Release Notes

February 17, 2025

Liquid Restake Program v0.5.0

Fragmetric Liquid Restake Program v0.5.0 is live on Solana Mainnet.

Latest Audit Reports
- QuantStamp: View the audit report
Previous Audit Reports
- QuantStamp: View the audit report
- Certora: View the audit report

Restaking Protocol Integration:
- Jito Restaking Protocol Program.
Staking Protocol Integration:
- SPL Stake Pool Program.
- Marinade Stake Pool Program.
- Sanctum Single Validator SPL Stake Pool Program.
Fund Implementation:
- Fund Operator
  - A finite state machine which fully circulates underlying assets with different types of assets, such as SOL, LSTs, nSOL and VRT based on the fund strategy and withdrawal requests.
  - A single type of instruction can be called repeatedly to cycle through entire asset flows, regardless of each state.
  - Anyone can call this operator to execute asset flows, though authorization is required to configure the fund strategy.
- Restaking Rewards Compouding:
  - The first restaking rewards, JitoSOL, from TipRouter is being compounded into each funds ($fragSOL, $fragJTO).
- De-Fi Integration Support:
  - Wrap & Unwrap instructions have been released.
  - LRT (SPL Token 2022) can be wrapped into legacy SPL Token to facilitate De-Fi protocol integration.
  - Wrapped token can be utilized in various De-Fi protocols.
  - Still, restaking rewards shall be distributed with transparency.
Fund Configuration:
- $fragSOL
  - Withdrawal and transfer enabled.
- $fragJTO
  - A new fund accepting JTO released.
  - Withdrawal and transfer enabled.

October 18, 2024

Fragmetric Liquid Restake Program is live on Solana Mainnet!

Fund Implementation:
- Deposit & Mint:
  - Native SOL deposits to the Fund and mint LRT.
  - LST deposits to the Fund and mint LRT. - Deposits using liquid staking tokens (LSTs), including mSOL, bSOL, and jitoSOL.
- LST Pricing:
  - Pricing based on stake pools ensures accurate valuation of deposits using LSTs, reflecting real-time stake pool data for tokens like mSOL, bSOL, and jitoSOL.
- Withdrawal & Burn:
  - Native SOL withdrawal from the LRT Fund and burn LRT. Withdrawal and burn ratio is based on LRT pricing at withdrawal.
Fund Operator Implementation:
- Operator Instructions:
  - Withdrawal batch process invocation.
  - Reward pool update to calculate contribution.
Reward System Implementation:
- Implementation of reward accrual, tracking, and settlement covering various reward types, including arbitrary tokens, points, and SOL.
- Tracking every LRT transfer across the entire Solana network and calculating contributions for rewards using the Token Extension (Token2022 program) - Transfer Hook.

Fund Configuration:
- Currently supports SOL, mSOL, and jitoSOL deposits, depending on their respective capacities.
- Withdrawal and transfer will be enabled with upcoming update on the Mainnet.
Reward System Configuration:
- Base Pool (POOL_ID: 0) : Reward pool for future AVS/NCN rewards.
- Bonus Pool (POOL_ID: 1) : Reward pool for Fragmetric's own rewards including fPoint, etc.
- F Point (REWARD_ID: 0): Points for Fragmetric's future token airdrops.
- Customized Accrual Rate: A contribution boost is applied only to the Bonus Pool and is effective only for fPoint rewards. It is effective when deposits are made using the Backpack wallet.

Restaking Protocol Integration:
- Jito Restaking Protocol vault program integration.
Fund Operator Implementation:
- A finite state machine which fully circulates underlying assets with different types of assets, such as SOL, LSTs, nSOL and VRT based on the fund strategy and withdrawal requests.
- A single type of instruction can be called repeatedly to cycle through entire asset flows, regardless of each state.
- Anyone can call this operator to execute asset flows, though authorization is required to configure the fund strategy.
$fragSOL - Fund Configuration:
- Withdrawal and transfer will be enabled.