Apparently there were rumors and misinformation today on "FriendTech imploding" and that CL and Manifold were involved.
This is clearly false and completely impossible.
On the trading side, our accounts' FT portfolios combine for <1% of FT TVL as well as our AUM - not sure how this could ever cause an "implosion" or destabilization of FT.
We would also never want this to happen because we have a lot of points on FT, and success of FT would be great for us. In fact, we'll continue to be active on the chat and farm points if the trade makes sense.
We're also not looking to back any FT forks, and have not deposited into any.
We do have a thesis on the trust/credibility layer of SocialFi and are looking to back promising plays in that area for the venture portfolio!