Chainlink CCIP introduced, marking the expansion of Fragment's solution across multiple blockchain networks
In a significant development for the DeFi landscape, Fragmetric, a liquid staking protocol based on Solana, has integrated with Chainlink's Cross-Chain Interoperability Protocol (CCIP). This integration has made Fragmetric's liquid staking token, wfragSOL, a Cross-Chain Token (CCT), opening up opportunities for wider use in decentralized finance (DeFi).
With this integration, wfragSOL can now be securely transferred between Arbitrum, Ethereum, and Solana. This cross-chain mobility expands the role of wfragSOL in DeFi and helps Fragmetric increase liquidity. Users of the FRAG-22 system, which includes Solana, Ethereum, and Arbitrum, have a clear view of their holdings and rewards.
The FRAG-22 system, combined with the FRAG-22 standard and multi-chain functionality, is building a system that drives liquidity, transparency, and flexibility at a global scale. The FRAG-22 standard supports multi-asset deposits, enabling more flexible staking strategies. The system also rewards precisely and records these rewards in real-time.
The integration with Chainlink CCIP makes wfragSOL more flexible than before, as it is no longer limited to the Solana chain. Solana's token extension technology continues to improve liquidity management in the FRAG-22 system. The modular performance generation model in the Fragmetric system allows for the design of more complex DeFi strategies.
The Fragmetric model fosters collaboration between Solana, Ethereum, and Arbitrum protocols, creating a key bridge for Solana stakers to access opportunities in the multi-chain world. wfragSOL could become a key bridge asset, bringing Solana staking economics closer to the rest of the DeFi world.
The launch of wfragSOL as a multi-chain token is a significant milestone for the Solana ecosystem, offering more options to stakers. wfragSOL can now be integrated into lending markets, liquidity pools, and other DeFi products on Ethereum and Arbitrum. The ability to move wfragSOL between chains expands its role in DeFi and helps Fragmetric increase liquidity.
Fragment started as the first native liquid staking protocol on Solana and has evolved into the FRAG-22 asset management standard, designed to improve efficiency, transparency, and composability in DeFi. The integration with Chainlink CCIP is a testament to Fragmetric's commitment to providing a seamless and secure user experience across multiple chains.
In conclusion, the integration of Fragmetric with Chainlink CCIP marks a significant step forward in the DeFi space, enabling users to leverage the benefits of liquid staking across multiple chains and fostering collaboration between different blockchain ecosystems.
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