Dubai, United Arab Emirates, May 20th, 2025,
Chainwire
Synthetic dollar protocol Falcon Finance has announced that its
Pendle token PT-sUSDf has been listed on Morpho’s DeFi lending and
borrowing protocol. Its introduction allows users to supply sUSDf
as collateral while earning yield from Falcon.
Curated with the support of DeFi specialist Re7 Labs, PT-sUSDf
operates as a Pendle Principal Token (PT) that represents the
principal portion of the yield-bearing sUSDf. This enables it to be
used in DeFi protocols while still earning its holder yield on the
sUSDf staked in Falon’s synthetic dollar protocol.
Morpho’s decision to list PT-sUSDf extends the utility of sUSDf
while giving holders an opportunity to borrow against it. After
depositing PT-sUSDf into Morpho, users can elect to borrow USDC or
USDf. Should they elect to borrow USDf, they can restake the
stablecoin in Falcon to generate more sUSDf before repeating the
process to earn maximum yield.
Two vaults curated by Re7 Labs have been launched on Morpho with
a September 25 expiry date for USDC and USDf respectively. The user
simply chooses the desired vault based on the stablecoin they wish
to borrow. Borrowed USDC can be used for trading or to participate
in other DeFi activities, while borrowed USDf can be looped through
Falcon to increase total capital available for yield
generation.
The launch of PT-sUSDf on Morpho supports Falcon’s goal of
transforming its synthetic dollar into a multi-purpose stablecoin
with broad utility across the onchain landscape. Morpho has already
integrated USDf and sUSDf, allowing the stablecoins to be used as
collateral for borrowing against.
Currently running in closed beta, Falcon Finance’s synthetic
dollar protocol has a TVL of more than $411M and is providing an
APY on sUSDf of 9.9% at present. Its protocol is designed to
capture yield obtained from sources including basis spread, funding
rate, and advanced risk-adjusted strategies. This enables Falcon to
offer attractive returns to DeFi users while operating within a
secure, institutional-grade framework.
At present, Falcon’s closed beta is accessible by whitelisted
institutional participants and retail users with a full public
launch set to follow. The open release will enable verified users
to generate yield both on Falcon and on other DeFi protocols by
leveraging the growing number of use cases for USDf and its
yield-generating analog sUSDf.
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/
About Morpho
Morpho is a decentralized protocol enabling the
overcollateralized lending and borrowing of crypto assets on EVM
networks. Each Morpho market is isolated ensuring that risks are
contained within each individual market. This design ensures
predictable behavior and eliminates systemic risk for lenders and
borrowers. With more than $4B in TVL, Morpho is a leading DeFi
lending and borrowing protocol.
Learn more: https://app.morpho.org/
Contact
Managing
Partner
Andrei
Grachev
press@falcon.finance
