To make a long story short, DWF Labs has launched the synthetic dollar protocol Falcon Finance @ falconstable, which is essentially benchmarked against Ethena. Compared to Ethena, The highlights of Falcon Finance are: ① More extensive acceptance of collateral: Falcon Finance has been accepting stablecoins, mainstream currencies (BTC, ETH), and even some high-quality altcoins from the beginning. Its extensive collateral acceptance strategy allows Falcon Finance to gain more profit opportunities ② Higher returns: Falcon Finance systematically creates returns in different market environments through methods such as negative capital rate arbitrage and cross exchange arbitrage ③ Linking to the real world: In the long run, Falcon Finance's goal is to link RWA assets and serve as a bridge between real-world assets and the crypto world In terms of protocol details, Falcon Finance adopts a dual token system - over collateralized USDf and interest bearing USDf. USDf ： Excess collateralized synthetic US dollars, users deposit qualified assets into protocol casting. For qualified stablecoins, the casting ratio is 1:1; For non stablecoin assets (such as ETH), an over collateralization ratio is used. SUSDf (interest bearing asset): The minted USDf can be further pledged to mint sUSDf. Through the deployment of various institutional level return strategies, the value of sUSDf will continuously accumulate relative to USDf, and users can realize returns upon redemption. At present, the TVL of Falcon Finance's internal testing phase has exceeded 25 million US dollars. Those who want to participate in the internal testing can apply here: https://docs. (google.com)/forms/d/e/1FAIpQLScC1nAS1WoyAfZQwa0IQs3kShb4qNN8shPC_TfaYzvtUo2UWQ/viewform If it is an ordinary user, the probability of passing the whitelist is not high, after all, the current protocol is more aimed at institutions and professional investors. Suggested to follow and launch on the main website. DWF+stablecoin, must be popular.