Friktion Labs: Excited to announce a capital raise of $5.5 million
- Friktion Labs is excited to announce a capital raise of $5.5 million from Jump Crypto, DeFiance Capital, Pillar VC
- Brought on board a group of industry-leading derivatives traders and market makers in Genesis Trading
- Solana’s largest options and structured products protocol with over $100 million deposited across two strategies (Volts)
- This funding will be deployed into building Circuits, a novel liquidity and portfolio management system
- Circuits enable a new generation of risk-aware DAOs — responsible for maximizing long-term value
- Through Circuits, DAOs will be able to access curated portfolio construction and risk management
