What Is GoGoPool AVAX (ggAVAX)?
ggAVAX is a Liquid Staking Token issued on the Avalanche blockchain by the GoGoPool protocol. It allows users to collect yield from network validation while keeping their portfolio liquid.
ggAVAX can be integrated into a wide range of DeFi primitives, allowing holders to earn additional yield through activities such as liquidity provision on decentralised exchanges.
ggAVAX is backed by AVAX staked with validators, and as time progresses, the value of ggAVAX relative to AVAX goes up due to the validators acquiring staking rewards.
How Many ggAVAX Coins Are There in Circulation?
ggAVAX launched on Avalanche C-Chain on 05/04/2023 and has since grown to become the second-largest Avalanche LST with 400,000 tokens currently in circulation. ggAVAX is designed with an elastic supply, which will grow as more people convert their AVAX into yield-bearing ggAVAX.
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