Market Overview - Global crypto markets are volatile and fragmented [1] Falcon Finance Positioning - Falcon Finance positions itself as a risk coordinator, managing collateral and market exposure [1] - The company aims to keep its synthetic dollar stable [1] Token System - Falcon Finance utilizes a dual-token system built around USDf and sUSDf [1] - The system is designed to deliver stability, capital efficiency, and institutional-grade yield [1]

Group 1: Core Developments - Falcon Finance has launched USDf, a $2.1 billion multi-asset synthetic dollar, on the Coinbase-backed Layer 2 network Base, introducing a new "universal collateral" asset [1] - The integration allows users to bridge USDf from Ethereum to Base, providing access to competitive yields among major yield-bearing stable assets as onchain activity reaches record levels [1][2] Group 2: Network Performance and Upgrades - The deployment coincides with a significant month for Base following the activation of Ethereum's Fusaka hard fork, which increased Layer 2 capacity by approximately eight times [3] - Base has reported a sharp rise in network performance, with monthly transactions exceeding an all-time high of over 452 million since the upgrade [3][4] Group 3: Economic Improvements - Lower transaction fees and expanded gas limits have enhanced the economics of onchain activity, facilitating more complex DeFi strategies and high-frequency use cases like micropayments [4] - The improved scalability has made Base more attractive to developers and institutions seeking reliable and cost-efficient settlement infrastructure [4] Group 4: USDf Structure and Reserves - USDf is overcollateralized by a diversified basket of assets, including crypto blue chips like Bitcoin, Ethereum, and Solana, as well as tokenized U.S. Treasuries, sovereign bonds, equities, and gold, bringing over $2.3 billion in reserves onchain [5] - This structure positions USDf among the top ten stable assets by backing, making it a unique addition to Base's liquidity layer [5] Group 5: Expansion and Yield Opportunities - Falcon Finance has expanded USDf beyond crypto-based collateral, recently adding tokenized Mexican sovereign bills (CETES) to its onchain reserve mix [6] - The integration introduces new yield opportunities for Base users through Falcon's yield-bearing token, sUSDf, which has distributed over $19.1 million in cumulative yield since launch [7] - Returns are generated through diversified strategies, including funding rate arbitrage, cross-exchange price arbitrage, options-based strategies, and native altcoin staking [7] Group 6: Market Trends - The expansion of USDf to Base reflects a broader trend in onchain markets, emphasizing the need for stable assets to be more flexible, composable, and available across networks where development is occurring [8]

最近为了获得 Falcon 的不可稀释额度，大家应该看了不少有关 Buidlpad @buidpad 打新的攻略了，作为一个从早期就开始关注的长期跟进者来说很是欣慰。还好看了眼我还在 Falcon @FalconStable 排行榜上的第 8 名，看来后来者还是没有卷过有存钱获得 miles 的我 😂$FF Community Sale 能获得 TGE 100% 解锁的筹码，应该也是这个 WLFI 投资的特朗普概念稳定币项目最后的上车机会了，详细规则和介绍可以查看 Buidlpad 官方的置顶文章简略说下，就是一个稳定币收益协议，核心在于超额的通用抵押+双代币模型：- 合成美元 USDf：链上资产（BTC、ETH、SOL、稳定币和一些被承认的山寨币）以及 RWA 都可以铸造合成美元 USDf；而且 Falcon 的保障来自于“超额抵押”（数据在下面）- 收益型代币 sUSDf：这是质押 USDf 后得到的收益型代币，收益可组合（费率套利、跨市场套利、流动性等），灵活性更大，可以挖掘资产的更多可能性📊 数据表现：- 15 亿 USDf 流通量 + 超 16 亿美元等值储备（合在一起就是上面说的超额质押）- Pe ...