Staking $SOL and its Liquid Staking Tokens (LSTs) like $mSOL and $jitoSOL has become popular for users to earn rewards while supporting the network’s integrity. But staking alone has limitations; it only secures the on-chain Solana network, leaving app-specific off-chain chains vulnerable. These off-chain chains, vital for services such as oracles, bridges, and keeper networks, use independent consensus mechanisms that lack alignment with Solana’s consensus, introducing inefficiencies and increased risks. Managing multiple staking positions to maximize yield while minimizing risks becomes overwhelming and complex for retail users, often requiring technical knowledge and constant monitoring.

As Solana’s first native Liquid Restaking Protocol, Fragmetric aggregates user deposits and strategically restakes them across platforms like Jito Restaking, Solayer, and Picasso. Doing so secures the Solana network and strengthens the app-specific chains through restaking, ensuring seamless integration between on-chain and off-chain networks. Fragmetric eliminates the complexity for users, offering industry-leading yields, reduced risks, and a sustainable way to contribute to Solana’s ecosystem.

What is Fragmetric?

Fragmetric, founded by SolZac and Sang, is the first Solana-native Liquid Restaking Protocol designed to maximize staking efficiency and rewards for users. By staking $SOL or Liquid Staking Tokens (LSTs) like $mSOL and $jitoSOL, users earn not only staking and MEV rewards but also restaking rewards. Fragmetric, co-founded by SolZac and Sang, redistributes these deposits across platforms such as Jito Restaking, Solayer, and Cambrian, using a yield-optimizing strategy. In return, users receive $fragSOL, a Liquid Restaking Token (LRT), representing their restaking position. This innovative protocol simplifies the staking process while providing industry-leading yields with minimized risk.

The Mission And Vision Of Fragmetric

Fragmetric’s mission is to empower the Solana ecosystem by aggregating liquidity for restaking, enhancing security for off-chain consensus mechanisms, and maximizing yield for users. By leveraging LSTs, Fragmetric aligns app-specific chains with Solana’s consensus, securing both the on-chain network and off-chain services while managing risks effectively.

Fragmetric envisions creating an efficient restaking ecosystem on Solana. By building a secure liquidity layer for restaking, the platform aims to support Solana’s economic growth, encourage decentralization, and enable seamless collaboration between on-chain and off-chain networks.

Use Cases for Fragmetric

Optimized Yield Generation for LST Holders

Fragmetric enables users to maximize the yield from their Liquid Staking Tokens (LSTs) such as mSOL, bSOL, and jitoSOL. By restaking these tokens through Fragmetric, users can generate additional rewards without the need to manage multiple protocols manually.

Transparent and Equitable Reward Distribution

The Reward Module ensures precise, real-time tracking of user contributions. This makes Fragmetric ideal for users seeking fair reward allocation in restaking pools, especially compared to traditional restaking systems where dilution can occur.

Flexible Staking and Restaking Strategies

Institutional investors and advanced users can utilize the Strategy Manager to configure restaking portfolios dynamically. The ability to manage asset flows, maintain liquidity reserves, and optimize delegations ensures that funds are efficiently utilized to achieve the best possible outcomes.

Decentralized Governance Participation

With Fragmetric’s integration of governance-driven strategies, community members can influence the protocol’s restaking configurations. This empowers users to participate actively in decision-making while aligning the protocol’s operations with user preferences.

Secure Slashing and Validator Monitoring

Through the Normalized Token Program, Fragmetric offers a robust mechanism for handling slashing events. Validators exhibiting malicious behavior are penalized, ensuring the network remains secure and trustless.

Developer-Friendly Integrations

Fragmetric’s modular architecture allows developers to build new decentralized applications (dApps) that integrate staking and restaking features seamlessly. Its support for multiple protocols like Jito and Marinade creates significant opportunities for innovation in DeFi.

Fragmetric Architecture

The Fragmetric platform consists of several core modules, each tailored for specific functionalities. This modular structure allows Fragmetric to handle complex interactions with staking and restaking protocols, while adapting dynamically to user behavior and governance configurations.

Liquid Restake Program

The Liquid Restake Program forms the backbone of Fragmetric’s staking ecosystem, handling user deposits, withdrawals, and strategy management.

Core Functions

• Deposits and Minting: Users can deposit assets such as mSOL, bSOL, jitoSOL, INF, or SOL into the $fragSOL Fund. Upon deposit, $fragSOL tokens are minted for users based on the normalized pricing from the Normalized Token Program.
• Withdrawals: Users can request withdrawals, which burn $fragSOL tokens and reserve equivalent $SOL for timely claims.
• Staking and Restaking Operations: Integrates with various protocols like Jito and Marinade to implement staking strategies and dynamically adjust asset flows.

Strategy Manager

The Strategy Manager oversees asset movements and ensures alignment between the fund’s reserves and protocol allocations. It dynamically configures investment strategies, delegating funds to Node Consensus Network (NCN) Nodes based on governance-driven configurations.

Staking and Restaking Adaptors

Fragmetric employs adaptors to interface with diverse protocols. These adaptors create abstract layers, allowing seamless staking, restaking, and delegation rebalancing across supported protocols like Jito, Solayer, and Picasso.

Normalized Token Program

The Normalized Token Program manages the minting and burning of $fragSOL and $nSOL tokens, ensuring precision in delegation and slashing.

Key Features

• Price Normalization: Determines the value of $fragSOL by consolidating on-chain data from liquid staking pools like mSOL, bSOL, and jitoSOL.
• Oracle Integration: Employs fallback pricing through trusted oracles such as Pyth Network and Switchboard when direct stake pool data is unavailable.
• Slashing Events: Issues nSOL to slashers for detecting malicious NCN node behavior, enabling them to claim SOL and LSTs upon burning nSOL.

Reward Module

Fragmetric’s Reward Module innovatively distributes restaking rewards using Solana’s Token Program 2022, ensuring transparency and accuracy.

How It Works

• Real-Time Contribution Tracking: Tracks user contributions based on $fragSOL holdings and updates in real-time. Contributions grow linearly, factoring in the amount of $fragSOL held and the duration of holding.
• Settlement Blocks: Periodic blocks accumulate contributions and define reward distribution windows.
• Reward Distribution: Rewards are proportionally distributed based on user contributions within each settlement block, ensuring fair allocation.

Custom Accrual Rates

Specific reward pools offer accelerated accrual rates, incentivizing user participation and boosting contributions for targeted protocols.

$fragSOL

$fragSOL is Fragmetric’s flagship product and the first Solana-native Liquid Restaking Token. It represents staked SOL or Liquid Staking Tokens (LSTs) like $jitoSOL, $mSOL, or $BNSOL, offering staking rewards alongside restaking revenues. $fragSOL allows users to earn Solana staking yields, MEV rewards, and restaking fees from protocols such as Jito, Solayer, and Picasso, maximizing returns while maintaining liquidity.

What Makes $fragSOL Unique?

Fragmetric leverages Solana’s transfer hook technology to address challenges in distributing rewards from NCNs (Non-Consensus Nodes) and AVS (Active Validator Sets). When users transfer $fragSOL, the transfer hook updates balances in Fragmetric’s Rewards Module, ensuring precise tracking of rewards based on holding duration. This innovation outpaces Ethereum-based protocols, which struggle with such distribution complexity.

Fragmetric also implements the Normalized Token Program to manage a diverse pool of LSTs. When users deposit assets like $jitoSOL, equivalent $fragSOL tokens are minted, while corresponding $nSOL tokens are restaked for additional economic security. In case of slashing, the program ensures proportional claims, maintaining a stable validation ecosystem.

Dynamic Pricing of $fragSOL

The price of $fragSOL is dynamic, reflecting the value of its underlying Liquid Staking Tokens (LSTs).

• Stake Pool-Based Pricing: For tokens like mSOL and bSOL, pricing is derived directly from on-chain data, ensuring accuracy.
• Oracle-Based Pricing: When direct data is unavailable, the system integrates trusted oracle feeds, providing reliable fallback pricing mechanisms.

DeFi Opportunities with $fragSOL

$fragSOL offers numerous DeFi applications, including:

• Collateral for Borrowing: Use $fragSOL as collateral in lending platforms to unlock liquidity.
• Liquidity Provision: Add $fragSOL to liquidity pools on DEXs to earn trading fees.
• DEX Trading: Trade $fragSOL directly on decentralized exchanges, enabling seamless entry and exit.

SANG

SANG, short for SolanA Network Guard, represents the heart of the Fragmetric community. These are individuals who choose to restake their tokens using Fragmetric, playing a crucial role in securing and enhancing the Solana ecosystem. By becoming a SANG, you go beyond being a user; you become a protector of the network. This means actively contributing to the safety and efficiency of both on-chain operations and off-chain consensus mechanisms that power critical services like oracles, bridges, and decentralized exchanges.

SANG members are more than just contributors; they are innovators. Together, they engage in research, develop new solutions, and help launch cutting-edge products like NCN and AVS, which enhance Solana’s economic and technical framework. By holding $fragSOL, members not only earn rewards but also gain a stake in Solana’s growth and security.

Conclusion

Fragmetric is a revolutionary restaking protocol on Solana, delivering unparalleled efficiency and flexibility for Liquid Staking Token (LST) holders. At its core, the Liquid Restake Program integrates advanced modules like the Strategy Manager, Staking and Restaking Adaptors, and the Normalized Token Program to streamline asset management and optimize restaking strategies. The innovative $fragSOL token is central to Fragmetric, enabling seamless deposits, withdrawals, and equitable reward distribution. The platform ensures precise pricing by leveraging real-time stake pool data and reliable oracle-based systems.