We are excited to announce that Figment is a node operator for Fragmetric, a liquid restaking protocol built on Solana. This integration enables our users to participate in Solana’s growing restaking ecosystem while maximizing the utility of their staked assets through Liquid Restaking Tokens (LRTs).
What is Fragmetric?
Fragmetric is a Liquid Restaking Station, and their first product, $fragSOL, is the first LRT on Solana, powered by Jito (Re)staking’s VRT module. Fragmetric selects Node Consensus Networks (NCNs) that optimize for $fragSOL’s risk-adjusted returns in the Jito Restaking ecosystem. Fragmetric aims to enhance both the security and economic potential of the Solana ecosystem through advanced restaking solutions.
Fragmetric and Figment Collaboration
Supporting the vision of liquid restaking on Solana means providing robust infrastructure for protocols like Fragmetric. As a trusted node operator, Figment runs dedicated validator infrastructure that supports Fragmetric’s liquid restaking operations, ensuring the security and efficiency of their $fragSOL token and broader ecosystem.
Fragmetric takes a methodical approach to risk management and reward distribution. Their innovative use of Solana’s Token Extensions, particularly the transfer hook feature, allows for precise tracking of user balances and rewards. This technical implementation, supported by Figment’s reliable infrastructure, ensures that Network Compensation Node (NCN) rewards are distributed accurately based on users’ holding periods.
Fragmetric Key Features:
- Native Liquid Restaking Protocol: Leverages Solana’s Token Extensions to create efficient and secure restaking mechanisms
- $fragSOL Token: The first Solana-native Liquid Restaking Token based on Jito Restaking VRT, featuring innovative transfer hook technology for precise balance tracking
- Normalized Token Program: Enables support for various Liquid Staking Tokens (LSTs) as well as native SOL to foster the prosperity of the Solana Liquid Staking Ecosystem.
Through this integration, Figment continues its commitment to supporting innovative protocols. Fragmetric’s approach to liquid restaking represents a significant step forward in making staked assets more productive while maintaining security and transparency. To learn more about Fragmetric, reach out to our team.
About Fragmetric
Fragmetric is a native liquid restaking station on Solana that aims to improve the economic potential and security of the Solana ecosystem. Fragmetric succeeded in carrying out NCN reward distribution by utilizing Solana’s token extension. Additionally, Fragmetric created useful solutions, such as the Normalized Token Program, for utilizing various LSTs in restaking platforms. The goal of Fragmetric is to create a safe, open, and incredibly effective restaking system that empowers users and supports the stability of the Solana restaking ecosystem.
