I have condensed the gameplay and risks to make it clearer: Want to earn more with your USDf? Besides just holding it for interest, you can also try "nested" mining, one fund, multiple returns. My practical three-step approach: Mint USDf: In the Falcon protocol, by collateralizing ETH or BTC, obtain the base asset USDf. Forming LP: In other decentralized exchanges (DEX), exchange half of the USDf for USDC, then deposit both into a liquidity pool to receive LP tokens. Staking Mining: Stake the LP tokens in the farm of that DEX, start mining, and earn platform tokens. This operation yields three layers of returns: Trading fees earned from providing liquidity. Rewards from platform tokens produced by mining. The underlying earnings that the collateral itself may generate in the Falcon protocol. ⚠️ High returns = high risks, must be vigilant: Risk Types Explanation Protocol Risk Assets are simultaneously exposed to the smart contract risks of multiple protocols; if one has an issue, it could result in total loss. De-pegging Risk Stablecoins can de-peg in extreme market conditions, leading to a decrease in LP asset value and impermanent loss. Economic Model Risk The price of tokens mined can be highly volatile; if not sold in time or if the project fails, they could become worthless. In summary, DeFi nested mining is a game of exchanging cognitive and risk management abilities for excess returns. When seeing opportunities, one must also clearly identify risks. What interesting combinations have you made with USDf? Or what pitfalls have you encountered? Feel free to chat about it together. @Falcon Finance #FalconFinanceIn
Brothers and sisters, good afternoon! The market has been good these days, so everyone should be in a pretty good mood! Today I want to talk to everyone about @Falcon Finance . I found that many people easily confuse this with FIL, thinking they are related. In fact, these two are completely different, with entirely different tracks. #FalconFinanceIn is a DeFi protocol, and its core is about collateralized lending. You can use mainstream assets like BTC and ETH as collateral to mint the stablecoin USDf. Its ecological core token is $FF, mainly focusing on liquidity and yields. Filecoin (FIL) is something everyone is familiar with; it deals with decentralized storage. Its core is to provide a distributed storage space for data, and the FIL token is mainly used for miner staking and storage payments. So you see, one focuses on finance, and the other on storage; this is a fundamental difference. We need to learn more ourselves and elevate our understanding so that we can discern clearly and not miss out on good projects. To get first-hand information, we still need to look at official sources, like the content published on @Falcon Finance, as the information source must be reliable. Their governance token $FF is something the brothers can pay some attention to, but it must be with money that does not affect your life, and participate rationally. I hope we can all go further in this circle, let's work hard together!
@Falcon Finance I’ve recently been researching Falcon Finance, and this project is quite interesting. It primarily focuses on an over-collateralization mechanism that allows idle assets like stablecoins, BTC, and ETH to be minted into synthetic stablecoin USDf. This not only maintains asset liquidity but also allows for participation in staking, liquidity mining, and other ways to earn additional income. Compared to traditional lending, its model is more flexible and the risks are relatively transparent. Additionally, it currently enjoys quite a bit of community interest. If you have idle assets and want to increase your DeFi income channels, you might want to take a look. However, any high returns come with risks, so it’s important to do your research before participating. $FF #FalconFinance
@Falcon Finance Want to make use of idle stablecoins, BTC, and ETH? Falcon Finance issues synthetic stablecoin USDf through over-collateralization, allowing assets to remain liquid while earning staking and liquidity mining rewards. Backed by institutions with notable technological highlights, but participants should still be aware of market and regulatory risks before engaging. $FF #FalconFinance
Many new investors haven't experienced a bear market. After just a few days of decline, many of them can't take it anymore, and their mentality starts to collapse. Let's take a look at the LUNA crash in May 2022, when a mainstream coin ranked fourth by market cap dropped 90% on the first day and then another 90% the next day. You can understand it as if SOL or BNB dropped 90% in one day and then another 90% the next day. In less than a week, LUNA fell from 120 to zero. The earthquake in the cryptocurrency world triggered by LUNA caused altcoins to experience an average decline of over 50% within a week. Many people can't handle the current market situation; what will happen when the bear market really comes??? $BTC #杰克逊霍尔会议