Cork is a common material, used by Rollei at times. One typical Rollei setup was a flat metal spring with a piece of thin phenolic-type plastic on top.
Two things are needed- a little 'spring' action and slipperiness. The hole in the wind lever is slightly off-center so that as the lever is sticking straight out away from the body there is a bit more thickness than when the lever is against the body. This is what the springiness is for- to be able to be slightly compressed as the lever is moved out and relax pressure as the lever reaches either end of its travel.
The slipperiness is to allow the lever to move.
There is no absolute must-use material. If the metal spring is in place, I've used the clear plastic used in packaging- polyethylene maybe? Slippery, long lasting. Cork is used because it has slight compressibility and is smooth (or quickly smooths out in use). Others here might have found other materials.