Friktion, the Solana ecological portfolio management platform, will close the user platform and only have a withdrawal mode

Friktion, the Solana ecological portfolio management platform, decided to close the user platform. From January 25, 2023, all Volts settings on Friktion's user interface have only been withdrawn, and deposits cannot be made. Users are advised to withdraw their assets. Thereafter no fees will be incurred on the Friktion platform and the UI will no longer allow deposits, during which time the protocol will continue to function as designed and users can verify on-chain. Foresight News previously reported that Friktion completed a financing of US$5.5 million in January 2022, with participation from Jump Capital and Solana Capital.