We are happy to announce our partnership with GoGoPool, one of the leading liquid staking protocols on Avalanche.GoGoPool is the team behind $ggAVAX, a liquid staking version of $AVAX that offers competitive staking yields for its holders.
With this partnership, Stable Jack will accept $ggAVAX as collateral to offer 2 products:
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Yield Token: a USD-pegged yield-bearing asset that will accrue the yield generated from $ggAVAX
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Volatility Token: A token that offers variable leveraged exposure to $AVAX without liquidation risk
We believe that we can drive significant demand for $ggAVAX as we are creating a new user case that has not been available before.
Stable Jack v2 will unlock new utilities for collateral assets. With partners like GoGoPool, we are thrilled to bring innovation and excitement to the Avalanche ecosystem!