Falcon Finance is a synthetic dollar project supported by DWF Labs. The project was established only two months ago, and as of April 29, the total TVL has reached $211 million, ranking among the top 30 in the stablecoin track. Currently, mining yields are still quite attractive in the bear market. 1. Project Overview Falcon Finance is a next-generation synthetic dollar protocol supported by DWF Labs, dedicated to creating sustainable yield opportunities. 2. Sources of Income The project's income mainly comes from positive funding rate arbitrage, negative funding rate arbitrage, cross-exchange arbitrage, and staking yields. 3. Cooperation Background Cooperating with cornerstone projects in this round of DeFi development such as Pendle, Onekey, Morpho, and Link, indirectly reflecting a certain level of reliability. 4. Participation Methods - Beginner Strategy: Mint USDf on DEX or official platform, then stake as sUSDf to earn approximately 15% floating yield. - Intermediate Strategy: Act as a liquidity provider (LP) on the Pendle platform, or hold PT for stable returns, hold YT for high returns; LP yields are more substantial on the Penpie platform. - Advanced Strategy: Perform loop lending operations on the Morpho platform for potentially higher returns. 5. Security - Fund Security: Adopts CEFFU third-party management mapping model, project party only has operational rights, cannot withdraw funds, and will disclose asset status and regularly hire third-party audits. - Contract Security: Contracts have been audited by third-party institutions. 6. Working Principle 1. Users deposit collateral assets (stablecoins or non-stablecoins), Falcon generates USDf as a return. 2. User deposits are transferred to third-party custodians, using multi-signature or multi-party computation processes to ensure safe asset storage. 3. Withdrawals require multiple approvals from independent authorized signers to prevent unilateral removal or alteration of asset paths by individuals or entities. 4. Falcon does not directly control or hold user-deposited assets, avoiding unilateral misappropriation. 5. Uses off-market settlement mechanism to "mirror" custodian account assets to centralized exchanges for strategic trading deployment. 6. Some assets are deployed to on-chain liquidity pools, generating income through on-chain decentralized exchange trading and arbitrage. About USDf USDf is Falcon's over-collateralized synthetic dollar, part of a dual-token system. Users can generate it by depositing eligible collateral assets (stablecoins like USDT, USDC, DAI; non-stablecoins like BTC, ETH, and some altcoins). Falcon mints stablecoin deposits at a 1:1 ratio and sets over-collateralization rates for non-stablecoin assets to ensure protocol integrity during market fluctuations. X/Twitter: Website: GitHub: