Friktion Welcomes Channel to its Team

Published on: 15.02.2022

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.