On September 26, Binance revealed its 46th project on the HODLer Aidrops portal – Falcon Finance (FF), ahead of listing it on the exchange.
Eligible users can earn the airdrop based on historical snapshots of their BNB holdings.
Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products starting on September 14 at 00:00 (UTC) until September 16 at 23:59 (UTC) will get the airdrop.
What is Falcon Finance (FF)?
Falcon Finance claims to be the first universal collateralization infrastructure that powers onchain liquidity and yield.
According to its official website, so far, the project has marked the following:
- $1.97 billion in TVL
- $1.9 billion in USDf supply
Falcon Finance offers 9.25% sUSDf APY. USDf is an overcollateralized synthetic dollar.
Minting and Staking USDf
The project allows users to mint and stake USDf in a transparent and secure ecosystem. To access the ecosystem, users have to deposit their digital assets (including sablecoins, bluechip, and altcoin to mint USDf.
Users can stake USDf to create sUSDf – a yield-bearing token that offers diversified, institutional-grade strategies beyond blue-chip basis spread arbitrage. This offers users:
- Competitive yields
- Flexibility to withdraw assets anytime
Users can amplify returns by locking sUSDf for a fixed-term staking.
Target Clients
Falcon Finance promises to unlock liquidity from any liquid asset for:
- Traders and investors – Leveraging of USDf can optimize the trading strategy
- Crypto projects and founders – Redefining treasury management with USDf and sUSDf
- Exchanges and retailers – Offering access to yield-generating products with liquidity, security, and growth potential
What is the FF Token
FF is the project’s native utility and governance token. FF is positioned to become a central value and participation driver within the Falcon ecosystem by uniting:
- Governance rights
- Economic benefits
- Community rewards
- Exclusive access
FF will have a total supply of 10 billion tokens, and the token allocation is as follows:
- 35% will go to the ecosystem.
- 24% will go to the foundation.
- 20% will go to the core team and early contributors.
- Over 8% will go to community airdrops and launchpad sale.
- Over 8% are set aside for marketing.
- 4.5% will go to investors.
FF will go live on multiple exchanges, including Bitget and Binance.
Binance’s FF Listing Details
According to the official announcement, Binance will list FF on September 29, at 13:00 (UTC), and will open trading for the following pairs:
- FF/USDT
- FF/USDC
- FF/BNB
- FF/FDUSD
- FF/TRY
FF will be listed with the Seed Tag applied, signaling potential high volatilty. The exchange will first list FF on Binance Alpha, the platform created to showcase early-stage projects with growth potential in Web3.
Users can start depositing FF on September 26 at 10:00 (UTC).
