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Chorus One Partners with Fragmetric to Pioneer Liquid Restaking on Solana

Chorus One
Chorus One
November 28, 2024
5 min read
November 28, 2024
5 min read

Chorus One is excited to announce our partnership with Fragmetric, a leading liquid restaking protocol on Solana.

Restaking, one of the most significant innovations in the crypto space in recent years, is now arriving on Solana through Jito Restaking. This platform will leverage Solana native assets to support Node Consensus Networks (NCNs), applications that deliver services to Solana users.

While progress in liquid restaking has been impressive, the space still faces challenges that slow down its growth:

  • Ensuring fair allocation of rewards among participants.
  • Determining proportional penalties for LSTs in the event of slashing.

Fragmetric solves these issues with $fragSOL, an innovative liquid restaking token (LRT) powered by Solana's unique features:

  • Leveraging Solana’s token extension and transfer hook functionalities to enable time-based reward tracking for LRT holders.
  • Using the Normalized Token Program to pool LSTs into a unified economic framework, ensuring slashing events are fair.

Stay tuned as Chorus One shapes the future of restaking with Fragmetric and $fragSOL!

About Fragmetric

Fragmetric is a native liquid restaking 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 NCN reward distribution. Furthermore, Fragmetric designed practical solutions, the Normalized Token Program for leveraging various LSTs in restaking platforms. Fragmetric’s mission is to build a secure, transparent, and highly efficient restaking infrastructure that empowers users and supports the stability of the Solana's restaking ecosystem.

About Chorus One

Chorus One is one of the largest institutional staking providers globally, operating infrastructure for over 60 Proof-of-Stake (PoS) networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, we have been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001 certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, visit chorus.one or follow us on LinkedIn, X (formerly Twitter), and Telegram.