Falcon Finance, a synthetic dollar protocol, has launched a pilot rewards program called Falcon Miles. This program aims to thank users for their involvement in the Falcon ecosystem.
Earning Falcon Miles
Users earn Miles by participating in various activities within the Falcon app. Every dollar of value generates one Mile, and certain actions earn bonus multipliers. For example:
- Minting: Minting $10,000 of USDf using non-stablecoins through Classic Mint with an 8x multiplier nets 80,000 Miles.
- Holding: Holding $10,000 of USDf in a wallet for a day with a 6x multiplier earns 60,000 Miles.
Miles are calculated daily, reflecting the previous day’s activity. You can earn Miles by minting USDf (through Classic or Innovative Mint), buying USDf on exchanges (like Bitfinex and WOO X), staking USDf, or trading on platforms such as Uniswap v3. Early liquidity providers also receive retroactive rewards.
More Ways to Earn
Falcon Finance is making it easy to earn Miles. You can earn even more by:
- Referrals: Refer a friend and earn up to 10% of their Miles.
- Community Campaigns: Participate in social tasks and community campaigns for extra Miles.
The Bigger Picture
The Falcon Miles program is just the beginning. Falcon Finance plans to expand the program to include yield tokenization, money markets, and bribe aggregators. The program currently supports a USDf supply of $560 million, with a total value locked (TVL) exceeding $650 million. This initiative is designed to boost adoption and reward existing users.
