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    Comparison of ggAVAX and sAVAX (2024)

    Mint Vs. Redeem
    Users Behavior & Interaction
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    sAVAX and ggAVAX are liquid staking derivatives (LSDs) for Avalanche, enabling users to earn staking rewards while maintaining liquidity.

    • sAVAX: Issued by Benqi Liquid Staking, it reflects staking rewards through its increasing value relative to AVAX. It is widely integrated into Avalanche DeFi platforms, making it ideal for users looking to maximize DeFi opportunities like lending and borrowing.

    • ggAVAX: Issued by GoGoPool, it offers enhanced staking rewards by auto-compounding earnings. While less focused on broad DeFi integration, ggAVAX is tailored for users who prioritize higher staking yields through optimized reward mechanisms.

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