Fragmetric
The Beginning of the DeFi Journey: Kamino, Orca
Sang
Sang
The Beginning of the DeFi Journey: Kamino, Orca

We're excited to announce Orca and Kamino as our first DeFi partners on our journey in DeFi. This marks the beginning of $fragAsset’s seamless expansion in usability. Now, SANG can deposit their tokens into the wfragSOL-JitoSOL, wfragJTO-JTO pools, earning both $fragAsset's underlying restaking yield and trading fees.

Before that, you need to understand wrapped fragSOL (wfragSOL) and wrapped fragJTO (wfragJTO).

What are wfragSOL & wfragJTO?

wfragSOL & wfragJTO are wrapped versions of fragSOL & fragJTO, designed for broader DeFi compatibility. Some DeFi protocols do not support Token Extension (also known as Token-2022), an advanced token program on the Solana blockchain. To address this, we created wfragSOL and wfragJTO as DeFi-compatible versions of fragSOL and fragJTO, with the wrapped tokens pegged to their respective tokens.

By wrapping fragSOL and fragJTO, SANG can utilize them to execute various DeFi strategies while earning Solana staking yield + NCN rewards. In summary, the difference between fragSOL and wfragSOL is as follows.

  • fragSOL & fragJTO: Delivers optimized restaking rewards using Solana’s token extension’s transfer hook.
  • wfragSOL & wfragJTO: A standard SPL token, ensuring maximum DeFi compatibility and easier integration.

Warning: In other words, fragSOL and fragJTO earn F Points simply by being held. However, since the wrapped versions are DeFi-specific, they do not earn F Points just by holding—they must be used in DeFi to receive F Points

How can I get wrapped fragSOL & fragJTO?

You can wrap your $fragAsset to $wfragAsset here.

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Now that you've wrapped them, it's time to dive into the world of DeFi.

What can I do in DeFi?

  • Liquidity Provision on Orca
    Orca leverages a Concentrated Liquidity Automated Market Maker (CLAMM) to maximize capital efficiency and boost returns for liquidity providers. This model enables liquidity to be allocated within specific price ranges, allowing providers to earn more yield compared to traditional AMMs.
    By providing liquidity to Orca pools, liquidity providers collect fees from token swaps within those pools. For example, depositing wfragSOL and JitoSOL or wfragJTO and JTO into respective pools ensures that every trade between these assets generates fees, which are proportionally distributed among liquidity providers.

  • Automated Liquidity Vaults on Kamino
    Kamino's liquidity vaults are an automated liquidity solution that allows users to earn yield on their crypto assets by providing liquidity to concentrated liquidity market makers (CLMMs).
    The vault deploys liquidity into the wfragSOL-JitoSOL, wfragJTO-JTO pools on Orca. When you deposit wfragSOL or wfragJTO, you'll continue to earn the $fragAsset based yield while also earning fees from trading volume.

F Point Boost

  • fragSOL & fragJTO
    • F Points = (Held Quantity) × (Holding Time in Seconds) × ($fragAsset Coefficient)
    • $fragAsset Coefficient: fragSOL = 0.001 / fragJTO = 0.00002

      The boost for fragSOL remains the same as before. fragJTO, the 4x boost for first one month since the launch is now ending. However, those who are currently getting the 4x boost will continue to do so as a reward for early contributors.
      This means current fragJTO holders have two options:
        1. Hold fragJTO as is to maintain 4x boost
        2. Wrap fragJTO and provide liquidity to earn $JTO and $ORCA incentives while receiving 2x boost (Warning: Once fragJTO is wrapped, the 4x boost will be lost.)
  • wfragSOL & wfragJTO
  • F point accumulation occurs only when used in a DeFi protocol after wrapping. Simply holding wrapped fragSOL or wrapped fragJTO does not accumulate F points.

Wrapping/Unwrapping and F Point Boost Rules

  • Wrapping
    • When wrapping, all boost except for the referral boost are removed.
    • Simply holding $wfragAsset does not earn F Points.
    • If deposited into DeFi protocol, the corresponding boost for that pool applies.
  • Unwrapping
    • When unwrapping, if a referral is already registered, the referral boost will apply, but all other boosts will not be reapplied.
    • To reactivate the Backpack boost, unstake first and then restake again using your Backpack wallet.

Reward Activation

Since fragSOL and fragJTO is built on token extensions for transfer hook, you need to activate rewards in the following cases:

  • If you buy wfragSOL or wfragJTO and unwrap it.
  • If you transfer fragSOL or fragJTO from one wallet to another.
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Whitelisting protocols

Creating pools and vaults in DeFi is permissionless, but Fragmetric's initial whitelist includes only Orca and Kamino, with F Points rewards exclusive to these platforms. As liquidity deepens and stabilizes, the whitelist will expand.

Join the Fragmetric Community

About Fragmetric:

Fragmetric is a native liquid (re)staking 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.

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