Is Fragmetric Safe?
Risk Grade: C+ (41/100)
Fragmetric is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Elevated risk — novel token standard and nascent Solana restaking ecosystem create untested dynamics, partially offset by first-mover advantage.
Fragmetric is Solana's first native liquid restaking protocol with $21M TVL, using the novel FRAG-22 token standard for fragSOL and fragJTO tokens earning yield from Node Consensus Networks (NCNs). Its C+ grade reflects the untested token standard, leverage-like multi-NCN exposure, early-stage Solana restaking ecosystem, and recent FRAG token price decline.
TVL
$15M
Mechanisms
5
Interactions
4
Value Grade
D-
Key Risks for Fragmetric Users
Fragmetric uses FRAG-22, a new token standard on Solana. Edge cases in how it interacts with other DeFi protocols could lead to unexpected issues.
Your restaked SOL backs multiple NCNs simultaneously. If multiple NCNs fail at the same time, your losses could be significantly higher.
Solana's restaking ecosystem is newer and less mature than Ethereum's with less precedent for handling failures.
The FRAG token has declined 33% recently, suggesting speculative dynamics.
Top Risk Factors
- •FRAG-22 token standard is a novel Solana primitive for liquid restaking that has not been battle-tested through market stress.
- •fragSOL and fragJTO earn yield from multiple NCNs simultaneously, creating leverage-like slashing risk.
- •Solana's liquid restaking ecosystem is nascent with less established security infrastructure.
- •FRAG token -33% price decline over 90 days indicates speculative dynamics.
Risk Score Breakdown
Fragmetric's highest risk area is Vitality Risk (7/10). Here's how each dimension contributes to the overall 41/100 score:
Read the Full Fragmetric Risk Report
This protocol has 2 collapse scenarios. 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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