Yesterday, I saw that @FalconStable got a 10M injection of @worldlibertyfi real money, which is quite a good thing for them, and now they are also a member of the WLFI Family.
After a brief deanchor on July 8 $USDf (caused by a large market price smashing a large amount of $USDf into $USDT), although it returned to anchor within a day, there were still some doubts in the market.
This time, Wlfi's endorsement is still quite powerful, directly striking USDf to the size of 1B, and also enhancing the confidence of the market.
I just took the time to take a look at the treasury situation announced by falcon, the current treasury fund value is 1.23B, the USDf issued is 1.07B, and the backing ratio is 115.32%.
Previously, there were many altcoins in the vault, which may lead to a backing ratio of less than 100% cover USDf after the market declined.
I added the top 100 coins and other coins together to account for 17.76% of the total treasury funds, and unless the market crashes to the point where these tokens shrink by 80%+, it is less likely to be undercovered by reserves (with the price of BTC/ETH/SOL stable).
As for when the protocol's tokens will TGE, I inquired about the results in the second half of Q3, and it is not bad to put some funds as a stablecoin mining, with a 12.85% APY + potential airdrop.
Risk warning: Those who mine in @FalconStable can pay attention to this vault reserve ratio as a safety vane. If the treasury has enough reserve assets, then redemption is not a big problem.
Portal:
Falcon Finance raised $10M strategic investment from @worldlibertyfi, the team behind the world’s fastest growing fiat-backed stablecoin, USD1.
USD1 is already accepted as collateral on Falcon. Together, we’re building a new onchain dollar standard.
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