Fragmetric
Liquid restaking protocol native to the Solana ecosystem.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $5.0m | Early VC | |
| Total Funding | 000k | ||
Fragmetric is a liquid restaking protocol developed on the Solana blockchain, founded in 2024 by Sol Zac and Sang Kim. The company's mission is to enhance the security and economic potential of the Solana ecosystem. It has secured a total of $12 million in funding through seed and strategic rounds, with investors including RockawayX, Hashed, Finality Capital Partners, Robot Ventures, and Amber Group.
The protocol enables users to stake assets like SOL, JTO, and BTC, and in return, receive liquid restaking tokens (LRTs) such as fragSOL, fragJTO, and fragBTC. This mechanism allows asset holders to maintain liquidity while earning yields from multiple sources. These sources include standard staking rewards, Maximal Extractable Value (MEV) rewards, and additional yields from participating in Node Consensus Networks (NCNs). The platform auto-compounds these rewards for its users.
A key feature of Fragmetric is its "Normalized Token Program," which standardizes various Liquid Staking Tokens (LSTs) to be used in its restaking platform. It leverages Solana's Token-2022 standard, including transfer hooks, to accurately track user balances and distribute rewards on-chain. This infrastructure supports various applications, including those in the decentralized finance (DeFi) and gaming sectors.
Keywords: liquid restaking, Solana, DeFi, blockchain security, asset management, staking rewards, MEV rewards, Node Consensus Networks, Normalized Token Program, fragSOL, fragJTO, crypto yield, blockchain infrastructure, Token-2022, LRT, LST, crypto asset management, decentralized finance, digital assets