Falcon Finance is a synthetic-dollar project backed by DWF Labs. Only two months after the project was born, the total TVL has reached $211 million as of April 29, ranking among the top 30 in the stablecoin track. At present, the mining income is still relatively fragrant in the bear market. First, the project overview Falcon Finance is a next-generation synthetic dollar protocol powered by DWF Labs dedicated to creating sustainable yield opportunities. Second, the source of income The income of the project mainly comes from positive funding rate arbitrage, negative funding rate arbitrage, inter-exchange arbitrage, and pledge income. Third, the background of cooperation The cooperation with Pendle, Onekey, Morpho, Link and other cornerstone projects of this round of DeFi development reflects its reliability. Fourth, ways to participate - Beginner gameplay: Mint USDf on DEX or official platforms, and then stake it to sUSDf, you can get about 15% floating income. - Intermediate play: Be a liquidity provider (LP) on the Pendle platform, or hold PT to get stable income and hold YT for high returns; It is more profitable to be an LP on the Penpie platform. - Advanced gameplay: Perform revolving loan operations on the Morpho platform and have the opportunity to obtain higher returns. Fifth, security - Fund security: With the CEFPU tripartite management mapping model, the project team only has the right to operate and cannot withdraw funds, and will disclose the assets and regularly hire a third-party audit. - Contract security: The contract has been audited by a third-party organization Sixth, the working principle 1. Users deposit collateral assets (stablecoins or non-stablecoins), and Falcon generates USDf in return. 2. The user's deposit is transferred to a third-party custodian, and the multi-signature or multi-party calculation process is used to ensure the safe storage of assets. 3. Withdrawals are subject to multiple approvals by independently authorized signatories to prevent individuals or entities from unilaterally removing or changing the asset path. 4. Falcon does not directly control or hold the assets deposited by the user to avoid unilateral misappropriation. 5. Adopt the over-the-counter settlement mechanism to "mirror" the assets of the custodian account to the centralized exchange and deploy strategic trading. 6. Some assets are deployed to on-chain liquidity pools, and income is generated through on-chain decentralized exchange trading and arbitrage. About USDF USDf is Falcon's over-collateralized synthetic U.S. dollar, which is part of the dual-token system. Users deposit eligible collateral assets (stablecoins such as USDT, USDC, DAI; non-stablecoins such as BTC, ETH, and some altcoins) can be generated. Falcon mints stablecoin deposits at a 1:1 ratio and sets an overcollateralization ratio for non-stablecoin assets to ensure the integrity of the protocol when the market fluctuates. X/Twitter: Website: GitHub: