(1/n) Super excited to announce Channel is joining the Friktion family to accelerate the next phase of its growth. Channel is focused on bringing a crucial piece of infrastructure to DeFi: a request-for-quote (RFQ) network. But first, an explanation of how we got here.
Any protocols or teams looking to integrate with Channel - this will better equip us to handle the inbound flow we've been receiving! Please drop us a DM and we'll make it happen. (3/3)
After finding their community just months ago, we've watched and built alongside one of the fastest growing DeFi teams. Their Taskforces are a hidden corner for alpha in the DeFi derivatives space if you're able to make it in 👀. (2/3)
usdc deposited in @TulipProtocol strategy vaults, deriving yield from @solendprotocol, deposit able into @friktion_labs, selling cash covered puts using @InertiaProtocol, auctioned on @ChannelRfq. Composability hits you fast 🤝
@SamSchetterer @norbertbodziony@ZetaMarkets @JuicedProtocol @ZetaMarket 👋🏽hi Sam - we're building an RFQ system similar to Airswap on ethereum and would love to connect :)
Outstanding questions:
- Should t start < 0? Ie should there be any backwards looking rewards for the Protocols and MMs who have participated? #SolanaAirdrop?
- Best platform to get effective feedback and token voting setup? @TribecaDAO @squads_dapp and @mangomarkets (7/8)
🎉 Hey #LUNAtics, @terra_money $UST is now supported on @friktion_labs , Solana’s largest portfolio and risk manager.
🚀 Start depositing into the first $LUNA cash secured puts on @Solana
👉 https://t.co/Xs4xRzu0Yz
#Terra $LUNA
🌊 Channel is excited to announce we've fully integrated @friktion_labs into our Request-for-Quote (RFQ) platform. We believe RFQ style on-demand liquidity is key for on-chain crypto options to scale and are excited to be a venue to enable this. Why?
Channel enables transactions to be highly competitive while minimizing counterparty risk and price slippage. As a non-Solana native team, the v1 design for @friktion_labs helped us bridge our low level knowledge of CeFi auction processes with Solana-unique powers and constraints.