Unlocking New Opportunities for ATOM Validators
Unlocking New Opportunities for ATOM Validators
Landslide, the groundbreaking IBC connection for Avalanche, is thrilled to announce a game-changing partnership with GoGoPool, the first permissionless liquid staking protocol built for Avalanche Subnets. This collaboration will provide ATOM validators a way to validate Avalanche for half cost and with increased rewards, enabling them to validate Landslide and other L1s effortlessly.
The partnership between Landslide and GoGoPool is a significant milestone in strengthening the ties between the Avalanche and Cosmos ecosystems. By leveraging GoGoPool's liquid staking pool on Avalanche, ATOM validators can now participate in validating Landslide and other L1s with a reduced threshold of about 1100 AVAX instead of the traditional 2000 AVAX.
GoGoPool utilizes liquid staking to lower the Avalanche minimum staking requirement for launching a node and becoming a validator. Liquid stakers can swap their AVAX for ggAVAX to earn staking rewards without the need for hardware. Node operators stake AVAX and GGP to get matched with funds from the Deposit Pool and launch a new validator. Reward cycles occur every 15 days, generating yield for both liquid stakers and node operators.
Key Benefits for Landslide Users
Expanded User Base
By bringing in ATOM validators and the Cosmos community, Landslide will witness a significant increase in its user base, leading to greater adoption and liquidity for AVAX-based assets. The integration of Cosmos users into the Avalanche ecosystem introduces a new pool of potential users, developers, and investors, driving innovation, collaboration, and growth across both networks. This expanded user base not only benefits Landslide but also creates new opportunities for existing Avalanche and Cosmos projects and dApps, fostering a thriving and interconnected ecosystem.
Enhanced Liquidity
GoGoPool's liquid staking feature allows users to stake their AVAX and receive ggAVAX tokens, providing instant liquidity and the ability to earn rewards in real-time. By enabling users to access the value of their staked assets without sacrificing their staking rewards, GoGoPool creates a more flexible and efficient staking experience. This enhanced liquidity not only benefits individual users but also contributes to the overall market efficiency and trading activity within the Avalanche ecosystem, driving increased adoption and growth.
Increased Validator Participation
GoGoPool is helping Landslide bootstrap their initial validator set with its community of over 270 validators, representing more than 15% of Avalanche's network. This collaboration will attract more ATOM validators to the Avalanche ecosystem, enhancing the overall security and decentralization of Landslide and other L1s. The increased validator participation not only strengthens the network but also fosters a more diverse and resilient validator community, ensuring the long-term stability and growth of the Avalanche ecosystem.
Lucrative Opportunities for Node Operators
Node operators can earn more by validating through GoGoPool compared to solo validation. Validators who launch using GoGoPool will receive additional rewards in GGP tokens along with AVAX and SLIDE rewards. They can also restake their GGP rewards to gain additional monthly rewards. These multiple reward streams and the ability to compound earnings through restaking create a highly attractive proposition for node operators, incentivizing long-term commitment and active participation in the network. By offering lucrative opportunities, GoGoPool attracts high-quality validators, ensuring the network's security, stability, and overall performance.
Reduced Entry Barrier
With GoGoPool, ATOM validators can launch their nodes for nearly half the price of the traditional method, making it more accessible for them to participate in the Avalanche network. Traditionally, it costs 2000 AVAX to launch a node, but with GoGoPool, it costs about 1120 AVAX. This significant reduction in entry costs democratizes access to validation opportunities, enabling a wider range of participants to contribute to the network's security and earn rewards, ultimately promoting greater decentralization and inclusivity within the Avalanche ecosystem.
Partnership Launch and Future Developments
The partnership between Landslide and GoGoPool is set to commence in Q3 2024, with both teams working closely to ensure a smooth integration and seamless experience for ATOM validators and Landslide users. As the collaboration progresses, GoGoPool will be contacting the community of validators validating through GoGoPool about more chains they can validate, further simplifying the development, launch, and management of Avalanche L1s while increasing validation opportunities for ATOM validators.
Join the Landslide Revolution
As we gear up for our highly anticipated testnet launch, we invite you to be a part of the Landslide revolution. Join our thriving community on Discord and immerse yourself in a world of innovation, collaboration, and endless possibilities. Connect with fellow enthusiasts, engage in thought-provoking discussions, and gain exclusive insights from our team of experts.
Get ready to embark on an exhilarating journey with Landslide as we redefine the landscape of cross-chain interoperability and security. Our team of visionary developers and industry experts is working around the clock to bring you a cutting-edge DeFi platform that will transform the way you interact with digital assets across multiple chains.
By joining the Landslide community, you'll be among the first to witness the unveiling of groundbreaking features, strategic partnerships, and unparalleled opportunities within our ecosystem. Be at the forefront of the DeFi revolution and help shape the future of cross-chain finance.
Don't miss out on this chance to be a part of something truly extraordinary. Join the Landslide Discord community today and let's build the future of DeFi together!
About Landslide
Landslide is an IBC connection to and from Avalanche, enabling the restaking of staked assets from IBC-enabled chains to interact with the Avalanche network. By facilitating interoperability between Avalanche and other chains, Landslide aims to increase liquidity, asset diversity, and cross-chain DeFi opportunities within the Avalanche ecosystem. Landslide leverages the Avalanche consensus protocol to provide faster and cheaper transactions, greater scalability, and enhanced security, making it a pivotal player in the cross-chain DeFi landscape.
About GoGoPool
GoGoPool is the first permissionless liquid staking protocol built for Avalanche L1s, offering affordable staking, instant liquidity through the ggAVAX token, and the ability to directly contribute to the Avalanche network's growth. GoGoPool's mission is to simplify the development, launch, and management of Avalanche Subnets, making them accessible to all. By reducing the cost and complexity of running validator nodes, GoGoPool empowers a broader range of participants to secure and decentralize the Avalanche network.
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