fragSOL & fragJTO Recap

Leading VRT built on Jito (Re)staking

Since the launch of the LF(ra)G campaign in October 2024, fragSOL and fragJTO have established themselves as the unrivaled leading VRTs. Through TipRouter, Jito MEV tips are effectively distributed to (re)stakers, and Fragmetric was also recently selected as the exclusive VRT provider for Switchboard’s Node Consensus Network (NCN), playing a key role in accelerating Solana’s decentralization through restaking.

Despite broader market declines and Solana’s price dropping over 50% from its peak, Fragmetric’s TVL has remained resilient and continued to climb. According to DeFiLlama data, it surpassed $150M on April 23, reflecting sustained user demand. True to its name as a Liquid Restaking Token, over 60% of fragSOL is actively utilized across DeFi.

Now time to introduce a new fragAsset, fragBTC.

What is fragBTC?

Fundamental concepts

Bitcoin commands roughly 60% of the total crypto market, underscoring its unmatched security and brand strength. Yet most BTC sits idle on its own chain or on centralized exchanges because cross-chain transfers offer few incentives and involve too much friction. Solana changes that equation: with zBTC, Bitcoin holders can permissionlessly bridge BTC to Solana and immediately deploy it across the network’s fast, low-cost DeFi landscape, turning dormant assets into productive capital.

But unlocking capital is only the first step; the ecosystem now needs a yield-bearing staked BTC that offers Bitcoin holders a new way to earn stable yields denominated in BTC. We introduce fragBTC with this mission, co-launched by Fragmetric, Solv Protocol, and Zeus Network.

fragBTC: Unlocking True Bitcoin Productivity on Solana

fragBTC derives its sustainable and auto-compounding yield from SolvBTC.JUP, a BTC yield strategy built by Solv Protocol. This strategy taps into the Jupiter Exchange’s JLP Pool, one of Solana’s most liquid and efficient venues, to generate BTC-denominated yield sourced directly from Solana-native DeFi activities. Through a delta-neutral position hedged on centralized exchanges, SolvBTC.JUP minimizes exposure to market swings and delivers consistent, risk-adjusted performance tailored for Bitcoin holders.

In short, fragBTC offers Bitcoin holders a secure and efficient way to earn sustainable yields without sacrificing liquidity or BTC exposure. By combining this yield-generating model with Solana’s fast transactions and low fees, fragBTC is positioned to solve the long-standing issue of over $1 trillion in idle BTC capital.

fragBTC pilot phase is Live!

As part of a controlled ramp-up, we are finalizing system validation with Solv Protocol by conducting a full-scale operational test. This includes analyzing fund transfer risks, measuring end-to-end settlement times, calculating total fee impact, and verifying APY stability under live conditions.

Once this process is complete, BTC deposited into fragBTC will be seamlessly routed into Solv Protocol’s yield engine, enabling immediate and fully operational returns for users.

• LF(ra)G campaign
  By default, each 1 fragBTC earns you 0.8 F Points every second.
  During the initial first week, F Points will be boosted by 8x.
  • You can earn additional Solv Seasion 2 RP
  • $ZEUS rewards will be distributed for 2 weeks
    
    
• Starting May 1 at 15:00 UTC,
  • You can stake zBTC via Fragmetric
  • fragBTC can be withdrawn at any time
    • During the pilot phase, the approximate queue period is 1 day
  • The withdrawal fee is dynamically adjusted based on the yield source
    • During the pilot phase, the withdrawal fee is set to 0%.
    • After the pilot phase, a 0.2% BTC network withdrawal fee for zBTC and a 0.6% withdrawal fee on SolvBTC.JUP withdrawals may be applied, if fragBTC uses SolvBTC.JUP as its yield source. This results in a total effective fee of approximately 0.8%.
    • In other words, the withdrawal fee may vary depending on the yield source selected by fragBTC. This fee exists to help maintain network stability, and no additional fees are charged by Fragmetric.
      
      
• Step to stake your zBTC

• Connect your wallet that holding $zBTC to Fragmetric
• Select "fragBTC" on the lending page
• Click "RESTAKE" to initiate a transaction
• Once you approve and execute the transaction, you'll see that fragBTC has been minted

Join the Fragmetric Community

• website : fragmetric.xyz
• Read through the documentation : docs.fragmetric.xyz
• Meet the community in Discord : discord.gg/fragmetric
• Follow @fragmetric on X : x.com/fragmetric

About Fragmetric

Fragmetric is the first Solana-native liquid (re)staking protocol, with a vision of enhancing the Solana ecosystem’s security and economic potential while enabling (re)stakers to earn stable returns. By leveraging Solana’s token extension, Fragmetric has effectively implemented various reward distribution mechanisms. Furthermore, it has designed practical solutions such as the Normalized Token Program to support the use of various LSTs in restaking platforms. Fragmetric’s mission is to build a secure, transparent, and highly efficient (re)staking infrastructure that empowers users and supports the stability of the Solana’s (re)staking ecosystem.