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GoGoPool x Cubist for CoqNet validation

Bringing secure hardware to Avalanche L1s

August 26, 2024
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Staking
Key management
Company news
It’s been a long time coming to announce that we’ve teamed up with <a href="https://www.gogopool.com/" target="_blank">GoGoPool</a>! We're working on a few things together, and today we're excited to announce that we’ve been collaborating to make it safe and easy for anyone in the decentralized universe to spin up validators for <a href="https://coqnet.co/" target="_blank">CoqNet</a>, a new Avalanche L1 emerging as the “cultural epicenter” of the Avalanche community. <br> ## GoGoPool is a leader in the Avalanche ecosystem <br> We have long admired how GoGoPool has swiftly developed into a dominant player within the Avalanche world. We are similarly excited about and committed to Avalanche—as the only wallet infrastructure offering first-class support for the P-Chain—and work closely with the Ava Labs team (whose ecosystem fund, Blizzard, invested in our seed round!) and power many interesting projects building on Avalanche’s excellent technology. It’s with great pride we are officially adding GoGoPool to our list of close collaborators! The team behind GoGoPool is strong technically and builds serious products. We also love that they take a heavy community focus in driving adoption. <br> As the first permissionless staking protocol for Avalanche, GoGoPool has built their entire ethos around making it simple and cost-effective to build on Avalanche and participate in the Avalanche protocol. GoGoPool’s goal is to make it easier to launch and run <a href="https://support.avax.network/en/articles/4064861-what-is-an-avalanche-l1" target="_blank">Avalanche L1s</a> (formerly known as subnets) with a decentralized validator set. They accomplish this by abstracting away both the technical complexity and the capital requirements for running an Avalanche validator—allowing validators to launch with a one-click setup and without having to put up the 2,000 AVAX required by the network. What goes on behind the scenes of GoGoPool is going to be made even easier with ACP-77, an upcoming Avalanche community proposal aimed at making Avalanche L1s more accessible and significantly cheaper by changing how they are managed and validated. <br> ## What it means to power CoqNet <br> GoGoPool wants to be the base layer that powers decentralization for all of these new L1s launching on Avalanche. It comes as no surprise that GoGoPool has partnered with CoqNet to power the validator infrastructure behind their new L1 chain. <br> CubeSigner was an easy choice for bringing CoqNet validators to life through the GoGoPool interface. Beyond the obvious that it offers serious security and performance guarantees and first-class support for BLS keys (which are required for P-Chain validation and signing cross-chain Warp messages), CubeSigner allows GoGoPool to maintain a non-custodial model with respect to each validator key. This means that validator operators can give GoGoPool permission to do things behind the scenes, like sign validation messages and handle staking rewards, without needing to give them access to the keys themselves or any underlying assets. <br> We were delighted when GoGoPool’s engineers shared that building CoqNet infrastructure on CubeSigner saved them a ton of time and made it possible to ship a product that would otherwise have required a ton of in-house security engineering. <br> <blockquote>“The Avalanche P-Chain natively supports multisig, but it’s awkward and cumbersome to use. By leveraging CubeSigner, we allow teams to store a single P-Chain key in a secure enclave, and then assign granular permissions on usage of that key to various ecosystem participants—resulting in a very flexible system that is also highly secure.” <footer>– Johnny Gault, GoGoPool CTO</footer> </blockquote> <br> ## Validators and so much more <br> CoqNet validators are just the beginning for Cubist + GoGoPool. GoGoPool’s vision is to provide the interoperability for CoqNet to connect to any other L1 in the Avalanche ecosystem. This would mean that users can move their tokens from chain to chain without the hassle of manually bridging the assets. They are working closely with the Ava Labs team to build on top of Teleporter, a cross-chain communication protocol built on top of Avalanche Warp Messaging. There’s more to making this UX happen—stay tuned! <br> <pre><br> <br> <br> <br> <br> </pre><br> <br> **About GoGoPool** <br> Founded in January of 2022 by Steven Gates and Johnny Gault, GoGoPool is the first decentralized staking protocol on the Avalanche chain. GoGoPool was created to launch subnets on Avalanche by being the easiest way to stake AVAX. To learn more, <a href="https://www.gogopool.com/" target="_blank">visit their website</a> or <a href="https://x.com/GoGoPool_" target="_blank">follow them on X</a>. <br>

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