Having been on-chain for a long time, everyone has similar basic expectations for lending protocols: security must be solid, liquidity must be ample, and interest rates shouldn't be too erratic. I had always followed the old path of Aave until I encountered products like Falcon Finance that directly package 'leverage yield strategies,' which made me seriously compare which tools are suitable for different people. In simple terms, Aave is more like a toolbox where you rely on yourself to build strategies; Falcon, on the other hand, gives you a semi-finished 'portfolio position,' and you just need to decide how much risk you can take.
From a usage perspective, Falcon's biggest advantage lies in helping you avoid the countless operations of 'borrowing, swapping, and redepositing.' These steps require users to click through one by one on platforms like Aave or similar ones, and they also have to calculate the liquidation boundary themselves. Here, it calculates a complete cycle directly, hiding the complexity in the background, which is quite friendly for most players who want to 'take it easy but not look foolish.' But there's a problem: when you get used to manually adjusting positions, looking back at such one-click strategies might instinctively raise a concern—what if the strategy doesn't fit the current market conditions? On this point, the strategy explanations currently given by the Falcon interface are a bit 'compressed'; to fully understand, you still need to explore the configurations and contracts yourself.
In terms of risk performance, I briefly looked at some data from several high-volatility days. The leverage position liquidation situation on Falcon isn't perfect, but at least it doesn't have the kind of disastrous scenario where everything is wiped out overnight, which is much better than some exaggeratedly promoted 'high-leverage farms.' It handles the interaction of lowering leverage and increasing margin quite smoothly, and the liquidation line prompts are relatively straightforward, unlike some competitors that deliberately hide key information in another tab. These trivial little designs, to put it bluntly, are a measure of 'conscientiousness'; to put it nicely, they actually reflect professionalism.
Regarding prices, Falcon's own token hasn't yet been inflated to that ridiculous level; it basically fluctuates with the overall sentiment of DeFi. Frankly, I'm more concerned about its usage data and position health rather than short-term token prices. After all, for a leverage protocol, the real test always comes during the next extreme market condition. When you find that your position is still intact after a night's sleep, it will likely feel better than seeing a few percentage points more APR on a piece of paper. Based on my experience over the past few weeks, I would consider it an additional 'strategy brick' outside of mainstream lending, but I wouldn't go all in.
Looking back, moving from platforms like Aave that have 'extensive raw materials' to tools like Falcon that offer 'semi-finished strategies' reflects a change in mindset: there are some aspects I am willing to handle myself, and some I prefer to leave to a system that has been thoroughly tested. It's hard to say which is better; it can only be said that it is more aligned with my current self. @Falcon Finance #FalconFinance $FF
