Holding idle stablecoins is literally refusing free money.
@FalconStable allows you to earn both yield and miles
(points) on your idle stables.
Stop scrolling for 2 minutes and read this 🧵
2/➣ Get Started
1. Deposit assets in @FalconStable ($ETH, $BTC, $USDT, etc). For amounts under $10,000, you’ll be prompted to swap directly on CoW Swap (users can also purchase from CoWSwap directly)
2. Funds are converted to $USDf
3. Stake and restake $USDf for yield
Pro tip: Mint with altcoins for higher multipliers.
➣ @FalconStable offers ~10% APY for staking, more than @aave, @MorphoLabs, or others.
Falcon prioritizes security and has released a transparency dashboard showing metrics like Total Reserves, Backing Ratio, etc. They're also partnered with @htdgtl to provide independent Proof of Reserves attestations.
They safeguard most reserves with MPC wallets using Fireblocks and Ceffu, keeping assets secure in off-exchange accounts
3/➣ Falcon Miles
Users can deploy $USDf as LP into the following protocols to earn up to 40x miles daily:
- CoWSwap, Curve, Uniswap v3, or Bunni
- PancakeSwap pool (ETH)
- Balancer pool (ETH)
P.S. Remember to connect the wallet that has purchased USDf to Falcon.
4/➣ Point Multipliers
- Holding USDf: Up to 6x daily multiplier
- Trading Volume: Up to 2x daily multiplier on USDf/USDT trades on Uniswap
- DeFi Liquidity: Up to 40x multiplier for LPs on Uniswap v3, Curve, Balancer, Pancakeswap (ETH pool), or Bunni
- Referrals: Up to 10% of referred points with adjustable kickback
➣ Here's a practical example of how it'd work just for holding USDf and LP-ing into DEXes:
- Mint USDf on-chain through the Uniswap USDT/USDf pool and earn 2x miles per dollar traded ($10,000 traded = 20,000 miles/day)
- Hold USDf
- Multiply the USDf dollar value (e.g., $10,000) by 6 to earn 60,000 miles per day.
- LP the $10,000 USDf into Balancer ETH Pool the next day and earn $10,000 x 40 = 40,000 miles per day
- For extra, refer friends and earn a percentage of their miles
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