Hypha Staked AVAX
STAVAX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
STAVAX (Hypha Staked AVAX, formerly ggAVAX under GoGoPool) serves as a liquid staking token on the Avalanche C-Chain with an approximate 6% staking APY. The protocol demonstrates solid technical foundations and active development, evidenced by multiple comprehensive smart contract audits (Kudelski, Code4rena, Zellic, Quantstamp), an active Immunefi bug bounty, institutional mentions, and integrations with platforms such as SwissBorg and Aave governance proposals. Its tokenomics are structured soundly with an elastic supply tied to staking rewards and no predatory unlock schedules. However, STAVAX faces notable adoption and structural challenges: market liquidity and 24-hour trading volumes remain exceptionally low, community engagement is minimal, and validator operations remain heavily centralized (~95% of staked AVAX is operated across five team-managed validators). Security and incident histories are clean with $0 in exploit losses, though its overall score reflects market-depth constraints and the standard price drawdown cycle. No qualifying red-flag events were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Hypha Staked AVAX (STAVAX)
STAVAX (Hypha Staked AVAX), formerly known as ggAVAX, is a liquid staking token on the Avalanche C-Chain issued by the Hypha protocol (formerly GoGoPool). Developed by contributors from Multisig Labs, the token represents staked AVAX and is designed to unlock liquidity for participants securing the Avalanche network. STAVAX accrues value through underlying network consensus staking rewards and MEV, generating an estimated yield of approximately 6% APY after a 10% protocol fee.
The token features an elastic supply mechanism with approximately 1.58 million tokens in circulation and no native inflation schedule. STAVAX has been integrated into decentralized finance platforms such as Silo V2, SwissBorg Crypto Bundles, and evaluated for Aave V3 onboarding. The underlying protocol has completed multiple security audits conducted by Kudelski, Code4rena, Zellic, and Quantstamp, and operates an Immunefi bug bounty program with rewards up to $50,000.
Despite having no history of smart contract exploits or protocol depegs, STAVAX presents several structural and market-related risks. The protocol exhibits validator centralization, with approximately 95% of total staked AVAX managed across five internal team-operated validators rather than decentralized Minipools. Protocol governance is conducted via a separate token (GGP) rather than STAVAX directly. Additionally, the token suffers from low secondary market trading volume and liquidity, and it has experienced an unrecovered market drawdown exceeding 86% from its all-time high of $67.01.