#数字资产市场动态 $FFThe value logic of $FF in the primary market is actually very straightforward: how much potential does the track have, whether the pattern can be broken, and whether the innovation is truly disruptive. In the current DeFi ecosystem, Falcon Finance is definitely worth being a key observation target.

What truly stands out is that it has built the world's first universal collateral infrastructure. This is not a minor feature update, but a complete change to the liquidity logic of on-chain assets — no longer just creating an ordinary lending protocol, but reconstructing the entire on-chain yield generation method. This approach is highly favored in the primary market.

Unlike traditional lending and stablecoin projects with a single collateral framework, Falcon’s design is somewhat ambitious: it not only supports native crypto assets like BTC, ETH, and mainstream stablecoins, but also opens the door to tokenized real-world assets (RWA). High-quality compliant assets such as government bond funds and money market funds can also serve as collateral — this is the true meaning of "everything can be collateralized."

The core product USDf actually addresses a very awkward problem: users want to hold their preferred tokens to gain appreciation potential, while also seeking stable cash flow. With Falcon’s mechanism, after collateralizing assets to mint USDf, there’s no need to close positions, and market fluctuations don’t have to worry about forced liquidations, unlocking liquidity on the chain. It both locks in the growth potential of positions and provides stable income — this has been one of the most painful contradictions in the crypto market for a long time.

From the project itself, Falcon is backed by top-tier institutions, and the team has deep roots in institutional-level quant and risk control fields. The delta-neutral strategy combined with a dynamic collateral ratio mechanism makes USDf’s peg more stable and yields more sustainable; plus, with continuous integration of RWA assets, the protocol’s competitive barriers will deepen.

Essentially, the current liquidity problem in the crypto market stems from low asset efficiency. Falcon’s goal is to activate on-chain and off-chain assets through universal collateral infrastructure, creating a positive cycle of liquidity and yield.

For the primary market, the most valuable tracks are those that can truly solve core industry problems, have technological barriers, and possess compliance potential. Falcon is not just an improvement; it’s a reconstruction.