We're excited to announce that fragBTC, the first yield-bearing BTC on Solana, is now available on Kamino's Liquidity Vault on Orca. fragBTC is built on the battle-tested FRAG-22 (Fragmetric Asset Standard), offering BTC holders a secure and efficient way to earn sustainable yields without sacrificing liquidity or BTC exposure.

What are wfragBTC?

wfragBTC is wrapped version of fragBTC, designed for broader DeFi compatibility. Some DeFi protocols do not support Token Extensions (also known as Token-2022), an advanced token program on the Solana blockchain. To address this, we created wfragBTC as a DeFi-compatible version of fragBTC, with the wrapped token pegged 1:1 to its underlying asset.

notes: fragBTC earns F Points simply by being held. However, since the wrapped version is DeFi-specific, it does not earn F Points just by holding—it must be actively used in DeFi to accumulate F Points.

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 wfragBTC and zBTC into respective pool ensures that every trade between these assets generates fees, which are proportionally distributed among liquidity providers.
  
• Automated Liquidity Vault 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 wfragBTC-zBTC pool on Orca. When you deposit wfragBTC, you'll continue to earn the fragBTC based yield while also earning fees from trading volume.

F Point Boost

As fragBTC integrates into DeFi, the F Points boost for holding fragBTC now defaults to 1x. Instead, users can earn a 2x F Points Boost by wrapping fragBTC and providing liquidity, plus earn various incentives.

• F Point accumulation occurs only when wrapped fragBTC is actively used in a DeFi protocol. Simply holding wrapped fragBTC does not earn F Points.
• When providing liquidity to the pool, F Points are awarded to enhance LP efficiency and promote swap stability. Therefore, single-asset deposits do not earn F Points—you must deposit both wfragBTC and zBTC.

Wrapping/Unwrapping and F Points Boost Rules

• Wrapping
  • When wrapping, all boost except for the referral boost are removed.
  • Simply holding wfragBTC 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 stake again using your Backpack wallet.

Trading and Incentives: wfragBTC Liquidity Vaults

As part of our launch, we're offering exclusive trading and liquidity opportunities on Orca and Kamino:

• Swap: You can now swap zBTC for wfragBTC at 0.01% fee tier.
• Liquidity Pool: Add liquidity to the wfragBTC-zBTC pool to earn rewards.($ORCA & $wfragSOL)
• Incentives: Zeus Network is incentivizing liquidity providers with 15,000 $ZEUS to the Kamino vault. (over the next week, reward will be distributed based on the deposit amounts)

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

• 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 a leading liquid (re)staking protocol on Solana, with a vision of enhancing the Solana ecosystem's security and economic potential. Through implementing advantage of Solana's token extension, Fragmetric has effectively implemented rewards distribution. Furthermore, Fragmetric designed practical solutions, the Normalized Token Program for leveraging various LSTs in (re)staking platforms.