Jito Unveils fragSOL: A Novel Liquid Staking Token on Solana

IconCryptoNewsTerminal Staff29 Aug, 2024

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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.