To be honest, when I first clicked into Falcon Finance, I thought it was just another ordinary lending + leveraged mining protocol, and the UI was quite restrained, without that kind of cheesy "annualized 100,000%" at first glance. It wasn't until I actually started using it that I realized it had quietly turned the operational paths that many veteran DeFi players were used to into a visualized process: selecting collateral, opening leverage, choosing target pools, previewing liquidation prices, and basically going through a chain of operations without having to jump back and forth between pages. This is quite friendly for those with OCD. After a practical test, the most intuitive feeling is that the leverage positions opened are a bit "smarter" than expected: it controls the maximum available leverage within a relatively conservative range based on pool liquidity and oracle pricing, unlike some competitors that immediately offer you 10x or 15x, almost encouraging you to send your positions to the liquidation pool. After using it for a few days, I actually most often use the medium leverage tier, combined with automatic reinvestment, resulting in a smoother overall return curve compared to manually trading. But it’s not all advantages; for instance, when the network is slightly congested, the estimated transaction costs and actual Gas fees can deviate somewhat, especially during multi-step operations, where the expected costs in mind and actual deductions from the wallet can differ. If they could improve transaction batching and Gas optimization, it would be much more comfortable. Compared to several similar leveraged mining protocols, I think Falcon's biggest difference lies in its relatively "verbose" risk control logic—every step repeatedly prompts risks and liquidation ranges. Sometimes when you want to place an order quickly, you are interrupted by various yellow and red frames, but upon reflection, this kind of "interruption" might also be the last line of defense against countless impulsive high-leverage openings. In terms of details, the information density on the position details page is still not high enough, such as the capital utilization curve and historical APY changes; it could provide more indicators. For veteran players who are used to advanced views on other protocols, this data still seems a bit "plain." A little typo benefit: the first time I used it, I mistook "liquidation" for "please calculate," and ended up being "calculated" by the market, reminding myself that leveraging is really not suitable for going all in every day.
