Migrating from Friktion to Ribbon

Need a new home for your crypto after the sunsetting of Friktion Labs? For a limited time, we’re airdropping all ex-Friktion users who migrate to Ribbon by 17th February 2023! 

FAQs:

How to deposit from Friktion:

- From the $SOL vault: withdraw directly into Ribbon 

- From the $stSOL, $mSOL, or $scnSOL vaults: use https://www.unstake.it/ to swap your token for $SOL and deposit into Ribbon 

- Other vaults: convert that asset into $SOL and deposit into Ribbon

What vault qualifies? 

- Our $SOL Covered Call vault: https://app.ribbon.finance/v2/theta-vault/T-SOL-C 

When do I have to deposit by?

- 17th February 2023 at 11am UTC 

How long do I have to maintain my deposit for?

- A minimum of 1 month 

Who qualifies for this airdrop?

- All ex-Friktion users who successfully migrate to Ribbon

How much will be airdropped? 

- We are airdropping 100% of the fees earned over the last year on our $SOL Covered Call vault, totalling 550 $SOL

If you have other questions please send us a message on Discord.