At first, I thought FF only had two functionalities: collateralizing for stablecoins and staking for interest. It wasn't until last month when I was bored and flipped through the platform's 'ecosystem' section that I realized I had missed out on a lot of benefits. Now, the small perks I get every week are enough for me to enjoy several cups of milk tea.
First, let's talk about the first hidden feature: cross-chain exchange. I have quite a bit of ETH on the Polygon chain, and I wanted to transfer it to the Ethereum main chain, but the fees were outrageous and it took a long time. FF's cross-chain functionality solved this problem for me directly; I collateralized my ETH on Polygon into USDf and then exchanged USDf back to ETH on the Ethereum chain, saving half the fees and the speed was quick. I tried it twice and had no issues, which I think is better than a dedicated cross-chain bridge.
Another fun aspect is 'Ecosystem Linkage'. FF has partnered with many small projects. For example, some NFT platforms allow you to buy NFTs with USDf, and there are lending platforms that support using USDf as collateral. Last month, I borrowed a small amount of money using USDf on a partner platform to buy a low-priced NFT. Unexpectedly, just a few days later, its price doubled. After selling it and paying back the money, the remaining profit was just enough to buy some FF, which is like free profit.
What I find most interesting is FF's 'Task Center'. It's not the disgusting tasks that make you recruit others, but simple operations that let you experience the platform's functionalities: for example, using cross-chain for the first time, staking sUSDf for the first time, sharing your usage experience—completing these tasks allows you to earn FF token rewards. I spent half an hour completing all the tasks I could do and earned about a few dozen yuan in FF. Although it's not much, it's like getting free money from the platform, and you should take it if it's free.
I also discovered that FF has been adding new gameplay. Last month, they just launched 'Fixed Staking'. If you lock up your funds for three months, the annualized return can be two points higher than a regular account. I tried locking in a small amount of money since I won't need it in the short term; it's better to earn more returns. Compared to those projects I played before, FF doesn't just finish a feature and then become stagnant. They are genuinely working on improving the ecosystem, which shows that the project team is in it for the long haul.#FalconFinance
Of course, I won't put all my money into it, after all, there are risks in the cryptocurrency world. However, compared to those projects that only have one gimmick, FF's gameplay is becoming more and more diverse. Even if it's just about earning some rewards, it's quite enjoyable. I believe as long as FF continues to maintain this update pace, it might even come up with more interesting features in the future. Even if I don't expect to get rich from it, it's a good place for earning rewards.
