TechFlow News — Ribbon Finance, a structured product protocol on-chain, has announced via tweet that it will airdrop to former Friktion users who migrated to Ribbon Finance before February 17 all fees earned by its SOL vaults over the past year. Users must have deposited funds into the SOL vault and maintained their position for at least one month to qualify.
According to sources, the reason behind Friktion’s decision to shut down its user platform stems from disagreements and friction between the project's founders regarding how to advance Friktion’s product roadmap. Both founders have declined to comment on the internal conflict. Since January 25, 2023, all Volts settings on Friktion’s user interface have been switched to withdrawal-only mode, with deposits disabled, and users are advised to withdraw their assets. Original link
