fragSWTCH is the staked version of SWTCH, the native token of the Switchboard oracle network that powers governance, economic security, and real-time data at scale, introduced through an exclusive partnership between Fragmetric and Switchboard. By (re)staking SWTCH through the Fragmetric protocol, you receive fragSWTCH, which represents your staked assets and gain access to all utilities, including:
fragSWTCH grants direct voting power over the future of the Switchboard protocol, enabling holders to make decisions around:
  • Node onboarding, performance requirements, and slashing conditions
  • Staking, delegation, and reward parameters
  • Core protocol fee structures
  • Priority technical upgrades and integrations

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How to stake SWTCH

To wield the true power of SWTCH and access the full set of utilities mentioned above, holders can stake their SWTCH (and mint fragSWTCH) using Fragmetric Vault. https://app.fragmetric.xyz/restake/
Rewards within the protocol are distributed as follows: Switchboard Oracle Network fees together with SWTCH subsidies fund the Fragmetric Restaking Vault, and the protocol auto-compounds these rewards into fragSWTCH.