📘Guide: How to Stake - Unstake AVAX
A guide detailing how to stake and unstake AVAX within our platform.
How to Stake AVAX with GoGoPool
By following these steps, you can efficiently stake your AVAX with GoGoPool, leveraging the enhanced yields and security offered by our staking platform.
Step 1: Access the GoGoPool
Visit GoGoPool by navigating our website. Connect your wallet using the Connect button at the top right corner of the website.
Step 2: Navigate to the Liquid Staking Page
Access the liquid staking interface by clicking the Liquid Stake link on the top navigation bar.
Step 3: Enter Staking Amount
Decide how much AVAX you want to stake. You can input any amount, as there is no minimum staking requirement with GoGoPool. Make sure you leave enough AVAX in your wallet for transaction fees.
Step 4: Confirm Staking AVAX
Review the amount of ggAVAX that you will get. Then, click the Stake button to stake your AVAX.
Step 5: Completion
Once the transaction you approve through the wallet is confirmed in the blockchain, the shown amount of ggAVAX will be in your wallet.
If your wallet (i.e., Metamask, Rabby, Core) does not show the balance of ggAVAX automatically, you can add ggAVAX by its contract address, 0xA25EaF2906FA1a3a13EdAc9B9657108Af7B703e3
Since ggAVAX gains value against AVAX over time, you will automatically earn yield by holding ggAVAX. But if you wish, you can also use ggAVAX in other DeFi applications.
How to Unstake AVAX with GoGoPool
By following these steps, you can efficiently unstake your AVAX from GoGoPool, taking advantage of our platform’s liquidity and immediate unstaking option.
Step 1: Access the GoGoPool
Visit GoGoPool by navigating our website. Connect your wallet using the Connect button at the top right corner of the website.
Step 2: Navigate to the Liquid Staking Page
Access the liquid staking interface by clicking the Liquid Stake link on the top navigation bar.
Step 3: Enter Unstaking Amount
Decide how much ggAVAX you want to redeem. You can input any amount, as there is no minimum staking requirement with GoGoPool. Make sure that there is enough AVAX in the liquidity pool.
If there is not enough AVAX in the liquidity pool as you want to redeem, you can convert your ggAVAX into AVAX through DEXs. See the How to Swapping ggAVAX and AVAX Through DEXs section for details.
Step 4: Confirm Unstaking AVAX
Review the amount of AVAX that you will get back. Then, click the Unstake button to unstake your AVAX.
Step 5: Completion
Once the transaction you approve through the wallet is confirmed in the blockchain, the shown amount of AVAX will be transferred to your wallet.
How to Swapping ggAVAX and AVAX Through DEXs
ggAVAX and AVAX Through DEXsBy following these steps, you can efficiently swap ggAVAX and AVAX using DEXs, leveraging the liquidity and flexibility offered by decentralized finance platforms.
Step 1: Choose a DEX / DEX Aggregator
Select a decentralized exchange (e.g., TraderJoe, Uniswap) or decentralized exchange aggregator (e.g., ParaSwap, LlamaSwap).
Step 2: Connect Your Wallet
Click on the Connect Wallet or similar button on the decentralized application you chose, and follow the prompts to connect your wallet (e.g., MetaMask, Rabby, Core). If the decentralized application supports multiple blockchains, ensure the selected blockchain is Avalanche.
Step 3: Select the Trading Pair
Select ggAVAX and AVAX from the list of available tokens to set up your trading pair.
If ggAVAX is not shown in the list, add it by the contract address, 0xA25EaF2906FA1a3a13EdAc9B9657108Af7B703e3
Step 4: Enter the Swap Amount
Input the amount of token (e.g., ggAVAX, AVAX) you wish to swap, and the application will automatically show the equivalent amount of the output token you will receive based on current market rates.
Step 5: Review and Confirm the Swap
Review all the details, then click the button to initiate the transaction.
Step 6: Complete the Transaction
Approve the transaction from your wallet and wait for the blockchain to process it. The swapped token (e.g., ggAVAX, AVAX) will be in your wallet once the transaction is confirmed.
You may need to approve the ggAVAX token for trading if it's your first time swapping it on the DEX.
Since ggAVAX gains value against AVAX over time, you will automatically earn yield by holding ggAVAX. But if you wish, you can also use ggAVAX in other DeFi applications.
Need help? If you encounter any issues or have questions, our support team can assist you. Contact us via our Discord server or live chat.
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