GoGoPool🎈

So @AVAX has been deep in the lab with beakers and shxt making sure Subnets (private blockchains) are the most customizable, scalable, decentralized, and interoperable tech that web3 has ever seen. And trust they’re already making a huge splash right now with innovations like: Evergreen Subnets: makes it easier for institutions to get involved(you ever thought about how far blockchain tech has come without institutional involvement? Imagine how far it’ll go with it) AvaCloud: makes Subnet development easier and faster(launch your dev environment in like 30 seconds; quicker then a barista making your unnecessarily complicated Starbucks order) HyperSDK: over 100,000 TPS(slam dunking on Visa’s 24,000 TPS…you remember what Shaq did to Dudley from the Raptors? Something like that) In the immortal words of @stvngs “Subnets are the only thing that make sense for creating a global scale experience.” So let’s dive a little deeper into why I believe Subnets are sexy as fxck 1. Scalability: Who cares about your tech if it cant scale? No one. We’re not here to make blockchain the next mom and pop store we’re here to bring this thang to the masses and Subnets are designed with scalability at the forefront. Avalanche's C-Chain, for instance, boasts a transaction capacity of around 4,500 tps (transactions per second) which is already good, but then when you talk about Subnets, you have to talk about their being no explicit limitation on the tps. Remember everything is customizable so if you want to take the body kit Avalanche has already provided and super charge that thing with a Ferrari engine, then you can do it. Take HyperSDK for example, @patrickogrady and team decided to put a jet engine in a car making that thing fly from 4,500tps all the way to 100,000 tps.(That absolutely crushes Visa’s 24,000 tps and I’m pretty sure every other chain. Feel free to prove me wrong.) 2. Enhanced Decentralization: Decentralization is important because it ensures that control is distributed, reducing single points of failure and increasing resistance to censorship. ← That’s what ChatGPT said but this is what I say “You don’t want a few assholes messing it up for everyone.” I don’t know if I come from a place of privilege being on Avalanche but I can’t stand hard caps on validator sets. Doesn’t make sense for decentralization in my opinion. Also, models where every few years your project is at risk of losing its chain don’t make sense to me either(feel free to try and make it make sense to me in the comments I’d love to hear your perspective). But what does make a lot of sense and is pretty sexy to me are low hardware requirements and no validator maximum(12 yr old Breevie going thru puberty is super impressed). This will help lead to more decentralization and security(even though I do have thoughts about how we can make this better but we’ll get to that later). 3. Flexibility & Sovereignty:Subnets are more flexible than a hot yoga teacher(get your mind out of the gutter, hot yoga is a type of yoga). Subnets allow for a tailored blockchain experience. They can be public or private, interconnected or entirely sovereign, whatever the fxck you want just build it. For example, projects on Subnets can determine their criteria for validators and can use their own token for gas fees. Such flexibility ensures that the unique needs of various projects can be met, fostering innovation.4. Promoting Interoperability: A major advantage of Subnets is how they encourage different networks to work together, increasing interoperability. We all talk about the multichain future but how many teams are actually actively building it?In Avalanche's model, Subnets, validators, and the Primary Network are interconnected, benefiting each other without compromising the independence of individual Subnets.Plus you can use the EVM or make your own custom VM which teams like @movement are taking full advantage of and using to connect Avalanche with ETH, SOL and others.But everything can’t be all sunshine and rainbows(it’s early tech so chill) so let’s talk about some of the problems Subnet developers are facing.Problems Subnet Developers Face:Currently there are a few problems that Subnet developers are facing that YOU can help alleviate and bring about the change in web3 we need to bring it to the masses. High Development Costs: Making a Subnet is expensive as fxck. In order to take a Subnet to mainnet it is recommended to have at least 5 validators. Each validator requires a 2000 AVAX minimum stake which is a large capital requirement for someone who just wants to develop something. We need to make these costs more trivial if we’re going to see true mass adoption. Right now, if I’m a college student racking up 10s of thousands of dollars of debt before I even know wtf debt is and I have an idea I’d like to build it’s not possible for me to shell out $100,000 for just validators(no matter how much ramen I eat to save money). Sourcing Validators: So you’ve built a Subnet and want to start decentralizing it by adding more validators from the community but where the hell do you find them? How do you know they’ll be willing to validate your Subnet for a long time?(instead of paper handing their rewards and dumping on everyone’s head). The only way I’ve personally been able to find them is if they have “I’m an Avalanche validator” in their profile on Twitter. Finding validators that way is straight up not sustainable and there are currently 400 Subnets being built on Fuji which means we’ll need around 2000 validators for the first wave and we only have 1,400 now. Lack of Development Knowledge: There aren’t a lot of people who have built Subnets right now so it can be difficult to get useful information about development(again, it’s brand new tech so chill). People like @luigidemo, @patrickogrady, @coopernicus, @morgankrupetsky, and of course @gogopool are good people to follow in these regards How YOU Can Help: Lowering Development Costs: The LSDeFi market has been praised as an excellent way to free up liquidity in the space. It allows people to stake their AVAX and receive a liquid staking derivative that represents their stake and rewards they’ve accrued.(Here comes the shill we’ve all been waiting for but hey fxck it it’s useful shilling).When people stake using GoGoPool their AVAX is also used to help expand the Subnet economy by lowering development/validation costs. Users stake their AVAX and receive $ggAVAX they can use in defi protocols like @Balancer and @vectorfi. The AVAX they deposited is then used to match with validators looking to validate the network, reducing validation costs in half; these validators validating through GoGoPool are called Minipools. Sourcing Validators: Minipool operators have formed a community in the GoGoPool Discord.(more shilling I know but get the fxck over it we want to expand Avalanche and I’m shilling a way to do so.)Subnets are now using GoGoPool to connect directly with possible validators meaning they don’t have to waste valuable developer time searching for them on Twitter. Lack of Development Knowledge: The best way to spread information is by word of mouth. If you see information that is useful to the community a simple like + repost goes a long way towards spreading useful information to the rest of the community. (you can even start with this post if you want Conclusion:Subnets are the fxcking shxt. They’re the sexiest tech among all the blockchains and I dare you to prove me wrong in the comments. Peace frens

Was anybody at our Spaces today with GoGoPool? OMG the alpha. Those guys are chads.

Y'all see ggAVAX comin' to M1? 👀

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