Recently, DWF Labs announced important information about Falcon Finance, a new high-yield synthetic stablecoin. There are two versions of this stablecoin: USDf and USDwf. They aim to serve a large community in the world of decentralized finance (DeFi).
DWF Labs seeks to reach everyone by offering a variety of yield opportunities. Falcon Finance holds multiple assets and promises superior annual percentage yield (APY).
The yield for stablecoin users will be 12%. On the other hand, important cryptocurrencies such as Bitcoin and Ethereum could earn you 15%, and blue-chip tokens could earn you 17%. Even speculative long-tail altcoins can yield up to 19%.
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Falcon Finance is expected to launch between the end of the fourth quarter of 2024 and the beginning of the first quarter of 2025. However, the exact start date has not yet been revealed.
DWF Labs partners with audit firm for Falcon Finance
DWF Labs has partnered Falcon Finance with two auditing firms to ensure transparency and security. These companies will also be required to report their stablecoin inventory and profits and losses on a monthly and quarterly basis.
To establish trust with our users, DWF Labs provides regular updates. Additionally, the audit firm will also monitor Falcon Finance’s performance and stability.
This promise of transparency reassures potential investors that the underlying assets and the overall project are sound. DWF Labs believes that through good communication, we can foster user trust.
We have also secured significant financial commitments from key partners through audits. After receiving a lot of attention, Falcon Finance announced that it has secured $500 million in Total Value Locked (TVL). There is significant support behind this project, with strong interest shown even before it began.
DWF Labs sets ambitious $50 billion assets under management goal
Falcon Finance includes innovative features. One of the standout features is support for omnichannel compatibility.
This means the same user can use it to mint or redeem assets across other blockchain networks. This allows it to be used in the broader DeFi ecosystem.
Falcon Finance differs from typical stablecoins in terms of its earning power. DWF Labs is a leader in the stablecoin yield market as we drive stablecoin yields higher. It presents different investment opportunities suitable for users depending on the level of risk they are willing to accept.
We are DWF Labs and we are committed to driving innovation in the cryptocurrency space. The nomination for Liquidity Provider of the Year at the Blockchain Life Awards 2024 speaks to the company’s intention to remain a key player in Web3.
DWF Labs co-founder Andrei Grachev outlined the company’s ambitious goals. The company hopes to reach $50 billion in assets under management (AUM) and capture a 30% share of the liquid altcoin market by the next two years.
