Friktion Welcomes Channel to its Team
Friktion is proud to welcome Channel to their team to accelerate the next stage of its development.
Friktion focus has always been to bring full-stack portfolio management into DeFi. Channel’s team comes from a multi-chain DeFi dev and HFT market-making background. Overcoming weeks they will be transitioning into the Friktion core team to scale risk-managed DeFi strategies.
What is Channel?
Channel is a leading RFQ (Request-for-Quote) venue enabling transparent, on-chain auctions for any asset using Serum. This connects high-fidelity Market Makers (MMs) with DeFi protocols looking to source deep liquidity during a concentrated time window.
For DeFi options to scale and deliver the best prices (across both DEX & CEXs), Friktion believes RFQs are critical. With exciting RMM (Primitive) / OMM (ZetaMarkets) solutions on the horizon, this strategic growth will enable Friktion to access a variety of settlement layers.
TLDR:
Friktion is investing significant resources to bring this team on board to develop Friction’s full-stack portfolio management product.
- parallelizing development
- onboarding DAOs and Institutions onto Friktion
⏩ SOURCE
