Switchboard Launches (Re)staking on Jito with Fragmetric Vaults

Switchboard became the first external Jito Node Consensus Network (NCN) on Solana and is now launching (Re)staking together with Fragmetric, our exclusive restaking VRT provider. This partnership enhances the security, efficiency, and decentralisation of Switchboard data feeds.

Let’s dive deeper into restaking mechanism and the value of Switchboard’s Jito NCN, the first on Solana, alongside Fragmetric’s contributions, for our community.

What do we achieve with Jito x Fragmetric restaking?

Switchboard is launching the external first Jito Node Consensus Network (NCN) on the Solana mainnet, empowering users to enhance network security and reliability. The mainnet beta will be available in the coming weeks.

What Are NCNs?

Protocols known as Node Consensus Networks (NCNs) employ a distributed group of nodes to validate and confirm data. These nodes work together, following a consensus mechanism, to agree on the state of something. This ‘something’ could be transactions, data, actions, or orders etc. To put it simply, an NCN is any decentralised system that depends on node operators for security and reaching consensus on the network’s state. NCNs include blockchains, bridges, coprocessors, interoperability solutions, applications, solver networks, and oracles. Switchboard, as an oracle network, already operates as an NCN, connecting dApps to real-world data.

Why Is This Significant?

Jito (Re)staking is significant because it makes building secure blockchain applications on Solana much easier and cheaper. Instead of needing to attract their own validators, new projects can “borrow” security from existing staked assets. This shared security model, supporting any SPL token, lowers the barrier to entry for innovation, boosts token utility and fosters a more competitive ecosystem. More than $200 million has been deposited, proving just how strong the demand is for this approach.

What Makes Staking Flexible & Secure?

Users have full control over their restaked assets, choosing from various vaults with differing risk profiles, yields, and slashing penalties. They can stake any amount across multiple vaults, aligning with their individual risk tolerance and goals. Jito’s NCN system, built on audited smart contracts, allows for noncustodial delegation and ensures that users retain control of their funds, preventing unauthorised withdrawals by vault managers. The underlying Jito NCN vault program(s) have been audited by Certora, OtterSec and Offside Labs, reducing the risk of vulnerabilities. Fragmetric has been audited by Certora and Quantstamp.

What are the benefits for Solana ecosystem?

By integrating with Jito’s (Re)staking platform via Fragmetric vaults, Switchboard is creating a decentralised and economically driven way to secure its oracle services while improving their reliability. (Re)staking incentivises node operators, minimising downtime and ensuring high data accuracy for Solana applications that depend on real-time information. By operating its own NCN, Switchboard brings key advantages to its oracle network:

• Increased Reliability. Oracle data becomes more consistently available, accurate, and resistant to disruptions.
• Better Performance. Solana applications benefit from faster and more efficient oracle data processing.
• Aligned Incentives. Node operators receive fair rewards, promoting long-term sustainability and active participation.
• Enhanced Liquidity. Improved asset composability and new (Re)staking opportunities.
• Stronger Security. Shared security through restaking makes Switchboard’s oracle network, and by extension the applications that rely on it, more resilient to failures and attacks. Restaking unlocks significant staked capital on Solana, reducing the economic cost of security and strengthening decentralisation.

Ultimately, Switchboard’s use of restaking contributes to a more robust, secure, and reliable oracle infrastructure, benefiting the entire Solana ecosystem.

How does (Re)staking on Jito work?

Jito enhances Solana’s security and capital efficiency through both liquid staking and (re)staking. Initially, users can stake their SOL to receive JitoSOL, a liquid staking token (LST) that represents staked SOL and accrues staking rewards. This allows users to participate in Solana’s DeFi ecosystem, for instance, by borrowing against their JitoSOL, while still earning staking yields.

Jito’s (Re)staking builds upon this. It allows JitoSOL, and other assets, to be staked again to secure various parts of the Solana ecosystem — infrastructure, middleware, applications, and even the base layer itself. This “shared security” model significantly boosts overall network security and provides additional rewards for stakers, a benefit reflected in the over $200 million in deposits attracted to Jito’s restaking platform since its launch. This rapid adoption underscores its contribution to transforming blockchain security.

Designed with modularity in mind, Jito’s restaking system offers projects considerable flexibility. They can integrate staking into their own systems, defining their own staking rules, security protocols, and financial incentives. Staked assets are represented as Vault Receipt Tokens, maintaining their liquidity. This makes Jito a powerful tool for Node Consensus Networks seeking to create secure and decentralised networks.

What is Fragmetric’s Role in Restaking?

Fragmetric is Solana’s first native liquid restaking protocol. It enables users to restake SOL, various liquid staking tokens (LSTs) like JitoSOL, bSOL, and bbSOL, and even other SPL tokens. By restaking these assets through Fragmetric, users earn additional rewards on top of their existing staking and MEV yields.

As a Vault Receipt Token (VRT) provider, Fragmetric strategically allocates deposited assets across restaking platforms, including Jito. Automated, on-chain processes guide these allocations, optimising returns in real-time.

Furthermore, Fragmetric uses token extensions to automatically track fragSOL balance changes in users’ wallets. This simplifies the calculation and distribution of rewards from Node Consensus Networks (NCNs).

In essence, fragSOL holders not only contribute to the decentralisation of Switchboard’s oracle network but also receive extra restaking rewards from Switchboard, enhancing their overall returns.

How to restake?

Restaking strengthens network security while providing early access to future incentives. There are 2 ways to engage with Switchboard NCN restaking: via Jito and via Fragmetric.

Restake on Jito

1. Visit the Jito website and connect your preferred Solana wallet.
2. Choose a vault that fits your strategy and risk profile, or select an asset first and find a matching vault*.
3. Enter the amount you want to deposit, review the details, and confirm your deposit.
4. After depositing, you’ll receive VRTs (vault receipt tokens), which can be used across DeFi while earning rewards.

Restake on Fragmetric

1. Visit the Fragmetric website and connect your Solana wallet.
2. Click on “Restake” in the top left corner, then select one of the two assets: fragSOL or fragJTO.
3. After selecting your assets, pick the token you want to deposit.
4. Enter the amount you want to deposit, press Restake, and wait for the wallet popup to confirm the transaction.
5. Once confirmed, wait for the transaction to finish, then check it on the explorer via the transaction confirmation popup.
6. Fragmetric optimises returns by allocating assets across restaking platforms like Jito, using automated on-chain processes and token extensions to track fragSOL balances for seamless reward calculation.
7. Users who restake tokens on supported Switchboard vaults, initially the Fragmetric FragSOL vault (supporting a number of LSTs), can earn locked, non-transferrable SWTCH tokens as rewards.

Risk Disclaimer: The following information is provided for informational purposes only and does not constitute an offer or solicitation to purchase or sell any securities, tokens, or any sort of investment product in any jurisdiction. Staking is subject to significant risks including but not limited to Slashing Penalties, Smart Contract risk, and other risks that may result in partial or total loss of funds. Learn more about Jito Restaking Vaults & VRTs -

**https://www.jito.network/restaking/learn/ and the risks involved. Learn more about Fragmetric — https://docs.fragmetric.xyz/faq/**