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Liquid restaking first emerged on Ethereum (ETH) as a way to increase capital efficiency for stakers by issuing liquid tokens representing their staked assets. The concept has subsequently made its way to Solana (SOL) through the Fragmetric (FRAG) protocol — the blockchain's first native liquid restaking platform.
Fragmetric initially focused on liquid restaking for Solana's native token, SOL, and various liquid staking tokens (LSTs), such as JitoSOL and mSOL. Over time, Fragmetric has expanded its operational scope by introducing the FRAG-22 asset management standard. This framework supports multi-asset deposits and real-time tracking of multiple reward streams.
Today, Fragmetric offers three liquid restaking tokens (LRTs) — fragSOL for SOL, fragJTO for the Jito protocol (JTO) governance token and fragBTC, a yield-bearing Bitcoin-pegged asset on Solana. Each token aggregates rewards from staking, MEV and other yield sources, often with auto-compounding features. This positions Fragmetric as a comprehensive solution for efficient asset management within Solana's growing decentralized finance (DeFi) ecosystem.
Key Takeaways:
Fragmetric (FRAG) is a liquid restaking protocol on Solana that allows you to deposit SOL and various LSTs to earn yields while helping secure Solana-based blockchain services and protocols.
Fragmetric's native token, FRAG, is used for protocol governance, staking and determining the mechanics of reward distribution on the platform.
FRAG can be bought on Bybit as a USDT Spot pair and as a Perpetual contract.