On October 24, 2024, $fragSOL went live on mainnet—Fragmetric is officially up and running! Not sure what fragSOL is? No worries, just check out this article first. Today marks the start of a new chapter in Solana restaking. To celebrate, we're kicking off the LF(ra)G campaign.
The LF(ra)G campaign is simple. Anyone holding $fragSOL can jump in. What's the benefit? We're giving out F Points.
Don't assume we're like other projects just because we're giving out points. Our points are onchain, meaning no insider trading or point manipulation. Full transparency. Full honesty.
It's the Fragmetric way.
LF(ra)G Explained
For How Long?
We're planning to distribute F Points in seasons, and this is Season 1. This season lasts until future announcements. Meanwhile, just hold fragSOL and enjoy staking rewards, MEV rewards, NCN rewards, and more. Restake your SOL with Fragmetric and forget about it—you'll be blessed.
How Much Do We Get?
Keeping fragSOL automatically earns you F Points in real-time—no extra steps needed. The number of F Points you earn is calculated using a simple formula. For example, if you have 1 fragSOL for a full day (86,400 seconds), you'll gain:
So, for every 1 fragSOL you hold, you'll stack an additional 86.4 F Points in just 24 hours. It's all about earning while you hold—that's part of the Solana lifestyle. Remember, the longer you wait, the more you miss out on.
Extra Bonus?
Absolutely! We have partnered with Backpack wallet. So anyone who restakes using our platform with the Backpack wallet will get a whopping 1.3× bonus on your points. By staking through the Backpack wallet, you'll automatically receive this partner boost on your F Points. That literally means you'll earn 30% more F Points than you would normally. It's an easy way to max out your gains—just restake your SOL with Backpack and enjoy the extra perks.
But that's not all—our Partner Boosting system is designed to bring you more opportunities for extra rewards. We'll be rolling out more partner boosts in the future, so always stay tuned to Fragmetric for the latest alpha. Keep an eye out for new partnerships that can help you stack even more F Points!
Bring Your Friends
We all know that fragSOL is alpha, and now it's time to shill it forward. When you restake using a buddy's referral link, you'll get a 10% boost in your rewards. Invite everyone to Fragmetric, and earn bonuses from portion of their earnings as well. Fragmetric wants to welcome everyone who loves Solana—it's not just a blockchain, it's a lifestyle. Help others become part of this journey.
So Hurry Up!
Each season consists of multiple phases, with deposit caps for each phase. Why the limits? To ensure better fund operation execution. For the first phase, we've set caps at 60,000 SOL, 30,000 JitoSOL, and 10,000 mSOL. Curious about the next cap? Stay tuned—we'll announce it when the time comes. One thing's certain, though: early stakers rake in more F Points.
Hodl fragSOL and Be SANG!
$fragSOL?
$fragSOL is Fragmetric's Solana-native Liquid Restaking Token that addresses key issues in existing LRTs. It leverages Solana's token extension with transfer hooks to precisely track user balances over time, ensuring accurate distribution of node consensus node (NCN) rewards based on token holding duration. Fragmetric also introduces the Normalized Token Program, which manages a diverse pool of Liquid Staking Tokens (LSTs) and sets appropriate slashing ratios for each LST in the event of validator slashing incidents. This innovative approach sets a new standard for restaking on Solana.
SANG?
SANG, short for SolanA Network Guard, refers to Fragmetric community members who restake their tokens to safeguard and enhance the Solana ecosystem. By becoming a SANG, you actively bolster both onchain and offchain security while collaborating on innovative solutions like NCN/AVS. Our cofounder, also named Sang, embodies this spirit by working alongside with community members. Joining SANG means being part of the team driving Solana forward.
First SZN, First Phase
To kick off our first season's first phase, we're gathering liquidity to secure the Solana ecosystem through restaking. We’re not gonna overload ourselves with massive amounts of SOL and LSTs right off the bat—the engine's not even warmed up yet! That's why we've set staking caps: 27,000 SOL, 13,500 JitoSOL, and 4,500 mSOL. These limits can be extended during Phase 1 or after. We have limited the deposits to ensure better execution of fund operations. One thing's for sure—early stakers get the F Points.
The restaking ecosystem is evolving rapidly, and we're right in the thick of it. We're developing procedures to seamlessly integrate with the Jito restaking protocol and staking pool programs. This integration will allow us to circulate all assets in the fund through SOL, LSTs, and VRT, efficiently managing both investments and withdrawals. This feature will roll out in the next phase, bringing with it the ability to make withdrawals.
At the beginning of the launch, we believed that fragSOL's lack of liquidity in DeFi could lead to depegging issues, regardless of the actual fund's underlying asset reserves. To handle this potential issue, we're planning to integrate the reward system into DeFi - including DEXs and lending protocols - only after securing sufficient liquidity with the launch of Phase 1 . We will then enable token transfers in the following phase.
Key Points:
- Controlled Launch & Staking Caps : We’re kicking off carefully with staking limits set at 27k SOL, 13.5k JitoSOL, and 4.5k mSOL. These caps ensure smooth operations and may be adjusted during or after Phase 1.
- Integration Plans & Future Features : Integrating with the Jito restaking protocol and staking pools to manage assets through SOL, LSTs, and VRT. This will enable withdrawals in the next phase.
- Liquidity Concerns & DeFi Integration : Addressing liquidity to prevent depegging issues. After securing enough liquidity in Phase 1, we’ll integrate rewards into DeFi platforms like DEXs and lending protocols, and enable token transfers.
How to be SANG
- Go to Fragmetric’s app (https://app.fragmetric.xyz )
Use referral link to get Invitee boost (it looks like the code below) https://app.fragmetric.xyz/referral?ref=[REFERRAL_CODE]
- Connect Wallet
- Go to the ‘Restake’ tab
- Restake SOL, JitoSOL, mSOL and get fragSOL
- Hold to protect the Solana Ecosystem
- Always remember - Stake twice, Earn more
- Please contact us in Discord #support-forum if you have any questions.
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