By prior work, it is known that any distributed graph algorithm that finds a maximal matching requires Ω(log * n) communication rounds, while it is possible to find a maximal fractional matching in O(1) rounds in bounded-degree graphs. However, all prior O(1)-round algorithms for maximal fractional matching use arbitrarily fine-grained fractional values. In particular, none of them is able to find a half-integral solution, using only values from {0, 1 2 , 1}. We show that the use of fine-grained fractional values is necessary, and moreover we give a complete characterization on exactly how small values are needed: if we consider maximal fractional matching in graphs of maximum degree ∆ = 2d, and any distributed graph algorithm with round complexity T (∆) that only depends on ∆ and is independent of n, we show that the algorithm has to use fractional values with a denominator at least 2 d . We give a new algorithm that shows that this is also sufficient.