Friktion announced its partnership with Fireblocks to enable Institutional access for DeFi to the award-winning digital asset and crypto technology platform.

Partnership Highlights

Connects Fireblocks’ 1300+ institutional clients to Friktion Volts directly with the safety and convenience of the leading digital asset and crypto technology platform

Marks a first key milestone for Friktion Institutional, a new division focused on scaling their DeFi product offering to Treasuries, DAOs, and Asset managers

Friktion has amassed over 17,000 users and traded >$2.5 billion in volume across 25+ assets, with $40 million in Total Value Locked

Exploding institutional interest for DeFi

“Institutional appetite for DeFi continues to grow in popular blockchain ecosystems like Solana. Fireblocks’ DeFi suite offers alternative investors with the highest level of security when it comes to accessing Solana’s ecosystem of applications, with Friktion being one of the first Solana dApps.”

– Michael Shaulov, CEO of Fireblocks

The opportunities available in DeFi have made this multi-billion sector increasingly attractive to institutional investors, and leading institutions are taking meaningful steps into the ecosystem. From Goldman Sachs re-opening its cryptocurrency trading desk, Bridgewater Associates backing their first crypto fund to BlackRock launching spot bitcoin private trust for US clients.

Unlocking DeFi’s most powerful strategies — with scale and security

Friktion is now available to Institutions looking to access real yields in DeFi. Through their integration with Fireblocks.  They are making portfolio management accessible to thousands of Funds, Foundations, and businesses. Who require battle-tested security for their digital asset operations.

“Transparency, risk-adjusted returns, and security are paramount for institutions entering DeFi. Fireblocks provides a key piece of infrastructure to power Friktion Institutional, connecting the world’s leading institutions to real DeFi yields that perform across market cycles.

– Uddhav Marwaha, CEO of Friktion Labs

Why Fireblocks matters for institutional DeFi

Most institutions currently use browser-based apps, hardware wallets, or custom integrations to access DeFi protocols today. However, there are limitations to these methods such as:

• Exposed private keys: The current methods can present a variety of security pitfalls for trading firms, hedge funds & OTC desks
• Operational challenges: Utilizing a hardware wallet presents operational and governance problems for institutions
• No audit trail: Institutions require a centralized audit trail for accounting and compliance purposes

To mitigate these risks, Fireblocks offers solutions delivering the required enterprise-level security, efficiency, and scalability.

How Institutions can access Friktion with Fireblocks

Fireblocks’ WalletConnect v2.0 integration offers the most convenient and secure way for institutions to connect to the Friktion interface right from the Fireblocks console. Existing Fireblocks users are able to connect to Friktion in 5 easy steps: Check out the guide here!

About Friktion

Friktion is DeFi’s leading protocol for risk-managed yield strategies. Friktion 5 core products, Volts, are strategies for Institutions, DAOs, and Individuals looking to generate returns across market cycles. Institutions can access Covered calls, Cash-secured puts, Volatility harvesting, Basis yield, and Principal protected strategies on 25+ crypto assets.

The platform has amassed over 17,000 users and traded >$2.5 billion in volume, with $50 million in Total Value Locked.

Website ♦ Twitter

About Fireblocks

Fireblocks is an All-in-one platform for building your digital asset business. Powering thousands of organizations and securing trillions in digital assets/month.

Website ♦ Twitter

SOURCE

https://friktionlabs.medium.com/friktion-and-fireblocks-launch-institutional-defi-partnership-e70fd275ea56

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Ultimate announce the first three DeFi protocols that we’ve integrated into their app: Orca, Friktion, and LidoFinance. They are building on Solana but will soon be adding Ethereum to fulfil our multi-chain vision.

The integration of Lido Finance into the Ultimate wallet makes liquid staking easier than ever before, with users able to benefit from liquidity and multi-layer yield opportunities with the same ease as on centralized exchange while staying in full control of your coins.

Ultimate is a #DeFi super app becoming the universal consumer gateway to #Web3. A multi-chain, fully non-custodial wallet that makes investing into web3 truly mass-ready.

About Lido

Lido is a liquid staking solution for ETH 2.0 backed by a number of the industries leading blockchain staking providers. Lido allows users to stake any amount of ETH without the need to maintain complex infrastructure, while letting users unstake at any time through secondary markets.

Website | Twitter|

About Orca

Orca is the easiest way to exchange cryptocurrency on the Solana blockchain. There, you can exchange tokens with minimal transaction fees and lower latency than any DEX on Ethereum, all while knowing that you’re getting a fair price. Additionally, users may provide liquidity to a trading pool to earn a share of trading fees.

Website | Twitter|

About Ultimate

Building the future of Finance. Just as the internet revolutionized the way we transfer information, blockchain technology is revolutionizing the way we transact value.

Website | Twitter |

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Friktion is thrilled to announce its collaboration with Paradigm, the leading institutional options liquidity network for traders.

Friktion believes that sustainable yields in the long term come from the inherent risk properties of an asset, and they have come to Paradigm, crypto’s largest institutional liquidity network, to streamline execution, minimize price slippage and encourage competition from liquidity providers.

Using Paradigm will maximize the yields available on Friction’s products for their clients and facilitate market maker participation, given the similar interface to structured product auctions on other chains.

Uddhav Marwaha, CEO Friktion Labs

“Our partnership with Paradigm will further unlock efficient price discovery and execution for Friktion auctions while preserving the non-custodial DeFi guarantees we value. Bringing the largest CeFi options liquidity network to Solana is the first step in our plan to scale liquidity across venues for Friktion. We’re proud to be working with Anand and his team who have been building robust options infrastructure since the earliest days of the crypto options markets.”

Phase 1

In Phase 1 of this strategic partnership, Paradigm will power Friktion Volt#01 and #02: covered call and collateralized put option auctions, combining crypto’s largest institutional liquidity network and automated workflows to streamline and optimize the Volt auction processes.

Phase 2

In Phase 2, Paradigm and Friktion will further improve their collaboration to enhance liquidity and execution of its Volt#04: Basis Yield, which executes delta-neutral strategies to harvest perpetual funding rates. However, they view this as a substantial long-term opportunity as Friktion continues to innovate its product suite. Indeed, Paradigm and its network stand ready to be the single point of access for Friktion Volts to source their more complex liquidity needs.

Anand Gomes, CEO Paradigm

“We are excited to collaborate with the Friktion team as they continue to build out key DeFi primitives in the Solana ecosystem. Friktion has been at the cutting edge of innovation since their launch and we are delighted to help support their incredible pace of product innovation with our best in class liquidity and automated RFQ workflows.”

About Paradigm
Paradigm is an institutional liquidity network for crypto derivatives traders and protocols across CeFi and DeFi ecosystems. The firm’s mission is to create a platform where traders can trade anything with anyone and settle it anywhere.

Website ♦ Twitter

About Friktion
Friktion is Solana’s leading protocol for risk-managed yield strategies. Friktion’s core products, known as Volts, are building blocks of DeFi portfolios that can perform across market cycles.

Website ♦ Twitter

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Friktion brings high-quality risk management, volatility markets, and yield generation to DeFi, which has announced its integration with Investin, the first Decentralized Asset Management protocol live on the Solana blockchain.

Introduction to Investin

Investin is the first Decentralized Asset Management protocol live on the Solana blockchain that transforms aspiring traders into Fund Managers by providing them a trustless and non-custodial platform for active capital management. Moreover, it enables investors to earn passive returns on the capital invested in the funds while retaining the custody of their assets.

It enables anyone to invest or start hedge funds in a trustless and secure environment on leading blockchains.

Protocol Users

• Investors Explore Funds that suit their financial objectives to get the most out of their investments.

• Traders Transform into Fund Managers by proving your trading skills on-chain.

Overview of Friktion

To begin with, Friktion is DeFi’s fastest-growing option and portfolio management protocol. They are building a full-stack DeFi experience with risk-adjusted yield generation strategies (Volts) and infrastructure to support them.

Friktion introduces Volts and Circuits into the DeFi ecosystem, offering both active and passive portfolio management strategies.

• Volts – Are Friction’s native capital allocation strategies.
• Circuits – Provides on-demand portfolio management for DAO Treasuries, creating custom risk frameworks  Volts that provide volatility protection and returns in turbulent markets.

How DeFi option vaults generate returns and help fund managers to diversify their portfolios?

DeFi Option Vaults or DOVs, vaults in which investors/traders can simply stake their assets and deploy assets into options strategies.

What are covered calls?
A covered call is a strategy that involves holding the underlying asset and writing a call option on the same underlying to collect a premium over the call without the strike being hit, by selling covered call options, the profit comes from an increase in the price of the underlying index above the exercise price, but they bear the risk of a decline in the index price or the call option expiring in the money.

What are cash-secured puts?
Cash secured put is where you put up a quoted asset against an underlying asset. However, selling a secured put is anticipating an asset’s market value will stage above a certain price and collecting a premium from buyers.

Friktion Volts on Investin

For the first time, fund managers would be able to access state-of-the-art DeFi option vaults through this integration, opening a new realm for on-chain asset management.

Friktion tab on Investin

These vaults allow traders to express their outlook on markets eloquently and generate great returns for their investors, be it sideways, bear, or bull markets there is a vault to express it!

However, to access these juicy yields all Investin fund managers need to do would be to deposit into the choice of their Volt through the new tab “Friktion” on the trading terminal and wait for the epoch to start.

Composability has been always at the core of Investin and they cant wait to bring all of Solana DeFi into one place!

About Investin

Investin is a Decentralized Fund Management Protocol,  enabling anyone to invest or start funds in a trustless and secure environment on leading blockchains.

Website ♦ Twitter

About Friktion

Friktion is a DeFi portfolio management protocol on the Solana network, built to perform across market cycles. Earn sustainable yields powered by Friktion Volts!

Website ♦ Twitter

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