Recently, DWF Labs unveiled key information about its new yield-bearing synthetic stablecoin, Falcon Finance. This stablecoin will have two versions, USDf and USDwf. They aim to serve a large community within the decentralized finance (DeFi) universe.
DWF Labs is trying to reach everyone by giving them different yield opportunities. With its multiple assets, Falcon Finance promises good annual percentage yields (APY).
The yield of stablecoins users would be 12%. Meanwhile, you’ll get 15% from significant cryptocurrencies such as Bitcoin and Ethereum and possibly 17% from blue chip tokens. Even speculative long-tailed altcoins can yield up to 19%.
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Falcon Finance will launch between the end of Q4 2024 and the beginning of Q1 2025. However, the exact launch date has yet to be made known.
DWF Labs Engages Audit Firms for Falcon Finance
DWF Labs has engaged two audit firms with Falcon Finance to ensure transparency and security. These firms will also be required to report the inventory and PnL on the stablecoin monthly and quarterly.
To establish trust with its users, DWF Labs provides regular updates. Furthermore, the audit firms will also monitor Falcon Finance’s performance and stability.
This transparency promise would reassure potential investors that the asset backing and the entire project are healthy. With good communication, DWF Labs believes user confidence can be fostered.
It has also secured significant financial commitments from key partners through audits. Falcon Finance, on its part, has announced that the firm will lock in 500 million in Total Value Locked (TVL) after gaining a lot of traction. The backing behind the project is significant, showing strong interest in it before its launch.
DWF Labs Sets Ambitious $50 Billion AUM Goal
Falcon Finance contains innovative features. One standout feature is its support for omnichannel compatibility.
This means the same user can use it to mint and redeem assets across other blockchain networks. This allows us to use it in the broader DeFi ecosystem.
Falcon Finance is different from typical stablecoins in terms of yield-bearing capabilities. DWF Labs is a leader in the stablecoin yields market because it pulls in stablecoin yields. It will show users various investment opportunities that are right for them depending on the level of risk they are willing to take.
We are DWF Labs and are committed to promoting innovation in the crypto space. To earn a nomination for the Liquidity Provider of the Year for the Blockchain Life Awards 2024 is to speak of the company’s intent and remain a principal player in Web3.
Andrei Grachev, co-founder of DWF Labs, outlined ambitious goals for the company. By the next two years, the firm wants to reach $50 billion of assets under management (AUM) and have a 30% share of the liquid altcoin market.
