FAQ

Has xGGP been audited?

Yes - see Audits

What are the expected rewards?

15% APY and rewards will be distributed a few hours before each GGP rewards period.

When do I need to have GGP in the vault?

Rewards are distributed a few hours before each rewards period. Make sure to you have your GGP tokens deposited in the xGGP vault before the rewards period to ensure you earn yield.

When can I withdraw my GGP from the vault?

We will try and maintain as much liquidity as possible for depositors. Before each rewards period, GGP is withdrawn from the vault for staking. After the rewards period, as our nodes finish their validation cycle, GGP will be re-deposited into the vault. Within 14 days of a rewards cycle, the vault should have enough GGP for 100% of people to withdraw. Any GGP can be withdraw before then as long as there is liquidity in the vault.

What are the risks?

See Risks

How does it work?

We are operating several GoGoPool minipools alongside this vault. We supply the Avax and handle the operation of the nodes, and use the vault GGP to stake on those nodes. Yield comes from the GGP rewards cycles.

See Vault Strategy - Node Operation

Is xGGP fully permissionless?

No - the contracts are upgradable by SeaFi LLC's 2:3 multisig and the GGP is being staked on nodes operated by the SeaFi team.