Friktion offers under-collateralized crypto lending for institutional clients

2022/11/06 09:42

According to TheBlock, Friktion, a Solana-based portfolio management platform, debuted a crypto lending product for institutional clients who are in the market for access to higher yields in the DeFi space.
The company said its crypto lending product will provide access to under-collateralized loans for borrowers. This type of loan does not require the borrower to put up collateral that is equal to or greater than the value of the loan. As such, it can be a capital-efficient form of borrowing.
Friktion’s crypto lending will offer enhanced lender protection, the company said. The lending product will comprise tranched pools ranging from junior tranches to senior tranches. Junior tranches will offer higher annualized yields of between 11% and 17% in return for covering senior lenders against loan defaults. Loan pools will also feature a diverse cast of borrowers to reduce counterparty risks. Lenders in the senior pool can earn annualized yields of between 8% and 10%.

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