Falcon Finance has announced support for over 16 crypto assets as collateral for its synthetic dollar, USDf.
Expansion of Supported Assets
Falcon now supports a variety of stablecoins and non-stable assets such as USDC, USDT, FDUSD, BTC, and ETH. Recently added to this list are MOV, POL, FET, COTI, BEAMX, and DEXE. Plans are in place to further expand to increase the protocol's accessibility.
Closed Beta Conditions
During the closed beta, Falcon Finance has attracted over $80M in TVL due to its appealing yield of over 22% on synthetic dollars. The platform is open to whitelisted users, who can deposit crypto assets and receive USDf for further staking.
Future Plans
The platform plans to exit the closed beta phase, providing all market participants with the opportunity to deposit assets and earn yield. The closed beta has contributed to TVL growth and confirmed the security of the stablecoin issuance protocol.
Falcon Finance continues to develop the synthetic dollar protocol, offering competitive conditions for users regardless of market conditions.
