Hypha Staked AVAX

STAVAX Price

About Hypha Staked AVAX (stAVAX)

Hypha Staked AVAX (stAVAX) is a liquid staking token that represents a user's staked position in the Avalanche network, allowing them to earn rewards while maintaining liquidity.

• Enables users to participate in the security of the Avalanche ecosystem with as little as 0.01 AVAX.
• Provides instant liquidity for staked assets, allowing the token to be used within decentralized finance (DeFi) applications.
• Lowers the barrier to entry for node operators to launch independent blockchains (formerly known as Subnets).

What Is Hypha Staked AVAX

Hypha Staked AVAX, formerly known as GoGoPool ggAVAX, is the primary liquid staking asset of the Hypha protocol. The protocol is designed to simplify the process of launching and managing independent Layer 1 blockchains within the Avalanche ecosystem by reducing the capital requirements for validators. By depositing AVAX into the Hypha pool, users receive stAVAX, a yield-bearing token that accrues value over time relative to the underlying asset.

The value of stAVAX increases as the protocol collects rewards from the network's validation activities. This mechanism allows capital to move through the system by matching liquid stakers with node operators. Unlike traditional staking, which requires assets to be locked for a specific duration, stAVAX remains liquid and can be traded or utilized as collateral across various integrated platforms. This model scales as more independent blockchains join the ecosystem, increasing the demand for validation and the efficiency of the underlying pool.

What Makes Hypha Staked AVAX Unique

• Reduced Capital Requirements: The protocol allows node operators to launch a validator with significantly less AVAX than the standard network requirement by matching them with funds from liquid stakers.
• Subnet Compatibility: Specifically built to support the growth of Avalanche Layer 1 blockchains, facilitating the rapid deployment of application-specific networks.
• Yield Distribution Model: Features a dual-token system where stAVAX holders receive yield generated by the underlying assets, while a separate token, pstAVAX, can be used for 1:1 pegged transactions with yield redirected to stAVAX holders.
• Permissionless Architecture: Any individual or business can participate as either a staker or a validator without requiring centralized approval.

What Can You Use Hypha Staked AVAX for?

• Liquid Staking: Users can hold stAVAX to gain exposure to native Avalanche rewards without locking their assets, allowing them to exit their position at any time by swapping on decentralized exchanges.
• DeFi Integration: The token can be used as collateral for borrowing, provided as liquidity in automated market maker (AMM) pools, or used in yield farming strategies to earn additional protocol service fees.
• Validator Support: By providing liquidity to the deposit pool, stAVAX holders indirectly support the launch of new minipools, which are used by operators to secure independent Layer 1 networks.
• Governance Participation: While stAVAX is the utility token for staking, the associated GGP token is used for protocol governance, allowing the community to vote on upgrades and reward distributions.

How Does Hypha Staked AVAX Work?

Hypha Staked AVAX operates through a smart contract-based deposit pool that matches liquid stakers with minipool operators. When a user deposits AVAX, the protocol issues stAVAX at the current exchange rate. These funds are then matched with node operators who contribute their own hardware and a smaller portion of the required stake, including a minimum amount of GGP tokens as collateral.

The protocol utilizes a Proof of Stake consensus mechanism through its integration with the Avalanche P-Chain. Minipool operators act as validators, and the rewards generated from their activities are distributed back to the deposit pool. A portion of these rewards is reflected in the increasing value of stAVAX, while operators earn protocol service fees for maintaining the infrastructure. This permissionless system ensures that rewards are distributed transparently and that validators are incentivized to maintain high uptime to avoid penalties.

Team Info and Investors

The Hypha protocol was developed by the team behind GoGoPool, including contributors from Multisig Labs. The project is focused on open-source tooling and community-driven development to foster the growth of the Avalanche ecosystem. While specific early-stage investor names are not detailed in the primary source material, the project emphasizes its mission to provide decentralized infrastructure and tooling for application-specific blockchains, supported by a community of stakers and node operators.

Where can you buy Hypha Staked AVAX?

STAVAX tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Hypha Staked AVAX is Pharaoh Exchange Legacy, where the most active trading pair AVUSD/STAVAX has a trading volume of $1,718.74 in the last 24 hours. Other popular options include Balancer V3 (Avalanche) and Blackhole V3.

What is the daily trading volume of Hypha Staked AVAX (STAVAX)?

The trading volume of Hypha Staked AVAX (STAVAX) is $5,704.45 in the last 24 hours, representing a -57.80% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Hypha Staked AVAX (STAVAX)?

Hypha Staked AVAX (STAVAX) reached an all-time high of $67.01 and an all-time low of $6.74. It’s now trading -89.00% below that peak and 9.10% above its lowest price.

What is the market cap of Hypha Staked AVAX (STAVAX)?

Market capitalization of Hypha Staked AVAX (STAVAX) is $5,203,512 and is ranked #- on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of STAVAX tokens (710 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Hypha Staked AVAX (STAVAX)?

The fully diluted valuation (FDV) of Hypha Staked AVAX (STAVAX) is $5,203,512. This is a statistical representation of the maximum market cap, assuming total number of 710 Thousand ETH tokens are in circulation today.

How does the price performance of Hypha Staked AVAX compare against its peers?

With a price decline of -6.90% in the last 7 days, Hypha Staked AVAX (STAVAX) is underperforming the global cryptocurrency market which is down -0.90%, while underperforming when compared to similar Avalanche Ecosystem cryptocurrencies which are up 5.80%.

How to add Hypha Staked AVAX (STAVAX) to MetaMask?

Adding Hypha Staked AVAX (STAVAX) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import STAVAX as a token. You can copy STAVAX’s contract address (0xa25eaf2906fa1a3a13edac9b9657108af7b703e3) and import it manually, or if you've installed MetaMask's chrome extension, add STAVAX to MetaMask with one click on CoinGecko.

Add STAVAX to MetaMask.