Tokenomics
Overview
The FRAG token serves as the governance and utility token for the Fragmetric Protocol, the largest and fastest growing Liquid Restaking Token (LRT) protocol on Solana. With over $300 million in Total Value Locked (TVL) and more than 80,000 unique participants, FRAG empowers community members to directly influence governance and strategic direction of the protocol.
Token Specifications
| Token Name | Fragmetric (FRAG) |
| Maximum Total Supply | 1,000,000,000 FRAG |
| Initial Circulating Supply | 202,000,000 FRAG |
| Token Standard | Solana SPL Token |
Token Distribution
The FRAG token distribution is designed to align long-term incentives across all stakeholders in the Fragmetric ecosystem.
Distribution Breakdown
1. Core Contributors (20%)
- Recipients: Fragmetric Labs team and advisors
- Vesting Schedule:
- 1-year cliff period
- 2 years of linear monthly vesting post-cliff
- No tokens unlocked before the 1-year cliff
2. Investors (22%)
- Recipients: Early backers and strategic investors including Legion community sale participants
- Vesting Schedule:
- 10% immediate distribution
- 1-year cliff for remaining tokens
- 2 years of linear monthly vesting post-cliff
3. Foundation (13%)
- Purpose: Funding development, risk assessments, audits, and protocol expansion
- Vesting Schedule: Quarterly vesting over 4 years
4. Ecosystem Development and Community (30%)
- Purpose: R&D, developer programs, ecosystem growth, and user activities
- Vesting Schedule:
- 1/3 unlocked immediately (including 20% for community airdrop)
- Remainder vests quarterly over 4 years
5. Airdrop (15%)
- Season 1: 8% of total supply
- Future Seasons: 7% reserved
- Distribution: Based on protocol contribution and engagement metrics
Vesting Schedule Summary
| Allocation | Percentage | Initial Unlock | Cliff Period | Vesting Duration |
|---|---|---|---|---|
| Core Contributors | 20% | 0% | 1 year | 2 years (monthly) |
| Investors | 22% | 10% | 1 year | 2 years (monthly) |
| Foundation | 13% | 0% | None | 4 years (quarterly) |
| Ecosystem Development | 30% | 33.33% | None | 4 years (quarterly) |
| Airdrop (Season 1) | 15% | 53.33% | None | Fully unvested at season end |
Token Utility
1. Governance Participation
- Staking for Voting Power: Token holders can stake FRAG to FRAG² and get FVT (Fragmetric Vote Token) to participate in protocol governance
- Time Weighted Voting: Longer staking duration let more FVT which leads to more voting power, encouraging long term alignment
- Governance Scope:
- Protocol parameter adjustments
- Node Operator selection and management
- Fund Manager appointments
- Protocol upgrade decisions
- Incentive distribution mechanisms
2. Fragmetric Grants Program
- Staked FRAG holders vote on grant allocations
- Supports ecosystem development and innovation
- Funds community driven initiatives
3. FRAG² Rewards
- Earn additional incentives through FRAG staking
- Boost F Points accumulation in future LF(ra)G Campaign seasons
- Enhanced rewards for longer staking commitments
The FRAG token represents a critical evolution in the Fragmetric Protocol’s journey toward full decentralization. By placing governance power in the hands of users and contributors, FRAG ensures that the protocol’s future development aligns with community interests while maintaining the security and efficiency that has made Fragmetric the leading liquid restaking protocol on Solana.
For more information and updates:
- Website: fragmetric.xyz
- Airdrop Claim: airdrop.fragmetric.xyz
- Documentation: docs.fragmetric.xyz