Top Tweets for #endlessDecentralization

over 2 years ago

📢CYBER WEEK SALE LAST CALL! ⏱️Ends tonight @ 10pm CEST (4pm ET) 💸Last hours to benefit from up to 25% discount on ALL our offers! ▶️Try the 1-Click-Launcher on @GoGoPool_ https://t.co/T1bSis9yyD https://t.co/OmhILOxI8Z #web3 #endlessdecentralization

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ooNodz Network @ooNodz_Network

over 2 years ago

📢#SaveTheDate 📢 Next Monday, Our Partner @GoGoPool 🎈 will be presenting some incredible advances for our #Web3 ecosystem on @avax . A little bird tells us that our customers and followers will appreciate... 🥳🎉 More to come, Stay tuned! 🛜 #endlessDecentralization

Hypha🌱 @hypha_sh

over 2 years ago

What You Need to Know About “First Step: A GoGoPool Keynote” Its been half a year since GoGoPool launched and in that time we’ve already helped launch over 100 Avalanche validators and are securing over 185K AVAX but there are still a few obstacles on the way to our mission of bringing blockchain to the world using Avalanche Subnets. It’s time to talk about clearing them. We’re so happy to invite you and the rest of the Avalanche community to what we know will be a landmark event in the web3 world. Our upcoming keynote, "First Step" will unveil groundbreaking new developments designed to accelerate the adoption and expansion of Subnets. First Step debuts live on GoGoPool’s Twitter this Monday December 4th at 11AM EST, this event is not just another conference; it's the dawn of a new era in web3 applications and mindset. Keep reading below for a glimpse of what’s to come. A Peek into the Future At the heart of First Step are these transformative innovations, each designed as the “first step” to furthering web3 expansion and as a way to help our mission to “Bring blockchain to the world”: - Helping Decentralize Subnets: Imagine a tool that simplifies the complexities of token distribution, specifically tailored for Subnet developers and those excited about validating them - Revolutionizing Validator Launches: For too long, launching a validator has been a daunting and expensive task. We're about to change that narrative - Expanding Our Community's Voice: The GGP community is filled with talented individuals whose ideas need to be heard and supported Be Part of the Revolution Sign up for our email list for a chance to win 10 @avax next Monday, December 4th and to be the first to get alpha on the latest innovations being built on GoGoPool. We’ll also make sure to remind you about First Step. You can signup here: https://t.co/yxWIWodVN4 Your journey into the future of web3 begins here. Don't miss out on this pivotal moment in digital history.

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774

ooNodz Network @ooNodz_Network

about 3 years ago

This. What a summary from @GoGoPool_ of the exciting prospects offered to the @avax ecosystem! #subnets are the future. We are also very proud and excited to be part of this plan, and to make validation available to as many people as possible. #ooNodz #endlessDecentralization

Hypha🌱 @hypha_sh

about 3 years ago

Here's How We Expand the Avalanche Network The Avalanche network has always been at the forefront of web3 technology, decentralization and scalability. A testament to its strength is the 1,325 validators already actively participating. However, in order to launch all Subnets on Fuji testnet, we need to hit a target of 2,000 validators with that target rising as Subnet adoption increases. So here's a question for you to ponder: How do we bridge the gap between the 1,325 validators we have now and the 1000s more we'll need in the future? Challenges Node Operators Face 1. The costs associated with becoming a validator can be expensive. Regular validation of Avalanche requires 2000 AVAX which at current prices is over $25K. That means in order to launch a Subnet you'd have to cover $125K in costs just for the initial validators. 2. Current incentives for validators may not be enticing enough to attract the necessary numbers. There are certain risks that come with investing in a validator and some users may not see an estimated 5% apy as worth the risk; especially with more competitive defi apys being possible. 3. Management and launch of a validator needs to be streamlined. Launching a validator regularly can be difficult for people who aren't technically savvy. Thankfully, solutions to these challenges are emerging in the form of Minipools. Why Minipools? Validators who opt to validate through GoGoPool's Minipools enjoy several benefits: Affordability: Initiating as a validator through Minipools costs only half, at 1100 AVAX. Simplified Management: With the assistance of GoGoPool's partner, @ooNodz_Network, managing and launching a node becomes more straightforward and cost-effective. Enhanced Incentives: Validators can anticipate the arrival of Subnet native tokens as reward and there's potential for greater rewards than regular validation when validating using a Minipool. To understand the monetary benefits of Minipool Validation vs. Regular Validation, consider this: Regular Validation: Yields the standard AVAX staking fee. Minipool Validation: Offers multiple streams of income including: - AVAX staking fee - Node operator commission - A share of over $90K in monthly $GGP rewards - Subnet native tokens(soon) Estimating Rewards Using the GGP rewards calculator, we can further dive into potential earnings: https://t.co/1rbDAzWxDl Assuming a minimum collateral ratio of 10% and an investment into one Minipool for 1100 AVAX, GoGoPool estimates a 16.56% higher APY than solo staking, even after accounting for the 1100 AVAX cost. This translates to a $2,400 yearly earning in $GGP rewards on top of the $950 from the Avalanche network. Conclusion The advent of Minipools is not just about higher rewards. They represent a paradigm shift for the Avalanche network. By making it economically more viable for node operators, they incentivize further expansion of the Avalanche network and, subsequently, Subnets. The reduced costs imply that the same investment can now potentially birth two validators – a proposition that might get even better in the future. For those intrigued by the potential of Minipools, starting is as simple as visiting GoGoPool's application page. https://t.co/z7dc4lbMdt A real-world testament to its efficacy can be found in this user story. https://t.co/dS0c9tGEDk Moreover, if you require any assistance on your validation journey, then please contact @breeviegotrekt, @stvngts, or the official @GoGoPool_ account and we'll help you out. In essence, Minipools offer an opportunity not just to earn more but to be part of a larger movement expanding the Avalanche network. To those on the fence, it's time to take the plunge. 🎈

hypha_sh's tweet photo. Here's How We Expand the Avalanche Network

The Avalanche network has always been at the forefront of web3 technology, decentralization and scalability. A testament to its strength is the 1,325 validators already actively participating.

However, in order to launch all Subnets on Fuji testnet, we need to hit a target of 2,000 validators with that target rising as Subnet adoption increases.

So here's a question for you to ponder: How do we bridge the gap between the 1,325 validators we have now and the 1000s more we'll need in the future?

Challenges Node Operators Face

1. The costs associated with becoming a validator can be expensive. Regular validation of Avalanche requires 2000 AVAX which at current prices is over $25K. That means in order to launch a Subnet you'd have to cover $125K in costs just for the initial validators.

2. Current incentives for validators may not be enticing enough to attract the necessary numbers. There are certain risks that come with investing in a validator and some users may not see an estimated 5% apy as worth the risk; especially with more competitive defi apys being possible.

3. Management and launch of a validator needs to be streamlined. Launching a validator regularly can be difficult for people who aren't technically savvy.

Thankfully, solutions to these challenges are emerging in the form of Minipools.

Why Minipools?

Validators who opt to validate through GoGoPool's Minipools enjoy several benefits:

Affordability: Initiating as a validator through Minipools costs only half, at 1100 AVAX.

Simplified Management: With the assistance of GoGoPool's partner, @ooNodz_Network, managing and launching a node becomes more straightforward and cost-effective.

Enhanced Incentives: Validators can anticipate the arrival of Subnet native tokens as reward and there's potential for greater rewards than regular validation when validating using a Minipool.

To understand the monetary benefits of Minipool Validation vs. Regular Validation, consider this:

Regular Validation: Yields the standard AVAX staking fee.

Minipool Validation: Offers multiple streams of income including:
- AVAX staking fee
- Node operator commission
- A share of over $90K in monthly $GGP rewards
- Subnet native tokens(soon)

Estimating Rewards

Using the GGP rewards calculator, we can further dive into potential earnings:
https://t.co/1rbDAzWxDl

Assuming a minimum collateral ratio of 10% and an investment into one Minipool for 1100 AVAX, GoGoPool estimates a 16.56% higher APY than solo staking, even after accounting for the 1100 AVAX cost.

This translates to a $2,400 yearly earning in $GGP rewards on top of the $950 from the Avalanche network.

Conclusion

The advent of Minipools is not just about higher rewards. They represent a paradigm shift for the Avalanche network.

By making it economically more viable for node operators, they incentivize further expansion of the Avalanche network and, subsequently, Subnets.

The reduced costs imply that the same investment can now potentially birth two validators – a proposition that might get even better in the future.

For those intrigued by the potential of Minipools, starting is as simple as visiting GoGoPool's application page.
https://t.co/z7dc4lbMdt

A real-world testament to its efficacy can be found in this user story.
https://t.co/dS0c9tGEDk

Moreover, if you require any assistance on your validation journey, then please contact @breeviegotrekt, @stvngts, or the official @GoGoPool_ account and we'll help you out.

In essence, Minipools offer an opportunity not just to earn more but to be part of a larger movement expanding the Avalanche network. To those on the fence, it's time to take the plunge. 🎈

111

ooNodz Network @ooNodz_Network

about 3 years ago

Our discount campaign is still live! Don't miss the chance to host your @avax node for up to 20% less, stake your AVAX for half cost on @GoGoPool_ 's Minipools and qualify for the @GoGoPool_ $90k reward campaign ! Ends on July 10th #endlessdecentralization #web3 #minipools

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