TechFlow news — According to official announcements, Solana restaking protocol Fragmetric has announced the successful completion of a $7 million seed funding round co-led by Finality Capital Partners and Hashed. The round also saw participation from institutions including Hypersphere, Presto Labs, Bitscale Capital, Halo Capital, and Flowdesk, as well as support from several angel investors within the Solana and Restaking ecosystems.
Fragmetric plans to build the first liquid restaking hub within the Solana ecosystem. Leveraging Solana's token-extended transfer hook functionality, the protocol will enable precise distribution of Node Consensus Network (NCN) rewards. It aims to provide more efficient capital utilization for Solana LSTs (liquid staking tokens), while enhancing network security and decentralization.
