ChainCatcher news, the on-chain structured product Ribbon Finance tweeted that it will airdrop all the fees earned by the SOL treasury last year to Friktion users who migrate to Ribbon Finance before February 17, and users must deposit funds into the SOL treasury for at least 1 month to be eligible.According to informed sources, the reason Friktion decided to shut down the user platform is due to disagreements and friction among the project founders on how to advance Friktion's product roadmap. However, both founders declined to comment on the internal conflict. Since January 25, 2023, all Volts settings on Friktion's user interface have been in withdrawal mode only, with no deposits allowed, and users are advised to retrieve their assets. (CoinDesk)

ChainCatcher news, the Solana-based options protocol Friktion officially announced that it has decided to shut down its user platform. As of January 25, 2023, all Volts settings on Friktion's user interface are in withdrawal mode only, and deposits are no longer possible. Users are advised to withdraw their assets.According to crypto data platform Roodata, the development team behind Friktion, Friktion Labs, announced the completion of a $5.5 million funding round in January 2022, with participation from Jump Capital and others. (source link)