Is Friktion safe to use?

Friktion implements security measures. Always do your own research before using any financial service.

This service has been discontinued • Closed January 2023

DeFi Apps Seed

Friktion

Q: What are the main features of Friktion?

Five automated Volt yield strategy types, Covered call income generation on crypto, Cash-secured put stablecoin yield vaults, Crab strategy range-bound volatility harvesting, Delta-neutral basis yield on stablecoins

Q: What are the pros of using Friktion?

Institutional-grade automated options strategies, Five distinct risk-adjusted Volts, Comprehensive DAO treasury tooling, Open-source SDK and frontend

Q: What are the cons of Friktion?

Platform permanently sunset January 2023, Solana-only single chain limitation, No native governance token launched

Institutional-Grade Structured DeFi Portfolio Management Across Market Cycles

Available in 7 countries Last verified: Mar 2026

Why It Closed

Costs outpaced revenue during post-FTX crypto downturn; founder disagreements on product roadmap led to joint decision to sunset the platform.

Founded

2021

Total Funding

$5.5M

Employees

11-50

🏢 Company Overview

Headquarters

Austin, United States

CEO

Uddhav Marwaha

Founder

Uddhav Marwaha, Alex Wlezien

Funding Stage

Seed

Total Funding

$5.5M

Pricing

Paid

ℹ️ About Friktion

Friktion was a Solana-based DeFi portfolio management platform offering structured yield strategies through automated options vaults called Volts for individuals, DAOs, and institutions.