PANews reported on June 25 that Solana's ecological re-staking protocol Fragmetric officially announced the launch of the FRAG token and the establishment of the Fragmetric Foundation, aiming to accelerate the development of Solana's ecological decentralization and liquidity re-staking platform. The FRAG-22 standard has achieved seamless access to Jito (Re)staking for a variety of LST assets, and has reached exclusive cooperation with node consensus networks such as Switchboard and Ping Network. FRAG tokens will empower community governance, and the first round of airdrops will account for 10% of the total, covering early users, cooperative DeFi protocol participants and community members.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more