Dubai, UAE, March 19th, 2025,
Chainwire
Synthetic dollar protocol Falcon Finance has announced that it
now supports more than 16 crypto assets as collateral. As a result,
users across a broad range of networks can deposit their preferred
digital asset and mint USDf, the protocol’s yield-bearing
stablecoin.
Falcon now supports a variety of stablecoins and non-stable
assets including USDC, USDT, FDUSD, BTC, and ETH. Recent assets
added to this list include MOV, POL, FET, COTI, BEAMX, and DEXE,
with plans to increase the range of accepted collateral as Falcon
expands access to its protocol.
Currently in closed beta, Falcon Finance has over $80M in TVL
driven by demand for its synthetic dollar that currently offers an
attractive yield of over 22%. After depositing their preferred
crypto asset, users can mint USDf and stake it to generate its
yield-bearing counterpart, sUSDf.
Through capturing onchain opportunities for yield including
basis spread, funding rate, and advanced risk-adjusted strategies,
Falcon is able to offer a superior return to comparable stablecoin
products. Designed for institutional participants as well as
verified retail users, Falcon is currently open to whitelisted
individuals.
The rapid growth in TVL, which has more than doubled in 30 days,
has been aided by a $10M allocation from DeXE Protocol, whose
governance token is one of the supported collateral assets. After
depositing their chosen collateral, users receive USDf deposited
into their wallet, whereupon they can stake it and begin earning a
return on their assets. USDf is also available for trading on
Uniswap, allowing anyone to access the synthetic dollar.
The closed beta has been used to grow TVL and demonstrate the
efficacy and security of Falcon’s protocol for stablecoin issuance.
Plans are now in hand to exit closed beta, giving all market
participants an opportunity to deposit stable or non-stable assets
and begin earning yield.
About Falcon Finance
Falcon Finance is a next-generation synthetic dollar protocol.
Preserving users’ multi-assets with industry competitive yields
across any market conditions, it sets a new standard in the
industry, along with transparency, security, and
institutional-grade risk management. Learn more: https://falcon.finance/
Contact
Managing
Partner
Andrei
Grachev
Falcon
Finance
Press@falcon.finance
