We're extremely excited to announce that Fragmetric Labs and DeFi Development Corp. (NASDAQ:DFDV) will launch the first Solana Digital Asset Treasury in Korea through the acquisition of a Korean publicly-listed company.
Update on fragBTC withdrawals
The recent delay in fragBTC withdrawals occurred during Solv Protocol’s upgrade process and has now been fully resolved. This has now been fully resolved, and all pending fragBTC withdrawals have been completed.
Given the current yield profile and withdrawal UX limitations, we have decided to wind down fragBTC soon.
We will share more details on the wind-down process shortly. Thank you for your patience and understanding.
Weekly Buyback #25
518,608 $FRAG was purchased on the open market and transferred to the FRAG Treasury Wallet.
Buybacks were funded using 100% of the protocol fees generated during the period.
Weekly Buyback #23
573,777 $FRAG was purchased on the open market and transferred to the FRAG Treasury Wallet.
Buybacks were funded using 100% of the protocol fees generated during the period.
Weekly Buyback #21
589,202 $FRAG was purchased on the open market and transferred to the FRAG Treasury Wallet.
Cumulative buybacks now represent 8% of circulating supply.
Weekly Buyback #20
411,069 $FRAG was purchased on the open market and transferred to the FRAG Treasury Wallet.
Backed by 100% of protocol fees during the period.
Weekly Buyback #19
456,256 $FRAG was purchased on the open market and transferred to the FRAG Treasury Wallet.
Backed by 100% of protocol fees during the period.
Restaking matters most when it secures real services.
@blocksizecap RPC-NCN turns Solana RPC into verifiable infrastructure through Proof-of-Latency, Proof-of-Correctness, and economic security powered by Jito (Re)staking.
Glad to support the vision!
From “trust me bro” RPCs to verifiable RPC powered by restaking. @fragmetric is always open to support builders shipping NCNs on Jito (Re)staking.
Cheers @blocksizecap
https://t.co/P5MV9xhCQh
Weekly Buyback #17
655,307 $FRAG was purchased on the open market and transferred to the FRAG Treasury Wallet.
Backed by 100% of protocol fees during the period.
Weekly Buyback #16
550,709 $FRAG was purchased on the open market and transferred to the FRAG Treasury Wallet.
Backed by 100% of protocol fees during the period.
Weekly Buyback #15
764,357 $FRAG was purchased on the open market and transferred to the FRAG Treasury Wallet.
Backed by 100% of protocol fees during the period.
Weekly Buyback #14
776,529 $FRAG was purchased on the open market and transferred to the FRAG Treasury Wallet.
Backed by 100% of protocol fees during the period.
1/ Solana Breakout Speaker Spotlight (Day 1) 📣
👉 Sang Kim, Co-Founder of @fragmetric 👈
@sangdotsol will explain how restaking on $SOL could power the next wave of DeFi.
We will cover fragSOL, boosting cap efficiency, & where it all fits in the ecosystem.
Register in 🧵!
January Buybacks Update:
• 4,674,110 $FRAG accumulated
• Cumulative buybacks represent 1.65% of the circulating supply
Buybacks were funded using 100% of the protocol fees generated during the period.
Weekly Buyback #12
1,118,058 $FRAG was purchased at an average price of $0.0021 and transferred to the FRAG Treasury Wallet.
Backed by 100% of protocol fees during the period.
Weekly Buyback #11
996,339 $FRAG was purchased at an average price of $0.0025 and transferred to the FRAG Treasury Wallet.
Backed by 100% of protocol fees during the period.
A new fragBTC maturity are now live on @ExponentFinance.
Users from the previous maturity can migrate to the new one to continue earning BTC denominated yield.
https://t.co/JsAOIbbx1D
Weekly Buyback #10
930,660 $FRAG was purchased at an average price of $0.0022 and transferred to the FRAG Treasury Wallet.
Backed by 100% of protocol fees during the period.