On February 7th, Fragmetric, a pioneering Solana re-staking protocol, successfully secured $7 million in a seed financing round. This funding was spearheaded by Finality Capital Partners and Hashed, with notable participation from institutions such as Hypersphere, Presto Labs, Bitscale Capital, and Halo Capital. Additionally, several angel investors within the Solana and re-staking communities have shown their support. The primary objective of Fragmetric is to optimize the distribution of Node Consensus Network (NCN) rewards across the Solana ecosystem, thereby enabling a more efficient utilization of Liquid Staking Tokens (LST). This endeavor seeks not only to enhance capital efficiency but also to bolster network security and foster greater decentralization within the platform.
Source: https://en.coinotag.com/breakingnews/solanas-fragmetric-raises-7-million-to-revolutionize-re-staking-and-enhance-network-security/