Falcon Finance has announced a significant step towards expanding its capabilities in decentralized finance with the integration of its stablecoins $USDf and $sUSDf into Morpho.
Integration with Morpho
Falcon Finance announced that its stablecoins $USDf and $sUSDf are now integrated into the Morpho lending and borrowing protocol. Users can now utilize $sUSDf as collateral to earn yield from Falcon.
Benefits of Using $sUSDf
Users supplying $sUSDf as collateral on Morpho can borrow $USDC and then use it to mint $USDf through Falcon. This currency can then be staked through Falcon to generate yield-earning $sUSDf, with the option to loop again for maximum rewards.
About Falcon Finance and Morpho
Falcon Finance supports a variety of stablecoins and non-stable assets, including USDC, USDT, and BTC. Currently, the protocol is in a closed beta phase, with a total value locked (TVL) of over $135M. Morpho, on the other hand, is a leading protocol in the lending and borrowing space with a TVL of over $4B.
This integration will enable Falcon Finance users to utilize their assets more efficiently in DeFi, enhancing their ability to earn returns in a competitive market.
