGoPool paired AVAX depositors with validator operators through minipools, using GGP as operator collateral and ggAVAX/stAVAX as the liquid staking token. Founded by Steven Gates and Johnny Gault, it later expanded its L1 services under the Hypha name. Protocol operations ended on August 15, 2026, making GGP’s original staking utility part of the project’s history and its remaining workbench the focus for existing protocol positions. (docs.hypha.sh)