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Cryptocurrency News Articles
Everstake and Fragmetric Join Forces to Bring Liquid Restaking to Solana
Feb 04, 2025 at 02:26 pm
Everstake, a prominent decentralized staking service provider, announced on Sunday its partnership with Fragmetric, a liquid restaking protocol on Solana.
Everstake, a prominent decentralized staking service provider, announced on Sunday its partnership with Fragmetric, a liquid restaking protocol on Solana. The partnership will allow more flexibility and rewards to stakers where they can restake their assets while keeping liquidity. This will ensure efficient capital utilisation for stakers while providing ways to earn high returns for stakers on their staked assets.
As Everstake becomes one of the Fragmetric Aligned Node Operators, it will help in validating transactions and securing Node Consensus Networks, thereby, ensuring fair distribution of rewards using token extensions on Solana.
It is also worth noting that this integration of Fragmetric on Everstake’s staking infrastructure came only a day after it achieved SOC 2 Type 1 Certification. The certification, issued by independent cybersecurity firm – Prescient Security – has verified the top-tier security and privacy standards for individual and institutional stakers staking via Everstake. Moreover, the AICPA System and Organization Controls (SOC) Type 1 Certification has also highlighted Everstake’s potential to fight the cybersecurity threats. The bull run markets generally see the surge in cybersecurity threats, giving stakers a relief of safety and security.
As the interest in staking services witnesses a surge in active validators by 16%, the integration of Fragmetric protocol will ensure the continued growth in restaking services on Solana Blockchain.
We’re thrilled to partner with @Fragmetric, a liquid restaking protocol on Solana that brings more flexibility and rewards to stakers.
🌊 With their innovative approach, users can seamlessly restake their assets while keeping liquidity, making staking more efficient than ever.… pic.twitter.com/lTbW4FzGoH
— Everstake (@everstake_pool) January 31, 2025
Everstake is now among the Fragmetric Aligned Node Operators (ANO). Together with other ANOs, Everstake will help Fragmetric in maintaining the Node Consensus Network and validating transactions on Solana.
The partnership will ensure the fair distribution of rewards using token extensions on Solana, which will enable stakers to earn more rewards on their already staked assets.
Highlighting the partnership, Everstake stated that Fragmetric’s liquid staking protocol will allow stakers to “Stake twice, Earn More.”
The partnership will allow users to stake an already staked asset (take any LST, say, jitoSOL) to secure an additional decentralized service. Its restaking process involves depositing, Normalised Token program followed by Rewards Distribution.
Thus, the partnership is poised to offer users a way to earn more rewards on their already staked assets by using Fragmetric’s protocol in Everstake’s already robust staking infrastructure.
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