FragmetricMicro-cap

Fragmetric receives a C+ risk grade (41/100) from Hindenrank, where lower scores indicate lower risk. 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.

The key risks identified for Fragmetric are: (1) 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. (2) Your restaked SOL backs multiple NCNs simultaneously. If multiple NCNs fail at the same time, your losses could be significantly higher. (3) Solana's restaking ecosystem is newer and less mature than Ethereum's with less precedent for handling failures. (4) The FRAG token has declined 33% recently, suggesting speculative dynamics.

Fragmetric scores 41/100 across eight risk dimensions: Mechanism Novelty: 6/15, Interaction Severity: 8/20, Oracle Surface: 5/10, Documentation Gaps: 4/10, Track Record: 6/15, Scale Exposure: 3/10, Regulatory Risk: 2/10, Vitality Risk: 7/10. The highest risk area is Vitality Risk at 7/10.

Among 23 rated Restaking protocols on Hindenrank, Fragmetric ranks #15 by safety (lowest risk score = safest). Its 41/100 risk score and C+ grade place it in the middle tier of Restaking protocols.

Fragmetric scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.