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$fragmetric Asset

fragJTO

fragJTO is the first non-SOL Liquid Restaking Token (LRT) introduced by Fragmetric. By staking JTO, the governance token of the Jito Protocol, you receive fragJTO, which represents your staked JTO and entitles you to:

  1. MEV Rewards
    Your JTO is utilized to secure TipRouter, a core component of the MEV ecosystem on Solana. The MEV tips generated here are shared with fragJTO holders, enhancing overall APY.
  2. Additional Restaking Revenue
    With integrations on the Jito (Re)staking Protocol, including collaborations with NCNs, Fragmetric efficiently redistributes extra restaking rewards to fragJTO holders.
Rewards within the protocol are distributed in two ways: when Jito (Re)staking rewards arrive in JTO that can be deposited back into fragJTO, the protocol uses auto-compounding to grow fragJTO’s APY. If the rewards are paid in tokens not supported by the protocol, users can manually claim those tokens at any time. This dual model maximizes yields for fragJTO while ensuring users maintain direct control over any non-compounding rewards.

LF(ra)G Campaign

Simply holding $fragJTO allows you to earn F Points, which are measured in seconds. For example, if you deposit 1 fragJTO, your F Points start accruing immediately. After one full day (86,400 seconds), your additional F Points can be calculated using fragJTO’s accrual rate of 0.00002:

Hence, for every 1 fragJTO held over 24 hours, you would gain 1.728 F Points. For a more detailed explanation, refer to the LF(ra)G Campaign section.

Deposits

To mint fragJTO, simply deposit JTO through Fragmetric’s (Re)staking Station.

Steps to Deposit

  • Select an Asset : Choose JTO from the dropdown menu.
  • Enter an Amount: Specify JTO you want to deposit. Click Max if you want to deposit your entire balance.
  • Click RESTAKE: Confirm the transaction in your wallet. Once complete, fragJTO will appear in your wallet.

Unstaking

Once you submit an unstake request, it will be placed in a queue and become claimable after 2 epochs (up to approximately 1 week). During this period, Fragmetric handles the following on your behalf:

  • Undelegating tokens from the node operator
  • Retrieving tokens from the restaking vault

Please note there is a 0.2% withdrawal fee for each unstake request, which helps cover expenses associated with the Jito (Re)staking platform.

Steps to Unstake

  • Enter an Amount: Specify fragJTO you want to unstake. Click Max if you want to unstake your entire balance.
  • The "Receive" amount displayed at this stage is an estimate. Your actual withdrawal amount may differ when the unstaking process completes.
  • Once the unstaking process is complete, you can withdraw your JTO from the Withdraw Queue.