$240B are now locked in stablecoins. DeFi is back and so is yield hunting. @FalconStable enters the arena with synthetic dollars + juicy points farming. Here’s what you need to know 👇 Falcon Finance is a decentralized finance (DeFi) protocol designed to generate sustainable yields through its synthetic dollar, USDf. Backed by @DWFLabs, it allows users to mint USDf using collateral like USDT, USDC, ETH, BTC, TON and more. Unlike traditional stablecoins pegged to fiat, USDf is a synthetic dollar akin to Ethena. What is USDf? It is overcollateralized and uses a hedging and farming system to enhance returns while maintaining stability. Yields come from strategies like funding rate arbitrage and cross-exchange price differences, offering users a way to earn competitive returns in any market condition. Public Launch Falcon Finance officially opened to the public after a closed beta that amassed over $200M in TVL. Alongside this, they launched their points program Falcon Miles. How can you earn Falcon Miles? Falcon Miles is an ecosystem-wide rewards program that tracks user activity on the Falcon App. In its initial phase, you earn points by: - Minting USDf with supported collateral - Staking USDf into sUSDf (an interest-bearing token) - Holding assets on the platform Points scale with the size and duration of your engagement. What are the risks? No DeFi protocol is risk-free. Market volatility, regulatory uncertainty, and smart contract risks as well as depegging are real risks. I explored Falcon Finance as a part of my partnership with @FalconStable.