🚀 Everstake & Fragmetric: A Staking Power Couple!

by

Everstake, the OG of decentralized staking, just announced they’re hooking up with Fragmetric, a liquid restaking protocol on Solana. This means stakers can now restake their assets while keeping liquidity, making staking more efficient and rewarding than ever before. 💰🚀

As Everstake becomes one of Fragmetric’s Aligned Node Operators, they’ll help validate transactions and secure Node Consensus Networks, ensuring fair distribution of rewards using token extensions on Solana. 🔒🌐

And get this, the integration of Fragmetric on Everstake’s staking infrastructure came just a day after Everstake achieved SOC 2 Type 1 Certification! This means Everstake has top-tier security and privacy standards for individual and institutional stakers. Phew, safe staking! 🛡️🔒

With the interest in staking services surging by 16%, the integration of Fragmetric protocol will ensure the continued growth in restaking services on Solana Blockchain. 📈🌐

So, how does Fragmetric Protocol allow restaking? It’s simple! Users deposit SOL or any Liquid Staking Tokens (LSTs) to receive an equivalent amount of $fragmetic asset (e.g., fragSOL). The deposited assets of users form a unified basket which Fragmetric allocates across various restaking protocols. Earnings from the delegated assets to partner validators are then distributed to the holders. 💸🚀

In short, this partnership is going to offer users a way to earn more rewards on their already staked assets by using Fragmetric’s protocol in Everstake’s already robust staking infrastructure. 🤑🌟

Read More

2025-02-04 09:38