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    Tracking $AVAX Staking Activity on Gogopool

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    What is Liquid Staking?

    An overview of liquid staking and its benefits within the GoGoPool ecosystem.

    Liquid Staking is a financial mechanism that allows users to stake their tokens to both support the network's security and earn rewards from validating the network, while still retaining liquidity.

    Unlike traditional staking, where tokens are locked and cannot be used, liquid staking issues a token (i.e., ggAVAX) in return, representing the staked amount plus any rewards earned over time. This token (i.e., ggAVAX) can then be traded, sold, or used in decentralized finance (DeFi) applications, providing flexibility and liquidity to stakers.

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    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.