February 7, 2025
Fragmetric, a liquid restaking protocol on Solana, has raised $7 million in a seed funding round. The investment was co-led by Finality Capital and Hashed, with participation from Hypersphere, Presto Labs, Bitscale Capital, Halo, and Flowdesk. Several angel investors from the Solana and restaking communities also contributed to the round.
The platform enables liquid restaking on Solana and supports native NCN rewards distribution. By utilizing Solana’s token extension transfer hooks, it allows rewards to be distributed based on asset-holding duration. Fragmetric also addresses challenges in determining slashing ratios when multiple liquid staking tokens (LSTs) participate in restaking. Since launching in October 2024, the platform has recorded growth in total value locked (TVL), with more than 25,000 unique addresses holding fragSOL and fragJTO. Future plans include expanding integrations with DeFi protocols and strengthening its role within Solana’s staking ecosystem.
About Fragmetric
Fragmetric is a liquid restaking station built on Solana, designed to facilitate native NCN rewards distribution and support interoperability with various liquid staking tokens. The platform integrates with DeFi protocols and utilizes Solana’s staking infrastructure to optimize the use of restaked assets.
Website: https://fragmetric.xyz/
X: @fragmetric
About the Investors
Finality Capital
Finality Capital is an investment firm focused on early-stage blockchain projects. The firm provides capital to decentralized infrastructure and financial applications within the digital asset sector.
Location: Beverly Hills, CA
Website: https://www.finality.capital/
Hashed
Hashed is a global venture capital firm specializing in blockchain and Web3 investments. The firm supports projects in DeFi, NFTs, and decentralized infrastructure.
Location: Seoul, Republic of Korea
Website: https://www.hashed.com/
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