Fragmetric began its journey in Oct 2024 with a focused mission: to accelerate the decentralization of Solana while ensuring that all participants in the restaking ecosystem benefit.

Today, the Fragmetric Foundation is pleased to share the upcoming launch of the FRAG token, marking a key milestone in the evolution of the Fragmetric Protocol. The FRAG token will serve as a foundational mechanism for empowering community members to directly influence both governance and the strategic direction of the protocol.

Fragmetric has seen strong traction within the Solana ecosystem. With over $300 million in Total Value Locked (TVL) and more than 80,000 unique participants, fragSOL stands as the largest and fastest-growing Liquid Restaking Token (LRT) on Solana.

Partners on the Journey

The Fragmetric Protocol’s innovative asset standard, FRAG-22, enables the seamless onboarding of diverse LSTs into Jito (Re)staking. This includes the integration of an LST owned by a publicly-listed company, marking a first among Liquid Restaking Token protocols on Solana. In addition, by leveraging one of FRAG-22’s core features, precision real-time multi-reward distribution, Fragmetric has established exclusive partnerships with Node Consensus Networks (NCNs), including Switchboard and Ping Network.

• Onboarded BNSOL, bbSOL, jupSOL, RoXSOL, dfdvSOL to Jito (Re)staking
• Exclusive NCN partnership with Switchboard and Ping Network
• Integrated with Solana's leading DeFi protocol including Orca, Kamino, Loopscale, RateX, Exponent, and many more

Supported by Community

From day one, Fragmetric has grown alongside its users. We gave our community the name SANG (SolanA Network Guard), and despite being a liquid restaking protocol (one fundamentally based on deposits), we successfully fostered a vibrant community that generated real network effects. STEM.

With this progress as a foundation, the next step is to place governance in the hands of the users and contributors who brought Fragmetric to where it is today.

The Token & Airdrop

The FRAG token has been fully minted with a fixed supply of 1 billion. There will be no further issuance. Some key details below:

• Token Name: Fragmetric (FRAG)
• Max Total Supply: 1,000,000,000 FRAG
• Initial Circulating Supply: 202,000,000 FRAG

Distribution

Vesting Schedule

1. Core Contributors
   This portion of the FRAG allocation (20%) represents the distribution to the Fragmetric Labs team and advisors who have worked on the protocol to bring fragAsset to market. All core contributors are locked on a 1 year cliff, followed by 2 years of linear monthly vesting. No core contributor tokens are unlocked prior to the 1 year cliff.
   
   
2. Investors
   The investor allocation (22%) represents token rights obtained by investors backing the Fragmetric protocol's development. Fragmetric Labs has been fortunate to have the support of prominent investors in the Solana community since its inception. Their expertise and strategic guidance have played a key role in the protocol’s growth and development over the past year. This includes the Legion community sale. The tokens allocated to investors unlock with a 10% immediate distribution, followed by a 1 year cliff and 2 years of linear monthly vesting.
   
   
3. Foundation
   The Fragmetric protocol has demonstrated strong early momentum, but the mission to strengthen the security and economic potential of the Solana ecosystem is far from complete. The Foundation allocation (13%) is dedicated to funding communities and contributors who drive the expansion of Solana’s premier liquid (re)staking protocol, and will be used to support further development, risk assessments, audits, and more. Foundation allocation is vested every 3 months over 4 years.
   
   
4. Ecosystem Development and Community
   30% of FRAG is allocated to developing the Fragmetric ecosystem including continued R&D, developer programs, ecosystem growth, and other user activities. One-third of the tokens allocated to ecosystem growth unlock immediately, with the remainder vesting every 3 months over 4 years. 20% of the immediately unlocked portion is allocated to the Fragmetric community, representing the airdrop distributed for community engagement and NFT holder incentives.
   
   
5. Airdrop
   15% of FRAG is allocated to the airdrop, with the first 8% representing the portion that will be airdropped to Fragmetric users as part of Season 1 of the LF(ra)G Campaign. Eligibility for the FRAG token airdrop has been determined based on each user's contribution to the growth of the Fragmetric Protocol over time. This includes long-term holders of fragSOL, fragJTO, and fragBTC, users who actively participated in partnered DeFi protocols. Detailed eligibility criteria can be found below.

Utility of FRAG

FRAG token holders can stake their tokens to participate in protocol governance. The duration of the stake determines the voting power, encouraging long-term alignment with the protocol. Stakers are eligible to vote on key decisions, including the adjustments to protocol parameter of Node Operators and Fund Managers, and the distribution of protocol incentives.

• The Fragmetric Grants Program, which will launch to support the long term growth of the ecosystem
• Protocol key economic parameters, such as node operators, fund managers, and various protocol upgrades
• Token staking, to earn additional incentives

In addition to governance, staking FRAG will boost your F Points in upcoming LF(ra)G Campaign seasons. More on this soon.

Season 1 Airdrop Details

10% of the total supply is allocated to Fragmetric users and the community, recognizing both early contributors and those who will carry the ecosystem forward.

Eligibility Criteria & Distribution

• Accumulating F Points: Users who accumulated F Points by holding fragAssets or by depositing them into partnered DeFi protocols.
• Community Engagement: Participated in activities such as creating content, engaging on social platforms. (e.g. DRiP, Discord)
• NFT Holders: Holders from the following NFT collections will receive 1% of the total supply:
  • Mad Lads
    Mad Lads holders who joined Fragmetric community server and linked their wallet via Matrica.
  • TOPU, Inc.
    TOPU Inc. holders will receive distribution proportional to the number of NFTs held. Listings at the time of the snapshot are not eligible.
    
    WAO X STEM

The Season 1 airdrop will be fully unvested at launch.

Timeline

• Discord Role & Mad Lads Snapshot Date: June 23, 2025
• TOPU, Inc. & F Point Snapshot Date: June 24, 2025
• Eligibility Check: June 26, 2025
• Claim Window: Starting July 1, lasting for a month

How to claim FRAG

Starting July 1st, users will be able to claim their FRAG by visiting airdrop.fragmetric.xyz. This is the only official Fragmetric checker and claim link. To ensure your safety, do not engage with or click on any links shared by third parties claiming affiliation with Fragmetric. Claiming will be available for 30 days following the launch of FRAG.

Looking Ahead

Season 1 was just the beginning! Keep accumulating F Points during Season 2 to become eligible for the second airdrop. Details about Season 2 will be announced at a later date, and until then, any activity after the snapshot and before the official Season 2 announcement may be retroactively counted toward Season 2.

Disclaimer

Users eligible for the FRAG airdrop will be able to verify their eligibility through our official website. The Fragmetric Foundation will provide an update once the eligibility checker and claim portal are live.

We urge all community members to stay vigilant against potential scams. Please ensure that any website you access is under the official fragmetric.xyz domain. Neither the Fragmetric team nor community moderators will ever ask for your personal information.