Latest news with #FalconFinance
Business Insider
4 days ago
- Business
- Business Insider
Falcon Finance Tops $600M in USDf Supply as DeFi Demand Surges
Dubai, UAE, July 17th, 2025, Chainwire Synthetic dollar protocol Falcon Finance has announced that the total supply of its USDf synthetic dollar has surpassed $600M. The latest milestone, achieved just five weeks after crossing $500M, highlights the protocol's rapid growth and the increasing demand for its yield-generating asset that is being widely integrated into DeFi protocols. The total supply of the dollar-pegged USDf has been rising steadily for months and now stands at $648M, with a TVL of $685M, which represents the total value of crypto assets that have been deposited by its users. These assets are backed by a 115% overcollateralization rate that is fully verifiable through daily reserve attestations. Demand for USDf has been fueled by strong uptake of the Falcon Miles points program, complemented by enhanced transparency measures, such as daily proof-of-reserve attestations and the establishment of quarterly ISAE 3000 assurance reviews by Harris & Trotter LLP. The recent launch of the first onchain mint using tokenized U.S. Treasuries via Superstate's USTB has bridged real-world assets with DeFi liquidity, while a partnership with BitGo provides secure institutional custody and paves the way for fiat ramps and staking integrations. In addition, Falcon has expanded its cross-chain presence to XRPL EVM via Axelar and BNB Chain, boosting capital efficiency across the multi-chain landscape. Opportunities to utilize USDf have grown with integrations across DeFi protocols, including a USDf spot market on WOO X and Pendle tokens like PT-sUSDf on Morpho's lending and borrowing platform, allowing users to supply sUSDf as collateral while earning yield. After depositing stablecoins or crypto assets, including BTC and ETH, Falcon users can mint USDf, which serves as an overcollateralized stablecoin. Users who then elect to stake their USDf can mint a corresponding amount of sUSDf, the yield-generating version of Falcon's dual-token stablecoin. The yield available on sUSDf is variable but currently stands at an APY of 10.8%. It's designed to remain competitive through diversified sources, including funding rate arbitrage, cross-exchange strategies, and now tokenized real-world assets. Unlike other synthetic dollar protocols that rely solely on positive funding rate arbitrage, the yield distributed to USDf stakers is derived from multiple sources. This ensures a consistent yield regardless of market conditions. As part of its long-term user growth strategy, Falcon has expanded its Falcon Miles ecosystem-wide points program and is now rewarding activity across minting, staking, LPing, and referrals with up to 60x multipliers. The program includes retroactive drops and has extended to additional onchain integrations with the likes of Pendle, Euler, Morpho, Napier, and Spectra as the Falcon ecosystem evolves. With more chain integrations, additional vaults, and further expansions to Falcon Miles underway, Falcon Finance is rapidly advancing its goal of making USDf a cornerstone of the DeFi landscape. Contact Managing Partner
Business Insider
18-06-2025
- Business
- Business Insider
Falcon Finance Launches Pilot Season of Falcon Miles Points Program to Reward Ecosystem Participants
Dubai, UAE, June 18th, 2025, Chainwire Synthetic dollar protocol Falcon Finance has announced the Pilot Season of Falcon Miles, a rewards program designed to incentivize and recognize participants within the Falcon ecosystem. The initiative rewards users for core activities such as staking and minting tokens. The Falcon Miles Pilot Season marks the first chapter of a program designed to evolve with its community. Participants earn Miles based on their activities within the Falcon app, with every $1 of value generating 1 Mile and capable of being amplified by action-specific multipliers. For example: Minting $10,000 of USDf via Classic Mint with non-stablecoins at an 8x multiplier yields 80,000 Miles Holding $10,000 of USDf in a wallet for one day at a 6x multiplier earns 60,000 Miles Miles are calculated and displayed daily, reflecting the previous day's activity. Users can mint USDf through Falcon's Classic or Innovative Mint, or alternatively purchase the token on DEXs or centralized exchanges like Bitfinex and WOO X. Additional rewards are available for staking USDf for sUSDf, restaking for Boosted Yield, or trading on Uniswap v3. Falcon Miles are designed to incentivize participants who have contributed to the growth of the Falcon protocol. The program retroactively rewards liquidity providers who have seeded pools from day one, recognizing their critical role in supporting USDf adoption. USDf is live on major Ethereum DEXes, including Uniswap v3, Curve, Balancer, PancakeSwap, and Bunni, and accessible via aggregators like CoW Swap, 1inch, and KyberSwap. Trading volume on Uniswap v3 is also eligible for daily Miles, further deepening liquidity. To maximize uptake, Falcon's referral program is designed to support community growth, offering up to 10% of a new user's Miles to the referrer. Social tasks and community campaigns will unlock additional ways to earn Miles, which will play a central role in Falcon's evolving ecosystem moving forward. Pilot Season is just the beginning. Falcon Finance plans to introduce new reward opportunities, including yield tokenization, money markets, and bribe aggregators. The launch of Falcon Miles will catalyze adoption while rewarding existing users of Falcon Finance, whose synthetic dollar protocol now has a TVL of over $650M with a USDf supply of $560M. About Falcon Finance Contact Managing Partner
Crypto Insight
22-05-2025
- Business
- Crypto Insight
GENIUS Act ‘legitimizes' stablecoins for global institutional adoption
Stablecoin adoption among institutions could surge as the United States Senate prepares to debate a key piece of legislation aimed at regulating the sector. After failing to gain support from key Democrats on May 8, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed the US Senate in a 66–32 procedural vote on May 20 and is now heading to a debate on the Senate floor. The bill seeks to set clear rules for stablecoin collateralization and mandate compliance with Anti-Money Laundering laws. 'This act doesn't just regulate stablecoins, it legitimizes them,' said Andrei Grachev, managing partner at DWF Labs and Falcon Finance. 'It sets clear rules, and with clarity comes confidence. That's what institutions have been waiting for,' Grachev told Cointelegraph during the Chain Reaction daily X spaces show on May 20, adding: 'Stablecoins aren't a crypto experiment anymore. They're a better form of money. Faster, simpler, and more transparent than fiat. It's only a matter of time before they become the default.' Senate bill seen as path to unified digital system The GENIUS Act may be the 'first step' toward establishing a 'unified digital financial system which is borderless, programmable and efficient,' Grachev said, adding: 'When the US moves on stablecoin policy, the world watches.' Republican Senator Cynthia Lummis, a co-sponsor of the bill, also pointed to Memorial Day as a 'fair target' for its potential passage. Grachev said regulatory clarity alone will not drive institutional adoption. Products offering stable and predictable yield will also be necessary. Falcon Finance is currently developing a synthetic yield-bearing dollar product designed for this market, he noted. Yield-bearing stablecoins now represent 4.5% of the total stablecoin market after rising to $11 billion in total circulation, Cointelegraph reported on May 21. GENIUS Act regulatory gaps don't address offshore stablecoin issuers Despite broad support for the GENIUS Act, some critics say the legislation does not go far enough. Vugar Usi Zade, the chief operating officer at Bitget exchange, told Cointelegraph that 'the bill doesn't fully address offshore stablecoin issuers like Tether, which continue to play an outsized role in global liquidity.' He added that US-based issuers will now face 'steeper costs,' likely accelerating consolidation across the market and favoring well-resourced players that can meet the new thresholds. Still, Zade acknowledged that the legislation could bring greater 'stability' to regulated offerings, depending on how it is ultimately worded and enforced. Source:
