The post Falcon Finance Surpasses $90M in TVL, Opens Exclusive Giveaway for Its Synthetic Dollar Protocol appeared on BitcoinEthereumNews.com.

Falcon’s current TVL has only been created by whitelisted users, mainly a small number of early testers and partners. The protocol has a delta-neutral stance and looks to capitalize on opportunities like as arbitrage and negative funding rates. The synthetic dollar protocol Falcon Finance, whose TVL is constantly rising, is commemorating yet another milestone. The total value locked has already surpassed $90 million. Falcon’s decided to open its doors to five community members in honor of the milestone, and they will have the chance to gain early access. Falcon’s current TVL has only been created by whitelisted users, mainly a small number of early testers and partners, including institutional customers, since it is still in closed beta. With $10M allocated to Falcon’s synthetic dollar protocol and its own governance token accepted as collateral, DeXe protocol is on the list. However, the public has been mostly excluded as closed beta users undergo testing and stability checks. Five of them will cross over and discover for themselves why there is so much excitement, thanks to Falcon’s giveaway competition, which is now over. Why the Hype With Falcon Finance? The idea that tens of thousands of potential users would be very interested in a synthetic dollar protocol may appear strange to people who are unfamiliar with it. Falcon, however, is in the high-yield industry and is not just another platform for collateralization and stablecoin issuance. Practically speaking, this entails figuring out how to provide consumers with a steady yield that is commensurate with their sUDFf holdings. Falcon functions just as you would anticipate from the standpoint of the user, but with the additional KYC requirement. First, make a deposit using your choice cryptocurrency, such as USDC, ETH, or BTC (Falcon currently supports 16 different tokens). Second, USDf will be instantly deposited into your wallet. Third, start collecting yield, which…

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Filed under: News - @ March 25, 2025 11:27 pm