About
USDf is a yield-bearing token representing staked USDf, a synthetic stablecoin from Falcon Finance designed to maintain a dollar peg. USDf is overcollateralized with a diversified basket of stablecoins (e.g., USDC, USDT) and volatile assets (e.g., BTC, ETH, TRUMP, XRP), generating yield through arbitrage and farming strategies. The minting is reserved to KYC/KYB clients only.
Categories
Risks
Performance History
TVL/YPO History
Historical Data
APY/Benchmarks History
FAQ on Mechanisms and Risks
Can I incur a loss?
Yes, the protocol's terms mention the following: "The minting, issuance and/or redemption of Falcon Stablecoins, and use of your Account and the Services involves risks and potential for financial losses. Such risks includes any operational, technological and security risks that may be caused by any hacks or other forms of cyber-attack on the blockchain or the Platform, and any custody or issuer risk relating to the issuer of any Eligible Collateral, including any default, liquidation or collapse of such issuer."
How can I withdraw?
Instant unstaking to USDf.
How can I verify the backing?
The backing is displayed on the transparency dashboard and attested to by a third party, but the exact composition is not specified.
What exactly is the strategy?
The strategy involves overcollateralizing USDf with stablecoins and volatile assets, using arbitrage-based strategies as well as farming and DeFi/LP positioning to amplify returns.
Can my position backed by volatile cryptos I used for minting be liquidated?
As per the protocol documentation, these assets are expected to be used in market neutral strategies and the documentation doesn't mention the liquidation process.
Proof Of Reserves
Reserve attestations are provided by HT Digital Ltd. Links to the attestations are on the transparency dashboard.
