In Temporary
Fragmetric has launched its mainnet and launched the LF(ra)G marketing campaign, enabling customers holding fragSOL to take part and earn on-chain F Factors.
Liquid restaking protocol Fragmetric on Solana introduced the launch of its mainnet. In celebration, it has launched an LF(ra)G marketing campaign, permitting anybody holding fragSOL tokens to take part and earn on-chain F Factors.
F Factors shall be distributed in seasonal phases, with the present marketing campaign marking Season 1. Customers holding fragSOL can entry staking rewards, MEV rewards, NCN rewards, and extra by staking their SOL with Fragmetric. Holding fragSOL will mechanically accumulate F Factors in real-time with out further actions required.
Moreover, contributors who restake via the platform utilizing the Backpack pockets will obtain a 1.3× bonus on F Factors. This companion enhance supplies a 30% enhance in F Factors in comparison with common staking, providing contributors extra incomes potential. In the meantime, Fragmetric’s partner-boost system is designed to offer customers with further rewards and alternatives.
Every season consists of a number of phases, every with specified deposit limits. For Part 1 of the primary season, preliminary caps are set at 27,000 SOL, 13,500 JitoSOL, and 4,500 mSOL, although these limits could also be adjusted throughout or after the part. These caps are supposed to keep up operational effectivity.
As a way to be part of the marketing campaign, customers can go to the Fragmetric software, join their pockets, navigate to the “Restake” tab, and restake their SOL, JitoSOL, or mSOL to acquire fragSOL.
What Is fragSOL?
fragSOL is Fragmetric’s Solana-native Liquid Restaking Token (LRT), developed to handle limitations seen in different LRT options. By using Solana’s token extension with switch hooks, fragSOL can observe consumer balances over time, enabling exact distribution of Node Consensus Node (NCN) rewards primarily based on the length every consumer holds the token.
Moreover, Fragmetric introduces the Normalized Token Program, which manages a various assortment of Liquid Staking Tokens (LSTs) and establishes particular slashing ratios for every LST to mitigate potential validator slashing dangers. This strategy units a brand new benchmark for restaking performance on Solana.
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About The Writer
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
