@fragmetric, a native liquid restaking protocol on Solana, allows staking of already staked assets like LST.
It boosts revenue and remains DeFi-friendly without fund lockups. Total TVL is $278.6M and keep growing.
Raised $13M and got a Solana Foundation grant.
1) fragSOL with up to 18% APY on SOL
Choose fragSOL, select token for deposit
Sol, bbSOL, jitoSOL, bnSOL, enter amount and restake
Simply holding $fragSOL allows you to earn F Points, @switchboardxyz Oracle rewards.
For 1 fragSOL held over 24 hours, you would get 86.4 F Points. Unstaking take 1 day, and 0.2% fee.
2) Multiply fragSOL rewards, on @RateX_Dex
In Points tab, choose fragSOL
LP strategy (Earn APY, while retaining a majority of all points)
You earn 18.44%, + 4x Fragmetric F points, 4x RateX points, and $SWTCH.
3) Boost Fragmetric points up to 100x
Buy YT (Yield Token) that gives you leveraged exposure to the strategy rewards, F Points.
You can sell anytime (before the token gradually goes to zero value at maturity) at market price and keep all the points earned.
Enter amount of fragSOL you want to spend
Check how many YT-fragSOL-2508 you'll receive
Press the “Leverage” button to buy YT-fragSOL-2508
After that, your F Points will start accumulating automatically.
4) Mint or Buy Fragmetric NFT:
Supply 10k
Mint price 1 SOL (this month)
0.75% of the total token supply, reserved for holders
WLs went to @RateX_Dex, @LoopscaleLabs, @switchboardxyz, @ExponentFinance, @PingNetwork_io active users
For more detailed information, check this thread: https://x.com/FabianoSolana/status/1932799274401796283
Is that $35k even real?
Yes, but to get this amount of Airdrop you would need to at least restake $10k worth of SOL.
Then spend a few fragSOL on the “YT-fragSOL-2508” strategy to basically become a whale with such a boost of points.
And buy NFT or mint, which is a no-brainer if you look at collections like Pythenians that went from $200 to $1.8k, GigaBuds from $200 to $500, and Play Solana from $200 to $1k.
On top of that, you get RateX and Switchoard Airdrops, which boost your bag.
Note, there is a good strategy with
zBTC to do the same:
LoopScale instead of RateX, but with a smaller multiplier:
I don't see the point of just holding SOL and BTC, when you can earn and farm Airdrop.
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