#falconfinance $FF @Falcon Finance Falcon Finance is a DeFi protocol that provides a unified collateral layer. Users can deposit supported assets such as stablecoins (USDC, USDT) or cryptocurrencies (BTC, ETH, SOL) as collateral to mint USDf, a synthetic dollar stablecoin. USDf can then be staked into sUSDf to earn yields. The system employs over-collateralization, minting and redemption mechanisms, and risk control to maintain the stability and security of USDf.

• Mechanism: Deposit supported assets $\to$ Mint USDf $\to$ Stake into sUSDf to earn diversified yields.

• Collateral Rules: Stablecoins are minted at a 1:1 ratio; non-stable assets like BTC/ETH require over-collateralization.

• Architecture: On-chain tracking of collateral and liabilities; execution and hedging through institutional custodians in centralized locations.

• Intent: Keep risks visible on-chain, execute efficiently off-chain; diversify sources of yield rather than relying on a single transaction.

• Real-time Data: The supply of USDf is approximately $1.89 billion, maintaining a peg of $1, supported by about $1.96 billion in collateral. sUSDf is close to $507.91 million, earning approximately 9.24% APY. The value of sUSDf:USDf is 1.0688, reflecting accumulated yields.