Since the evolution of DeFi to today, what is most lacking is to 'thicken the available order' rather than creating another application chasing trends. Falcon claims to be a 'universal collateral infrastructure,' which means its first users should not only be end borrowers but also asset managers, market-making teams, treasury/DAOs, and RWA issuing institutions. The implementation of the platform view is expressed through a standardized access layer: collateral and minting APIs, risk control slots, liquidation and auction adaptations, audit and reporting interfaces, parameter governance and voting modules. Developers can integrate like building with Lego, without having to repeatedly set up a bunch of backends; similarly, institutions can combine their own risk control instructions with Falcon's underlying rules, transparently operating strategies on a visible track. Universal does not equal platform hijacking; Falcon must leave enough space for 'custom strategies': for instance, integrating proprietary hedging modules, external insurance, and specific asset custody arrangements; at the same time, these 'exceptions' must have traceable disclosures and threshold constraints to ensure the overall verifiability of the system is not compromised. Another essential meaning of platformization is 'let value flow back': the usage fees of USDf, proceeds from liquidation and auction, management of insurance fund returns, and distribution of protocol incentives should all be driven by transparent ledgers and rules, and mapped in the governance token system, allowing participants to see the closed loop of 'contribution—return—responsibility.' If Falcon can take 'making it easier for others to build' to the extreme, it can converge the complexity of the ecosystem into a set of repeatable and usable orders—this is the essence of infrastructure.

@Falcon Finance #FalconFinance $FF

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