Falcon Finance is a basis-trading synthetic dollar protocol minting USDf against multi-asset collateral and routing deposits to MPC-custodied delta-neutral funding-rate strategies.
Delta-neutral basis trade with off-chain MPC custody
Unlike Ethena's CEX off-exchange-settlement model, Falcon routes collateral into MPC custodial wallets (Fireblocks, Ceffu) before deploying it across CEX hedges. The trade-off: no on-chain proof of reserves — trust the custodian + the daily transparency dashboard.
Live signals detected by Sentinel monitors across all five risk classes.
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Users holding diverse digital assets (stablecoins, BTC, ETH, altcoins, RWAs) struggle to unlock dollar liquidity and sustainable yield without forced selling or single-protocol concentration.
Falcon Finance accepts a broad collateral mix, mints USDf as an overcollateralized synthetic dollar, and earns yield via delta-neutral funding-rate strategies run on regulated MPC custody, distributing returns through the sUSDf vault.
Wider collateral menu than the dominant delta-neutral peer (Ethena), with explicit support for non-stablecoin and select RWA collateral, plus a quarterly Proof-of-Reserves framework.
Falcon Finance is a Stablecoin protocol operating on Ethereum, BNB Chain, Base, XDC. Falcon Finance is a basis-trading synthetic dollar protocol minting USDf against multi-asset collateral and routing deposits to MPC-custodied delta-neutral funding-rate strategies.
DeFi Sentinel rates Falcon Finance C with a safety score of 47/100, indicating rated risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Falcon Finance has 3 audits on record. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
Falcon Finance has a DeFi Sentinel safety score of 47/100 (rating C), last updated May 15, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Falcon Finance is deployed on Ethereum, BNB Chain, Base, XDC.
Yes. Falcon Finance has 3 audit reports on record from firms including Zellic, Pashov Audit Group, Zellic. Audit reports and dates are linked under the Resources tab on this page.
