Cloud price

Fragmetric @fragmetric｜A protocol driving the path of re-staking on Solana Another truly native, practical, and transparent asset protocol is rising on Solana! It builds its Restaking pyramid step by step, relying on underlying technology, real yields, and community consensus! You may have heard of fragSOL, fragBTC, fragJTO, but it is far more than just an ordinary version of re-staking. Fragmetric is pushing Solana's high performance and asset efficiency to a new limit! The question is, how is it doing this? ▰▰▰▰▰ What is Fragmetric? Fragmetric is the first native liquidity re-staking protocol on Solana. Simply put, you deposit LSTs like $SOL, $BTC, $JTO, and they instantly transform into new assets like fragSOL, fragBTC, fragJTO. These assets not only continue to generate staking yields but also allow you to participate in multiple protocols with one click, earn F-Points, and receive airdrops. The core technology is its proposed FRAG-22 asset standard, which is even more aggressive than ERC-4626: ▪ Modular strategy extensibility Can integrate liquidity pools, lending, and structured strategies at any time. ▪ Unified standard for multi-asset deposits A single interface to handle multiple LSTs, finally matching Solana's high-speed performance with diversified asset management. ▪ On-chain instant reward distribution mechanism Every staking or operation can trigger reward settlement, transparent and verifiable. While other protocols are still working on Farming-as-a-Service, Fragmetric is already building Solana's asset allocation system! ▰▰▰▰▰ How to leverage fragSOL / fragJTO / fragBTC for maximum yield? You are not just staking assets; you are activating a multi-layered yield structure: ▪ Staking yields From the staking income of the original assets themselves. ▪ MEV capture fragSOL has integrated with Jito. ▪ Restaking rewards NCN/AVS partnership agreements (Switchboard, Ping) provide additional yields. ▪ F-Point rewards Daily rankings and interactions can accumulate points, leading directly to airdrops. ▪ DeFi protocol integration fragAssets can be used directly on Orca, Kamino, Loopscale, RateX, etc., for LP, lending, and structured operations. Moreover, they are preparing to open a cross-chain bridge for wfragSOL, which will allow Solana's re-staking assets to circulate off-chain, earning double yields! ▰▰▰▰▰ Recent Airdrop The airdrop page for the $FRAG token is now live: This round of airdrop is different from many projects; there are no vesting periods, no lock-ups? It's a one-time OG-style release! The airdrop covers the following groups: ▪ Users who have deposited into partner protocols. ▪ Participants of fragSOL, fragJTO, fragBTC. ▪ Early community active users (Discord, DRiP, TOPU NFT). ▪ Backpack wallet users receive additional point bonuses! A TOPU NFT can yield 750 $FRAG tokens, estimated at a previous average minting cost of 1.85 SOL, corresponding to a $FRAG cost of only ~$0.35, which is fantastic! ▰▰▰▰▰ Byreal Reset Launch: Understanding Fragmetric's Valuation Logic Fragmetric is the first project launched by @byreal_io, and Byreal's Reset Launch model is quite different: ▪ Smart price ladder mechanism, similar to a spot order book, allowing users to participate in minting at different price levels! ▪ Higher bidders receive larger allocations: encouraging sincere users to participate deeply, rejecting front-running arbitrage. Simply put, this is an on-chain IEO, but the project selection mechanism is similar to CEX selection. Fragmetric itself is a VC coin, having completed $12 million in financing and received official support from Solana. The FDV won't be cheap, but it also means clearer value anchoring! Referencing the same ecosystem's $CLOUD, which once surged to a $600M FDV, while Fragmetric's current TVL has exceeded $280 million, as the asset management foundation of Solana, this round is just the starting point! ▰▰▰▰▰ Why do I have long-term confidence in Fragmetric? I see Fragmetric as Solana's EigenLayer, for the following reasons: ▪ It truly achieves a mixed combination of Restaking. Multiple LSTs, multi-protocol access, MEV rewards, AVS network. ▪ The community has a protective network. The SANG (Solana Network Guard) community has formed a real network effect. ▪ The asset standard has inheritability. FRAG-22 can be ported to more DeFi applications, with future composability far exceeding that of a single LRT protocol. ▰▰▰▰▰ Summary Other protocols issue tokens to attract liquidity. Fragmetric issues tokens to return asset management rights to users!

"We're cooking with @solana & @jito_sol to deliver something exceptional on the L1." Interesting anon

Drift's immediate plan is to be the best decentralized derivatives platform. Built on @solana at the L1 level to harness the global atomic state machine. No rollups or isolated environments. The benefit is asset availability. Drift is the only cross-margin perps DEX and this is only possible because of the L1. Products built on the L1 are directly downstream of asset issuance. You can expect an L1 like Solana to dominate in this area in the coming years. To date, Drift has $1 billion in TVL across multiple types of collateral over SOL, BTC, ETH and a myriad of Solana tokens that can be natively supported (JITO, JUP, KMNO, DRIFT, CLOUD, etc). With the rollup debate and CLOB discussions taking place, we've conveniently forgotten composability. My belief is that in the long term, composability is king. CLOB Debate CLOBs are a means to an end; whilst there is a lot of merit to the discussion taking place, I would argue that HL's success is due to their liquidity model, rather than the choice of a CLOB. There's been a long history of dead CLOBs and I will happily bet against any newcomer that don't have clear or existing GTM. Most build some great piping that never get used. So unless your environment is exceptional, it is very difficult to convince users to bridge assets into an isolated environment. TLDR: Takers like CLOBs since it gives them the last look at the price. Makers hate on-chain CLOBs as they are ripe for the picking. Drift's Design Drift is fully on-chain today. No off-chain matching engine or any part of the stack off-chain. Hence, a slightly different design under the hood with a distributed limit orderbook (DLOB) alongside just-in-time liquidity (JIT). When you build on share blockspace on the L1, extractive activities can take place. Drift cannot re-order, prioritize or slow down specific transactions that take place on Solana. Trust me, we'd love to give makers priority cancels where we can - but we can't. This is why JIT was introduced. Unlike CLOBs, JIT allows the maker to have the last look at the price (just-in-time) before electing to fill them. It is a novel mechanism designed to protect makers. The disadvantage with this model is the inability to show resting liquidity - since there is no "resting" inventory. We have done our best to work with makers to provide indicative liquidity quotes but I understand that it isn't the same as seeing thick quotes on the orderbook. We are working on some big updates that will be released in a few weeks to continue improving resting liquidity. The Current Narrative We're cooking with @solana & @jito_sol to deliver something exceptional on the L1. Stay tuned for some big updates. The experience on Drift should have improved significantly today so if you haven't tried Drift for a while, give it a shot and let me know how it feels. If you experience remotely unacceptable slippage, DM me and I'll personally compensate you for it. h/t @SebMontgomery for asking the question in the first place!

$MNDE 👌

ethical. crypto. wins. SANCTUM