Friktions – Coin Network News https://coinnetworknews.com If it's coin, it's news. Mon, 30 Jan 2023 20:25:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 Solana-Based DeFi Project Friktion’s Shutdown Said to Stem Partly From Founder Disagreement https://coinnetworknews.com/solana-based-defi-project-friktions-shutdown-said-to-stem-partly-from-founder-disagreement/ https://coinnetworknews.com/solana-based-defi-project-friktions-shutdown-said-to-stem-partly-from-founder-disagreement/#respond Mon, 30 Jan 2023 20:25:56 +0000 https://coinnetworknews.com/solana-based-defi-project-friktions-shutdown-said-to-stem-partly-from-founder-disagreement/

Friktion Labs, a crypto startup that builds high-yielding structured products for decentralized finance (DeFi) traders on the Solana blockchain, said late Thursday that it was shutting down its user platform, citing the challenging “economics” of the current market climate.

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