According to ChainCatcher, the Solana on-chain options protocol Friktion officially announced that it has decided to shut down the user platform. From January 25, 2023, all Volts settings on Friktion's user interface will only have withdrawal mode, and deposits will not be possible. Users are advised to withdraw their assets.

According to the encrypted data platform Roodata, Friktion Labs, the development team behind Friktion, announced in January 2022 that it had completed a $5.5 million financing round, with Jump Capital and others participating. (Source link)