Friktion Labs builds Friktion, Solana’s largest portfolio and risk manager, designed for individuals, DAOs, and institutional asset managers to generate returns across market cycles. Its core stack includes Volts, the native return-generation strategies, and Inductors, the balancers and optimizers of Current, which together power Circuits, a novel liquidity and portfolio management system. The company intends to use the new funding to build Circuits to drive long-term capital inflows and return generation for DAOs and enable risk-aware DAO capital management. Friktion will also launch a Taskforce grants program (Research Collaborators, Quant Research & Analytics, and User Research), run bug bounties, and create an Ecosystem Fund focused on development. The team is composed of quantitative traders, researchers, and crypto engineers with backgrounds in commodities, treasuries, volatility products, and crypto-assets and has added derivatives traders and market makers from Genesis Trading, Alameda Research, LedgerPrime, QCP Capital, CMS Holdings, Orthogonal Trading, and GSR. Three weeks into Mainnet launch, Friktion had over $100 million deposited across two Volts strategies supporting 11 top crypto assets.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2022