Falcon Finance, a synthetic dollar protocol, and HOT Wallet, a popular self-custody crypto wallet, have joined forces to bring easy access to high-yield crypto opportunities to everyday users.
Bringing High-Yield Crypto to the Masses
This partnership aims to integrate USDf, Falcon Finance’s stablecoin, directly into the HOT Wallet app. This means HOT Wallet users will get easy access to several features, including:
- Staking: Earn rewards by locking up your USDf.
- Liquidity Farming: Provide liquidity to decentralized exchanges (DEXs) and earn yield.
- Falcon Miles: Participate in a points program for additional rewards.
- Trading: Trade USDf on DEXs and earn rewards based on volume.
Falcon Finance has already seen impressive growth since its launch, with over $350 million in USDf circulating. The protocol prioritizes security and transparency, with reserves held in secure, regularly audited wallets. Users can mint USDf using various cryptocurrencies like USDT, USDC, ETH, BTC, and others.
What’s in it for HOT Wallet Users?
HOT Wallet users will benefit from a streamlined experience, accessing Falcon Finance’s offerings directly within the app. This includes tracking balances, restaking, and swapping USDf for other assets. HOT Wallet will also handle the Know Your Customer (KYC) process, making things easier for users. Users can potentially earn up to 35% annual percentage yield (APY) on certain vaults.
Andrei Grachev, Managing Partner at Falcon Finance, highlighted the partnership’s goal of making on-chain financial products more accessible to retail users. Andrey Zhevlyakov, HOT Wallet’s CTO, emphasized USDf’s speed, security, and usability as key factors in the integration. He aims to incorporate USDf throughout the HOT Wallet ecosystem.
About the Partners
Falcon Finance: Builds a next-generation synthetic dollar protocol, USDf, designed for sustainable yield and secure, transparent operations.
HOT Wallet: A user-friendly self-custody crypto wallet supporting numerous blockchains and features, prioritizing security and ease of use.
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