Jiritsu Network Integrates with GoGoPool for RWA on Avalanche L1
At Jiritsu Network, we are excited to announce our integration with GoGoPool, a permissionless liquid staking platform built for Avalanche L1s. This partnership is particularly meaningful as we previously announced the launch of our Layer 1 blockchain built on the Avalanche L1s.
With this integration, Jiritsu can now seamlessly integrate with GoGoPool’s L1 packages. Any L1 on Avalanche seeking to tokenize and manage RWAs can leverage Jiritsu’s robust capabilities, including secure and private asset verification using ZK-MPC. Together, we aim to deliver unparalleled efficiency, security, and scalability, providing a robust solution for projects looking to launch L1s related to RWA on Avalanche.
What is GoGoPool?
GoGoPool is a decentralized permissionless liquid staking protocol whose mission is to bring blockchain access to the masses through Avalanche Layer-1s. GoGoPool streamlines the launch of L1s on Avalanche and reduces the cost of running validator nodes through their products: liquid staking and one- click Avalanche validation. The GoGoPool protocol is designed to maximize security and freedom for node operators and liquid stakers, while maximizing L1 use cases.
What is Jiritsu?
The Jiritsu blockchain is a Layer 1 solution designed for verifying tokenized assets on any blockchain and in any marketplace. Jiritsu is the trustless operating system designed to verify financial workflows. Their proprietary zkMPC nodes enable independent verification of compute, automation, and data, generating proofs to the Layer 1.
Avalanche L1 Technology
Avalanche L1s are a horizontal scaling solution, consisting of a group of validator nodes that come to consensus on a blockchain. They provide scalability and flexibility for custom blockchain developers, but managing them can be costly. GoGoPool aims to reduce these costs and simplify the management of Avalanche L1s, enabling rapid experimentation and growth in the blockchain space.
Core GoGoPool Products
Liquid Staking: This feature allows users to stake their AVAX and earn returns from the highest yielding LST on Avalanche without locking up their assets. Users receive ggAVAX, which can be traded anytime and used in DeFi, providing both flexibility and earning potential.
Validator Launching (Minipools): With almost half the usual AVAX required, users can become validators on Avalanche with minimal hassle through the One-Click launcher and have it managed by their partner ooNodz, eliminating the need for technical expertise.
Blockchain Integration: GoGoPool connects projects looking to launch their own blockchains with reliable validators, facilitating seamless launches and scalable growth.
GoGoPool Highlights
Lower Cost of Validation: GoGoPool reduces the cost of validation from 2000 AVAX to approximately 1120 AVAX, making it more accessible for validators.
Increased Yield for Validators: Validators using GoGoPool can earn more by receiving their standard AVAX rewards along with GGP rewards and rewards in L1 native tokens they’re validating.
Strong Community of Validators: Currently, 15% of Avalanche’s network is validated through GoGoPool, supported by a community of over 250 validators looking to validate multiple Avalanche Layer 1s.
Integration Model
The integration between Jiritsu Network and GoGoPool is set to unlock new possibilities for blockchain innovation on Avalanche L1s.
This partnership is poised to drive significant advancements in the blockchain space, making it easier for any L1 on Avalanche to tokenize and manage real-world assets, especially with secure and private asset verification using ZK-MPC technology. Stay tuned for more updates as we embark on this exciting journey together.
