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Woofun AI reports that Fragmetric, the Solana-based liquid restaking protocol behind the FRAG token, has confirmed its core operations remain fully functional despite the recent suspension of its points program. The team explicitly stated that critical protocol functions, including the ongoing FRAG buyback, are proceeding independently of the halted incentive scheme. This clarification addresses significant community backlash triggered by the abrupt program halt and reported delays in fragBTC withdrawals.
Structurally, the withdrawal bottlenecks originate outside Fragmetric's own infrastructure. The delays result from the fragBTC termination process, which requires Solv Protocol to handle redemptions via its zBTC token. This external dependency has extended the timeline beyond initial expectations, creating friction for users awaiting access to their assets.
Per Woofun AI, the Fragmetric team is actively collaborating with Solv to support and expedite the remaining withdrawal requests. While the technical execution relies on Solv's processing speed, Fragmetric has committed to maintaining this partnership to resolve the backlog. The team acknowledged the community's frustration regarding what many described as an irresponsible initial response to the suspension.
Fragmetric issued a direct apology for the confusion caused by their previous announcement, emphasizing the importance of clear communication moving forward. For current FRAG holders, the operational continuity of the buyback program serves as a stabilizing factor within the protocol's tokenomics. Conversely, fragBTC holders must remain dependent on Solv Protocol's processing timeline for final resolution.
The coordinated effort between Fragmetric and Solv indicates that while delays persist, a structured path to resolution exists. This incident highlights the operational risks inherent in cross-protocol dependencies within the Solana ecosystem. The situation marks a critical test of governance responsiveness during periods of technical friction.