So you want to invest in Friktion Volts, but you’re not sure how. I’ll show you step-by-step how to get funds in each Volt!
In this article:
First things first: Friktion is a product built on the Solana blockchain. Even tokens like BTC or ETH that are separate blockchains from Solana are wrapped versions of those assets ON the Solana blockchain. If you don’t have a Solana wallet yet and/or a little bit of SOL in your account, you’ll want to start there. All of these Volts will require SOL for transactions fees – it takes pennies to do a transaction on Solana (I love it).
Need to get Solana in your wallet? I recommend connecting your bank account to Coinbase and making your transfer there. I have done $100k’s in transactions on Coinbase and thoroughly enjoy it (click the link, and I’ll get a little BTC, and you’ll get a little BTC).
$10 in your Solana wallet will be plenty for transaction fees for a long, long time.
Once you have SOL in Coinbase, you can transfer it to the Phantom wallet you created.
SOL is the most straightforward transaction. SOL is the native token to the Solana blockchain. You can get SOL from Coinbase using the documentation above.
mSOL is SOL staked through Marinade. Marinade secures the SOL blockchain by funding validators. You can read more about Marinade in my other blog post. To get mSOL, you’ll want SOL in your wallet and then head over to marinade.finance and enter how much SOL you wish to stake in Marinade. If you did nothing else, you’d be getting the market value of SOL + the marinade APY (currently 6.67%, but it varies).
Take the mSOL token, and you are now ready to deposit it into Friktion mSOL Volt!
BTC is the wrapped Bitcoin on the Solana chain. The particular wrapped BTC is BTC (Sollet). There are many options for how to get BTC (Sollet). The Jupiter Aggregator is the best way to find the cheapest route for getting any token into BTC (Sollet). Choose your starting asset and the asset you want to end up with, and you can see the best price for doing so. For example, here’s the form prefilled to take SOL to BTC (Sollet). If I was happy with the transaction, I chose “SWAP,” and the Jupiter UI will bring you the rest of the way!
Suppose you want to move your native BTC to the Solana network. In that case, you’ll need to either find a wormhole that can handle the transfer or my preference is always to send the asset back to an exchange like Coinbase and use it to transfer my BTC to SOL, then follow the steps at the top of this article for sending SOL to your Phantom wallet.
RAY – the token powering Raydium is super easy to get. Just head over to Raydium’s website and swap between your two desired assets.
One thing to note is Jupiter Aggregator found a cheaper route to get Raydium which ended up with a more RAY for my SOL. I imagine they’re doing this through pricing arbitrage since the most optimal path sent it through mSOL first.
Do you remember from earlier that Friktion is on the Solana network? That means that ETH is Wrapped Ethereum (Sollet). You’ll see this as soETH in the exchanges. Jupiter comes in clutch on this swap as well. Choose an asset and make your receivable asset soETH to determine the most optimal path. When you are satisfied, choose “SWAP”.
If you have native Ethereum you want to bring to the Solana network, I have had success with Wormhole to move the assets. Additionally, you can send your ETH back to Coinbase, swap the asset to SOL there, then move it to your Phantom wallet.
You may be interested in depositing some coin in this huge APY Volt. FTT is the coin that powers the FTX exchange and is native to the Ethereum network. soFTT is the Wrapped FTT (Sollet) token you’re looking for to participate in Friktion. Jupiter shows paths for swapping into FTT; you need to pick soFTT as the coin you receive.
If you want to move native FTT tokens, trade those bad boys on the FTX exchange for SOL and then send them to your phantom wallet to wrap them from SOL back to soFTT. Since FTT isn’t available in the US, I can’t provide you screenshots of that process :/
Hi, my name is Braden, and I want some sick returns from SBR on Friktion. Saber is a cross-chain liquidity network on the Solana blockchain, which means you can swap directly to that token. Jupiter can provide the cheapest way to do it.
Terra is a blockchain for stable coins and issues the LUNA governance and mining token. You’ll need to go through a bridge to get Terra on the Solana network. I have successfully moved ETH with Wormhole, and they seem to support Terra.
Alternatively, check out Jupiter’s recommended path if you want to swap a coin for LUNA. They’ll show you the most affordable route to acquire the LUNA (Wormhole) token.
Socean staked SOL acts a lot like Marinade.finance if you’re familiar with that platform. You’ll start with native SOL and then stake it with Socean. Staking SOL on Socean will give you scnSOL; you then add it to the scnSOL Volt.
SRM is the token that powers the Serum DEX. It’s native to the Solana blockchain, and you can get a hold of this token fairly easily. Jupiter will show you the best way to swap for SRM from any underlying asset.
All the cash-secured puts have USDC as their quoted asset. You’ll never touch the underlying asset in a cash secure put, so don’t worry about them other than deciding which put to back with your USDC funds. To get your hands on some USDC coins, use the Jupiter Aggregator to find the cheapest path.
My token isn’t listed in this blog…
Did Friktion release a new Volt that has an asset not listed here? It happens almost daily at the rate Friktion is moving. Let me show you how to find the underlying token you need to trade. It’s pretty simple.
1. Click the Volt you want to invest in
2. The “Underlying Asset” is a link. Usually, the text (i.e., Bitcoin (Sollet)) should be enough to determine what version of the asset to look for on Jupiter. But if you want to be sure, click the link.
3. Copy the Token Address to your clipboard