Jito Unveils fragSOL: A Novel Liquid Staking Token on Solana
CryptoNewsTerminal Staff29 Aug, 2024
Jito Unveils fragSOL: A Novel Liquid Staking Token on Solana
Solana's Jito, a liquid staking protocol, has unveiled fragSOL, an SOL-based liquid restaking token. fragSOL leverages a fragmetric approach to distribute rewards from Jito's Node Comprehensive Network (NCN) accurately while managing multi-asset staking and slashing efficiently. This launch enhances the Solana ecosystem, providing users with greater flexibility and earning potential in their staking ventures.