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About Fragmetric

FAQ

What is Fragmetric?

Fragmetric is the first Solana native Liquid Restaking Protocol. By staking $SOL or LSTs such as $mSOL, $jitoSOL, and more with Fragmetric, earn restaking rewards in addition to their staking and MEV rewards. Deposits made via Fragmetric will be farmed out across various restaking platforms such as Jito Restaking, Solayer, Picasso, and Cambrian following a yield-maximizing strategy. Users of Fragmetric benefit from industry-leading yields sourced from restaking platforms while minimizing risk. In return, Fragmetric stakers will receive LRT that would represent their stake in it. The position would be used in numerous DeFi, while at the same time gaining rewards originating from NCN or AVS.

What is Fragmetric's Mission?

As hardware accelerates, Solana will become faster over time, eliminating the need for vertical scaling. However, services like oracles, bridges, Keeper networks, and others requiring off-chain consensus will continue to operate off-chain while sustaining on-chain activities on Solana. Solana will remain the primary global state machine, with app-specific chains serving as complementary add-ons to support the network.

The challenge is that the consensus mechanisms of these app-specific chains are not aligned with Solana's consensus. Restaking offers a new solution: instead of app-specific chains using their own tokens for consensus, they can utilize Liquid Staking Tokens (LSTs), ensuring network security. By staking SOL, users secure the Solana network, and by staking LSTs, they secure the off-chain consensus chains. However, this introduces a risk management problem for retail users.

This is where Fragmetric comes in. We aggregate retail deposits and restake them on behalf of users, securing both off-chain consensus and protecting users' funds. We are building the liquidity layer for the restaking era. Starting with $SOL and LSTs, any token can be restaked to secure the network. Fragmetric persistently aggregates liquidity from Solana and delegates it to off-chain consensus platforms, supporting economic security ecosystem of Solana and maximizing yield for retail users.

Why should I care?

Securing both the Solana network and additional networks might seem unrelated to why you would use Fragmetric. To put it simply, Fragmetric helps activate and sustain numerous off-chain consensus networks, which in turn provide you with additional yield on your $SOL. By staking your $SOL with Fragmetric and leaving it to work, you will continuously earn rewards for as long as the Solana network exists (which is effectively forever).

What’s $fragSOL?

$fragSOL is a Liquid Restaking Token that serves as a representation of one's position in the Jito (Re)staking process of the Fragmetric protocol. In the same way that $mSOL, $jitoSOL, and $INF are Liquid Staking Tokens that offer users their staking position, $fragSOL offers them their restaking position. You are able to claim your rewards coming from restaking protocols if you have $fragSOL and use it inside DeFi apps at the same time.

How do I receive my rewards?

Solana staking rewards and MEV rewards are automatically compounded into $fragSOL, therefore its value increases over time. NCN and AVS rewards ACCUMULATE in the Fragmetric reward reserve account, and anybody who holds more than one slot of $fragSOL is eligible to claim any rewards. Rewards amount distributed is proportional to holding period and amount of $fragSOL held.

Where are my tokens stored?

The tokens you deposit are transferred to the Fragmetric fund account. This account holds the actual user deposits, and Fragmetric mints nSOL (normalized SOL) in proportion to the deposited amount. The nSOL is then restaked and delegated across various NCN and AVS platforms.

How do I get F points?

F Point is the first reward provided by Fragmetric through its trustless reward program. To participate, simply hold your $fragSOL in your wallet and verify that the reward system is activated using your wallet address.