Falcon Finance
AuditedTrendingFalcon 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.
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The Problem
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.
The Solution
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.
Why it Matters
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.
Protocol Metrics
Related Research
View allFrequently asked questions about Falcon Finance
What is Falcon Finance?+
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.
How does Falcon Finance work?+
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.
Is Falcon Finance safe?+
DeFi Sentinel rates Falcon Finance B with a safety score of 57/100, indicating high 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. DeFi Sentinel's analysis flagged 4 high, 6 medium, 3 low risk alerts across Reputation & Social Trust, Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization and Sustainability & Competitive Position. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Falcon Finance?+
Falcon Finance has a DeFi Sentinel safety score of 57/100 (rating B), last updated September 16, 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%).
Which chains does Falcon Finance support?+
Falcon Finance is deployed on Ethereum, BNB Chain, Base, XDC.
Has Falcon Finance been audited?+
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.