Falcon Finance has reported significant growth in its synthetic dollar USDf, which has reached a total supply of $648 million. This growth is associated with increased demand and the expansion of the DeFi ecosystem.
Growth of USDf Total Supply
The total supply of the synthetic dollar USDf has risen to $648 million, driven by rapid growth and user demand. The Falcon Finance blockchain protocol has recorded a total value locked (TVL) of $685 million. USDf is backed by over 115% over-collateralization, which is verified daily.
New Integrations and Partnerships
Falcon Finance is actively advancing its DeFi integrations, including the launch of the first on-chain mint using tokenized U.S. Treasury bonds. A partnership with BitGo ensures secure custodial services for institutional clients. Additionally, there has been an expansion into various blockchains, including XRPL EVM and BNB Chain.
User Growth Strategy and Rewards
Falcon Finance has implemented the Falcon Miles rewards program, offering users up to 60x multipliers for activities in minting, staking, and liquidity provision. The program has expanded to include new integrations with projects like Pendle and Morpho, creating additional opportunities for users.
Falcon Finance continues to grow USDf's volume and expand its capabilities within DeFi, indicating a strong interest and demand from users.
