$FRAG Set for Bitget Launchpool as Fragmetric Expands Liquid Restaking on Solana

in #launchpool2 days ago

Bitget Launchpool has been gaining attention for offering hourly rewards over short durations of just 2–5 days, as seen with previous launches like $DMC and $GM. Now, $FRAG is set to join the lineup in three days, an event that has also been highlighted by platforms like CoinGecko, a signal that both Bitget and the project are attracting interest.

Fragmetric, the protocol behind $FRAG, operates on Solana as a liquid restaking platform. It allows users to stake assets like $SOL, $JTO, $BTC, and stablecoins, while keeping them accessible for other decentralized finance (DeFi) activities. Since its launch in October 2024, Fragmetric has shifted from being Solana’s first native liquid restaking service to developing the FRAG-22 asset management standard. This system focuses on supporting multiple asset types, distributing rewards precisely, and enabling flexible yield strategies.

An important technical detail is that Fragmetric is the first Solana native liquid restaking protocol built on Jito’s Restaking Vault Receipt Tokens (VRTs). Users who deposit assets into Fragmetric’s Normalized Token Pool receive $fragSOL, which remains usable in DeFi while still earning staking, MEV, and AVS rewards.

It remains to be seen how $FRAG will perform in Bitget’s fast-paced Launchpool environment, but interest appears to be growing.
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