Guide: How to Stake - Unstake AVAX
A guide detailing how to stake and unstake AVAX within our platform.
Last updated
A guide detailing how to stake and unstake AVAX within our platform.
Last updated
By following these steps, you can efficiently stake your AVAX with GoGoPool, leveraging the enhanced yields and security offered by our staking platform.
Visit GoGoPool by navigating our website. Connect your wallet using the Connect button at the top right corner of the website.
Access the liquid staking interface by clicking the Liquid Stake link on the top navigation bar.
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.
Review the amount of ggAVAX that you will get. Then, click the Stake button to stake your AVAX.
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.
By following these steps, you can efficiently unstake your AVAX from GoGoPool, taking advantage of our platform’s liquidity and immediate unstaking option.
Visit GoGoPool by navigating our website. Connect your wallet using the Connect button at the top right corner of the website.
Access the liquid staking interface by clicking the Liquid Stake link on the top navigation bar.
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.
Review the amount of AVAX that you will get back. Then, click the Unstake button to unstake your AVAX.
Once the transaction you approve through the wallet is confirmed in the blockchain, the shown amount of AVAX will be transferred to your wallet.
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.
Select a decentralized exchange (e.g., TraderJoe, Uniswap) or decentralized exchange aggregator (e.g., ParaSwap, LlamaSwap).
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.
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
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.
Review all the details, then click the button to initiate 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.
