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Liquid Restaking Protocols · OBOL rating

Fragmetric review

A thoughtful Solana restaking design in its first year, which is not long enough to judge anything.

6.1/10
Mixed
#13 of 15 liquid restaking protocolsChecked August 2026
The short answer

Fragmetric's normalised token design makes restaked Solana positions easier for other protocols to integrate, which is the right problem to solve early. It is very young, very small, and its risk mechanics have not met a stressed market.

Best forNormalised restaking positions on Solana

Score breakdown

Category rubric →
  1. Added slashing riskweight 25%
    5.5avg 6.6
  2. Contract securityweight 20%
    6.0avg 7.0
  3. Exit liquidityweight 20%
    5.0avg 6.0
  4. Operator transparencyweight 20%
    6.5avg 7.1
  5. Feesweight 15%
    8.0avg 7.8

this service category average across 15Score = Σ mark × weight. Usable, but there are better options for most people. Methodology.

The evidence behind each mark

Scoring rules →
CriterionMarkWhat we foundSourceChecked
Added slashing risk5.5not sourced yetnot sourced yet—
Contract security6.0not sourced yetnot sourced yet—
Exit liquidity5.0not sourced yetnot sourced yet—
Operator transparency6.5not sourced yetnot sourced yet—
Fees8.0not sourced yetnot sourced yet—

What we liked, and what fell short

Liked
  • Normalised token standard simplifies integration for builders
  • Competitive fees
  • Active security review programme
Fell short
  • Barely a year of production history
  • Minimal secondary liquidity

Why the marks landed where they did

Restaked tokens are awkward to integrate: each protocol issues its own, with different accounting and different rebasing behaviour, so every lending market and DEX must handle each case separately. Fragmetric standardised the format, which lowers the barrier for the rest of Solana DeFi to accept restaked collateral.

Why standardisation matters

An asset that protocols can integrate without bespoke work gets integrated. That is how stETH became collateral everywhere and why most LRTs did not. Solving it early is a sensible strategic choice, and it improves the odds that restaked Solana positions become genuinely usable rather than merely held.

What it does not have

Time. Launched in 2024, small deposit base, minimal secondary liquidity, and no experience of a stressed market. Every risk assessment in this category is provisional; here it is close to speculative.

Security posture

Audits published and an active security review programme, with no incidents to date. Fees around 5–10%.

Who should use it

Solana users specifically interested in the token standard's integration benefits, at small size. Everyone else should wait for a longer record or use a plain liquid staking token.

FAQ

What does Fragmetric do differently?
It normalises restaked token accounting so other Solana protocols can integrate positions without bespoke work, which improves the odds of restaked collateral being widely accepted.
How established is Fragmetric?
It launched in 2024 with a small deposit base and minimal secondary liquidity — a very short record for judging risk.
What does it charge?
Around 5–10% of rewards, in line with Solana restaking norms.
Is it audited?
Yes, with published audits and an active security review programme, and no incidents to date.