Hypha Staked AVAX STAVAX Price

What is Hypha Staked AVAX (STAVAX)?

GoGoPool AVAX (ggAVAX) is a Liquid Staking Token on the Avalanche blockchain. It lets users earn rewards from network validation while keeping their assets liquid. This means you can stake your AVAX tokens with validators to earn rewards, but still use your tokens for other activities.

DeFi Integration

ggAVAX can be used in various DeFi (Decentralized Finance) applications. Holders can earn extra yield by providing liquidity on decentralized exchanges and other DeFi platforms. This dual functionality allows users to make the most of their ggAVAX tokens.

Supply and Growth

ggAVAX was launched on May 4, 2023, on Avalanche’s C-Chain. It quickly grew to become the second-largest Avalanche Liquid Staking Token, with 400,000 tokens in circulation. The supply of ggAVAX is elastic, meaning it grows as more people convert their AVAX into ggAVAX to earn yield.

Conclusion

GoGoPool AVAX (ggAVAX) is a versatile token that offers staking rewards and liquidity. It integrates smoothly into DeFi platforms, providing multiple ways for users to increase their earnings. With its growing supply and value, ggAVAX is an attractive option for those looking to optimize their investments in the Avalanche ecosystem.

What is unique about Hypha Staked AVAX (STAVAX)?

GoGoPool AVAX (ggAVAX) is unique because it allows users to earn staking rewards while keeping their assets liquid, integrating seamlessly into various DeFi applications for additional yield opportunities.

Who are the founders of Hypha Staked AVAX (STAVAX)?

The founder of GoGoPool AVAX (ggAVAX) is Steven Gates.

Where can I buy Hypha Staked AVAX (STAVAX)?

 Balancer V2 (Avalanche)