Skip to main content

$fragmetric Asset

fragBTC

fragBTC is the first yield-bearing Bitcoin, co-launched by Fragmetric, Solv Protocol, and Zeus Network. By staking BTC-pegged assets, you receive fragBTC, which offers a compelling opportunity to earn sustainable yields while contributing to Solana’s DeFi growth.

​How fragBTC Works

fragBTC generates its base yield through SolvBTC.JUP, a BTC yield strategy built by Solv Protocol. This strategy sources BTC-denominated returns by providing liquidity to the Jupiter Liquidity Provider (JLP) Pool on Jupiter Exchange.

To reduce exposure to market volatility, SolvBTC.JUP applies a delta-neutral approach, offering risk-adjusted yield profiles designed to accommodate varying levels of risk tolerance among Bitcoin holders.

fragBTC starts with SolvBTC.JUP and will expand to a variety of BTCFi strategies, allowing users to stake their Bitcoin-pegged assets on Solana while maintaining liquidity and earning yields.

​Why fragBTC Matters for Bitcoin Holders and Solana

FragBTC marks a pioneering effort at the intersection of Bitcoin and the Solana ecosystem.

  • For Bitcoin holders, it unlocks a reliable avenue to earn yield while preserving both BTC exposure and on-chain liquidity — tackling the long-standing inefficiency of idle Bitcoin capital.
  • For the Solana network, fragBTC introduces deep Bitcoin liquidity that enhances overall capital efficiency.

By combining this sustainable yield-generating model with Solana’s fast transactions and low fees, fragBTC is positioned to solve the long-standing issue of over $1 trillion in idle BTC capital.

Unstaking

During the pilot phase, the approximate queue period is 1 day. After the pilot phase, the unstake period may vary depending on fragBTC’s yield source. For example, when fragBTC uses SolvBTC.JUP, the unstake process may take up to 30 days.

    • BTC is withdrawn from Solv's yield source (e.g., SolvBTC.JUP) - up to 20 days
    • Withdrawn BTC is transferred to Solana - up to 10 days
    • User receives BTC equivalent to the value of the requested fragBTC withdrawal

During the pilot phase, the withdrawal fee is set to 0%. After the pilot phase, a 0.2% BTC network withdrawal fee for zBTC and a 0.6% withdrawal fee on SolvBTC.JUP withdrawals may be applied, if fragBTC uses SolvBTC.JUP as its yield source. This results in a total effective fee of approximately 0.8%. In other words, the withdrawal fee may vary depending on the yield source selected by fragBTC. This fee exists to help maintain network stability, and no additional fees are charged by Fragmetric.