Falcon Finance’s, a synthetic dollar protocol, has reached $25 million in total value locked (TVL), as reported to Finbold on Thursday, February 20.
The success of Falcon Finance
As a synthetic dollar protocol designed to preserve multi-asset value while delivering yields in diverse market conditions, Falcon Finance focuses on transparency, cybersecurity, and institutional-grade risk management.
Working on introducing synthetic assets into the mainstream, Falcon Finance has recently received a $10-million allocation from DeXe, a platform delivering decentralized governance solutions.
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Falcon’s closed beta also allowed the development team to receive valuable user feedback and refine the platform to ensure a smoother and more secure experience leading to the public launch.
A new synthetic dollar platform is now likewise open to whitelisted users, and those interested in exploring it can fill out an invitation form.
Falcon Finance DWF Labs partnership
Looking ahead, Andrei Grachev, a partner at DWF Labs, expressed his desire to see Falcon Finance become a stablecoin platform designed to enhance liquidity for institutional investors, businesses, and individual users alike.
Aligning with regulatory frameworks and collaborating with authorities like the SCA, ADGM, and VARA, Falcon Finance also fosters trust in the Web3 landscape.
With its innovative stablecoin model, Falcon Finance offers stability, growth, and flexibility, all of which help reinforce DWF Labs’ role in liquidity provision.
