The U.S. is vigorously advancing the stablecoin bill, and other countries are also accelerating their exploration, with even JD.com announcing plans to issue a stablecoin. At this time, a new type of stablecoin $USDf has emerged that can earn yields and also accumulate points. Falcon not only rewards new participating users but also traces points for addresses that have previously participated in mainstream protocols and have connected to the Falcon wallet. Therefore, older accounts have a better cost-performance ratio. To clarify the safety and background, Falcon is a stablecoin project led by the owner of DWF, adopting a dual-token model with the native token USDf and the yield token sUSDf, where the native token USDf is over-collateralized and pegged to the value of the U.S. dollar, with a current on-chain circulating supply of $546 million, verifiable on-chain. The specific gameplay is divided into two scenarios: First is the basic version of financial operations: You can exchange USDf on the official website, and in the Earn section, you can choose between classic yield and enhanced yield modes: 1. Classic yield mode — stake USDf for flexible term deposits, with the current expected annualized APY at 9.47%. 2. Enhanced yield mode — stake USDf for fixed-term deposits, where the longer the deposit period, the higher the weighted APY, for example, a 1.05x increase for a 3-month term, a 1.25x increase for a 6-month term, and a 1.5x increase for a 12-month term. Next is the advanced version of financial operations: Users can use USDf and the staked sUSDf for lending or LP operations to increase yields, and each time they borrow from the lending pool or add liquidity (LP), or accumulate YT, they can simultaneously earn Falcon Miles, which will be the basis for future airdrops. Currently, the following protocols are supported: 1. Lending — use Morpho or Euler's USDƒ, sUSDƒ, PT-sUSDƒ as collateral to borrow USDƒ or USDC. 2. Yield tokenization — deposit sUSDƒ into protocols like Pendle/Spectra/Napier, splitting it into principal tokens (PT) for fixed returns and yield tokens (YT) for floating returns. Here are the specific benefits of participating in sUSDf or USDf LP or purchasing YT: 1. LP in the sUSDf or USDf yield pool — in addition to earning daily LP yields, you can also earn 36x-60x Falcon Miles, which are daily point rewards (sUSDf earns 36x, USDf earns 60x); LP has no lock-up, and you can exit at any time. 2. Purchasing YT-sUSDf or YT-USDf — YT guarantees a base APY from staking sUSDf, and if future staking yields exceed the APY, YT's returns will significantly increase; in terms of point bonuses, holding YT-sUSDf can earn 36x Falcon Miles, while holding YT-USDf can earn 60x. 3. Providing liquidity in the lending pool — in addition to the highest annualized lending yields of 5-8%, you can also earn native token rewards from the protocol, and holding USDf and USDC can earn 30x Falcon Miles. In simple terms, the yield from the stablecoin launched by Falcon does not equal just earning interest. On @FalconStable, the yield strategy platform combines lending + YT + LP, with all gameplay on-chain and points aligned with airdrops. It is also important to note that although they are all pegged to the U.S. dollar, there are still risks. The peg may deviate, and contracts are not absolutely safe; even slight impermanent losses may occur. It is recommended that everyone manage their positions wisely and keep an eye on pool dynamics. Link🔗: