On September 29, 2025, amidst the ever-changing cryptocurrency market, Falcon Finance (FF) reached a critical moment with the launch of its native token $FF. As an innovative universal collateralization protocol focused on building a sustainable yield synthetic dollar infrastructure, $FF will officially go live on the Binance spot market today at 13:00 UTC (21:00 in UTC+8), supporting multiple trading pairs including FF/USDT, FF/USDC, and FF/BNB. This listing event marks a turning point for Falcon Finance as it transitions from closed testing to global expansion, accompanied by an airdrop event for 150 million $FF HODLers, where BNB holders can share rewards through a retroactive mechanism. The Binance Alpha platform will also be the first to open trading, allowing users to apply for airdrops using Alpha points. The presale phase raised $112.8 million, oversubscribed by 28 times, with the over-the-counter valuation soaring to $450 million, reflecting strong market enthusiasm. This article will delve into the fundamentals and news surrounding $FF, exploring the design of its issuance, the probabilistic impact of TVL on price fluctuations, and summarizing KOL opinions to provide investors with a pre-listing outlook.

1. FF Fundamental Analysis: Innovation and Potential of the Synthetic Dollar Protocol

At the core of Falcon Finance is the "Universal Collateralization Protocol," designed to address the pain points of liquidity fragmentation in DeFi. Through this protocol, users can mint over-collateralized synthetic dollars USDf using any liquid asset—cryptocurrencies, stablecoins, or RWAs (real-world assets)—and generate yield-bearing staking tokens sUSDf. Unlike the centralized model of USDT, USDf employs a 150%+ over-collateralization to ensure a 1:1 dollar peg, while sUSDf captures protocol fees and revenue sharing, similar to Ethena's USDe but with a greater focus on RWA integration.

The project team is strong, supported by DWF Labs, with key members including Strategic Director Fiona Claire Ma and Executive Partner Ag DWF, who previously served as CEO of Huobi Russia. The project has secured a $10 million investment from World Liberty Financial (WFLI), enhancing its compliance appeal. Currently, the circulating supply of USDf stands at $180 million, with a TVL of $190 million, indicating robust early adoption. $FF, as a governance token, provides proposal rights, parameter adjustments, and shares 30% of protocol fees through staking, with users able to earn Miles points as a bonus (160x for the first 7 days).

The project is deployed across multiple chains (primarily BSC and ETH), emphasizing transparency and user returns. Risks include collateral volatility and regulatory uncertainty, but the 70% token lockup alleviates supply pressure. The fundamentals are solid, with a TVL/circulating ratio of 8.5 times, far exceeding peers, positioning it as a dark horse in the DeFi 2.0 and RWA integration space.

2. Issuance Analysis: Community-Oriented Design Under a Fixed Supply of 1 Billion

The total supply of $FF is fixed at 1 billion tokens, with no inflation, and an initial circulation of 234 million tokens (23.4%). After the TGE, the remaining 76.6% will be unlocked in phases: 35% for the ecosystem, 32.2% for the foundation, 20% for the team and early contributors, 8.3% for the community, and 4.5% for investors. The community share is above average (8.3% vs 5%), with a public sale target of $4 million oversubscribed by 28 times. The team has a 4-year lockup, investors have a 3-12 month lockup, with a presale price of $0.04, and a pre-market price of $0.28, implying a market cap of $650 million. Compared to MKR (with a supply of 100 million), the circulating supply of $FF is low, favoring price appreciation. The design focuses on "supply-side reform," with staking binding value, and a circulation increase of less than 10% in the first month.

Distribution Categories

Percentage (%)

Absolute Quantity (Million Tokens)

Unlock Mechanism

Lockup Status

Ecosystem

35

350

Linear unlock, 2-4 years

High

Foundation

32.2

322

Operational use, 3-year lockup

Medium

Core Team and Early Contributors

20

200

4-year cliff + linear unlock

High

Community Airdrop and Launchpad

8.3

83

Immediate at TGE, including 1.5% HODLer

Low

Investors

4.5

45

3-12 months, based on lockup period

Medium

Total

100

1000

-

Data Source: AiCoin

3. TVL Impact on Price Fluctuation Probability: A Double-Edged Sword of Liquidity

●  TVL is a core indicator in DeFi, with $FF currently at $190 million and USDf at $180 million, with a collateralization rate of >150%.

●  TVL growth is positively correlated with price: historical DeFi indices show that when TVL doubles, tokens rise by 45%.

●  $FF has a TVL/market cap ratio of 0.3, indicating significant potential.

4. Market Key Opinion Leader Perspectives: Overall Optimistic Consensus

While there are differing evaluations among leading key opinion leaders (KOLs) regarding Falcon Finance ($FF), the overall sentiment is optimistic. @TopOFSui emphasizes that the $FF presale has already yielded 7 times returns, and the community airdrop and Launchpad (with an 8.3% allocation) will stimulate participation, suggesting a focus on short-term opportunities. RootData's weekly report views the $FF listing as a milestone for the week, predicting that RWA linkage will amplify interest, with public offerings confirming potential at over 28 times. @liquidguyy notes that the presale FDV has surged to $2.5 billion, with early returns exceeding 8 times. @cryptochess38 anticipates an OTC valuation of $2.5 billion and plans a $1 lottery to reward the community. YouTube analysis predicts significant price increases, supported by a TVL exceeding $1.9 billion. Reddit users see $FF as a sustainable yield opportunity, emphasizing DeFi innovation. AInvest warns of volatility risks associated with seed labels. The consensus is to "buy and hold," with an expected first-day increase of 20%-50%. Investors should DYOR to assess dynamics.

5. Conclusion

The listing of $FF ignites a new torch for DeFi. The launch of $FF is not only a technical realization but also the starting point of the synthetic dollar wave. With robust fundamentals, refined issuance, high TVL, and KOL endorsements, the potential is immense. Be cautious of unlocks and volatility; DYOR. Today at 13:00 UTC, the DeFi star sets sail!

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