I haven't checked in for a while and found that Falcon's stablecoin USDf has also surpassed 1 billion. I've always thought of USDf as a yield-bearing version of USD1.. WLFI investment, like USD1, initially supports Ethereum and BSC; DWF operates, with returns coming from funding fee arbitrage, cross-exchange arbitrage, and on-chain yields, currently around an annualized rate of about 9%; yields can only be enjoyed through staking, with a staking rate of ~30%. The minting method for USDf is quite interesting, open to retail investors, and supports using some altcoins as collateral for minting, such as TRUMP DOLO MOVE SEI, most of which are assets supported by WLFI. The richness of collateral assets makes it easier for DWF to generate yields, lol. Looking closely, there are quite a few large addresses that mint and then just hold, for example, on July 28, there was a net minting of 410 million USDf (accounting for over 1/3 of the total), driven by a few addresses minting large amounts, and to this day, they still lie in wallets. This might also be a way to benefit retail investors to some extent. After all, with over a billion USDf, even counting historical holders, it’s only about 6k+ in scale.. Currently, the supported protocols for USDf include Pendle, Morpho, Euler, and some DEXs, and the distribution channels still need to be expanded. It's not easy, I've delayed for a long time, but finally came to update the data tonight.