Solana Restaking Protocol Fragmetric Secures $5M Strategic Funding Round

In Brief:

Fragmetric, a Solana-based restaking protocol, raised $5 million in a strategic round led by Rockaway Capital.

The protocol aims to become Solana’s first Liquid Restaking platform, bringing capital efficiency and enhanced decentralization.

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Fragmetric, a pioneering restaking protocol on Solana, has successfully closed a $5 million strategic funding round, with participation from Rockaway Capital, Robot Ventures, Amber Group, Hypersphere, and BitGo. This brings the project’s total funding to $12 million to date.

Fragmetric is focused on enabling Liquid Restaking, particularly through Node Consensus Network (NCN) reward distribution and LST (Liquid Staking Token) management. The protocol aims to optimize capital efficiency while reinforcing network security and decentralization in the Solana ecosystem.

As the restaking narrative gains momentum across chains, Fragmetric positions itself as the go-to platform for LST yield optimization and validator incentives on Solana, similar to EigenLayer’s impact on Ethereum.

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