Looking at the Falcon Yap2Fly mission, it’s a mission that requires utilizing fans.
There is a badge called Yielding Perry from @FalconStable.
In fact, it’s the most efficient badge (good multiplier + interest rate).
Many people know that you only need to invest 200 USDf for Bronze and 500 USDf for Silver.
When we say SY, it stands for Standardized Yield token,
which means converting the underlying asset into a standard token form for fans.
It is calculated as PT (principal) + YT (interest) = SY.
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Therefore, the USDf (SY) mentioned above refers to the number of LPs.
In other words, you need 200 LP USDf, and currently, you need to deposit approximately 500 USDf based on the ratio.
(For the Silver mission, you will need about 1200 USDf.)
Some people have been asking why it’s not rising, so I’m writing this for explanation :)
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After that, by depositing LP USDf through Penpie StakeDAO Equilibria, you can maintain x60 while earning a higher interest rate.
One thing to consider when using fans is that
when converting USDf to LP USDf SY, the quantity almost becomes 1/2,
but the x60 of the fans applies to LP.
In other words, 500 USDf -> LP 205 USDf -> receiving Miles equivalent to 205 x 60.
(Of course, there’s an additional +a, but... I’m not exactly sure what that is. I have about 1200 USDf in LP, and I receive about 105k Miles per day.
In dollar value, that’s about $2900.)
Anyway, considering the interest rate, it seems that fans are better, so I think I will mainly use fans!
Falcon Classic Mint $10k completed
(feat. KYC + Fee Free)
There are a total of 3 ways to mint USDf at @FalconStable.
- On-chain (swap)
- Innovative Mint
- Classic Mint
Among these, the on-chain swap is the most convenient and allows for small amounts. However, since fees or slippage may occur, high amounts can incur significant fees.
Therefore, today I tried to proceed with about $10k using the Fee Free Classic Mint.
(There’s a badge for issuing 10k)
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To perform Classic Mint, the deposit must be made to the Account itself, not just the connected wallet.
To deposit into the Account, KYC must be completed.
(This means you need to make a deposit)
KYC is the same as with other places.
(You can use a passport, and if you use an English copy of your family register or certificate, it can be done immediately.)
(They say it can also be done with a Korean copy, but... based on experience, it always got rejected)
Only after the deposit is completed will the balance be displayed in [Classic Mint], allowing you to issue USDf without any 'Fee Free' fees.
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When minting USDf on-chain at Falcon, approximately $26 is consumed for the $10k USDT->USDf swap.
(Fee and slippage)
However, when proceeding with Classic Mint, there are no fees at all, and you can receive sUSDf directly through direct staking, so there are no staking fees for USDf -> sUSDf.
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Today, I minted 10k USDf and deposited $5K each into Morpho and Curve.
Falcon Flying!!!🦅🦅
The money earned in ENA is going back to the Stable project!
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