A DeFi Options Vault (DOV) protocol on Solana that pioneered structured products including covered call vaults, cash-secured put vaults, and principal-protected strategies. Friktion enabled passive yield generation through automated options selling and was the leading structured products platform on Solana. The protocol shut down in mid-2023 after operating through the bear market.
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A DeFi Options Vault (DOV) protocol on Solana that pioneered structured products including covered call vaults, cash-secured put vaults, and principal-protected strategies. Friktion enabled passive yield generation through automated options selling and was the leading structured products platform on Solana. The protocol shut down in mid-2023 after operating through the bear market.
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Friktion (friktion) Category: Solana Ecosystem Definition: A DeFi Options Vault (DOV) protocol on Solana that pioneered structured products including covered call vaults, cash-secured put vaults, and principal-protected strategies. Friktion enabled passive yield generation through automated options selling and was the leading structured products platform on Solana. The protocol shut down in mid-2023 after operating through the bear market. Aliases: Friktion Labs Related: DeFi (Decentralized Finance), Yield Farming, SOL
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Financial services built on blockchain smart contracts that operate without traditional intermediaries (banks, brokers). DeFi includes lending, borrowing, trading, insurance, and derivatives. Key properties: permissionless (anyone can participate), composable (protocols can be combined), transparent (open-source, auditable). Solana DeFi TVL has exceeded $5B, led by Jupiter, Raydium, Marinade, and Kamino.
The practice of deploying tokens across DeFi protocols to maximize returns through trading fees, lending interest, and token incentive rewards. Farmers often move capital between protocols chasing the highest APY. On Solana, common strategies include LP provision on Orca/Raydium, lending on Kamino/MarginFi, and staking LP tokens in reward farms.
The native token of the Solana blockchain, used for paying transaction fees, staking, and rent. 1 SOL equals 1 billion lamports. SOL has an inflationary supply schedule starting at 8% annually, decreasing by 15% per year, with a long-term floor of 1.5%. Transaction base fees (5,000 lamports) are partially burned.
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A Solana infrastructure company providing RPC nodes, webhooks, DAS API (Digital Asset Standard), and developer tools. Helius is one of the most widely used Solana RPC and indexing providers, offering enhanced APIs for compressed NFTs, transaction parsing, and real-time event streaming. The team also built the XRAY explorer and contributes to Solana developer tooling and documentation.
The original development company that created the Solana blockchain, co-founded by Anatoly Yakovenko and Raj Gokal in 2018. Solana Labs developed the initial validator client, designed Proof of History, and launched the network in March 2020. In 2024, the company spun off validator client development to Anza, shifting focus to ecosystem growth, incubation, and strategic initiatives.
The company behind Squads Protocol (multisig smart accounts) and Fuse wallet on Solana. Squads Labs builds smart account infrastructure enabling teams to manage on-chain treasuries, program upgrades, and protocol governance through multi-signature authorization. The Fuse wallet extends this technology to individual users with social recovery and programmable account security features.
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Financial services built on blockchain smart contracts that operate without traditional intermediaries (banks, brokers). DeFi includes lending, borrowing, trading, insurance, and derivatives. Key properties: permissionless (anyone can participate), composable (protocols can be combined), transparent (open-source, auditable). Solana DeFi TVL has exceeded $5B, led by Jupiter, Raydium, Marinade, and Kamino.
The practice of deploying tokens across DeFi protocols to maximize returns through trading fees, lending interest, and token incentive rewards. Farmers often move capital between protocols chasing the highest APY. On Solana, common strategies include LP provision on Orca/Raydium, lending on Kamino/MarginFi, and staking LP tokens in reward farms.
The native token of the Solana blockchain, used for paying transaction fees, staking, and rent. 1 SOL equals 1 billion lamports. SOL has an inflationary supply schedule starting at 8% annually, decreasing by 15% per year, with a long-term floor of 1.5%. Transaction base fees (5,000 lamports) are partially burned.
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The most popular Solana wallet, available as a browser extension and mobile app with multi-chain support (Solana, Ethereum, Polygon, Bitcoin). Phantom provides token swaps, NFT management, staking, and a built-in dApp browser. Known for its clean UX and rapid feature adoption, it has become the default entry point for most Solana users and consistently ranks among the top crypto wallets by active users.
A Solana-native wallet offering browser extension, mobile, and web interfaces with deep staking integration, hardware wallet support (Ledger), and a built-in dApp browser. Solflare was one of the first Solana wallets and provides advanced features like stake account management, token metadata display, and priority fee controls. It supports the Solana Wallet Standard for seamless dApp connectivity.
A multi-chain wallet developed by Coral (the team behind xNFT protocol) that combines MPC and self-custody models. Backpack pioneered executable NFTs (xNFTs) that embed full applications inside NFTs, enabling a decentralized app store experience within the wallet. It supports Solana, Ethereum, and other chains with a focus on developer extensibility and programmable wallet experiences.
A regulated cryptocurrency exchange built by the same team behind Backpack Wallet (Coral). Licensed in multiple jurisdictions, it offers spot and perpetual futures trading with a focus on the Solana ecosystem. Backpack Exchange integrates tightly with the Backpack Wallet for seamless fund transfers and aims to bridge the gap between centralized exchange liquidity and self-custodial wallet experiences.