Some Observations About Falcon Finance 1️⃣ Handling of the Pendle Airdrop Recently, there were some unclaimed portions of the airdrop. Pendle’s official team has stated that these will be directly distributed to their staking users. On-chain data from September 28 shows that this portion of the airdrop has already been distributed within the Pendle community. Moving forward, Falcon Finance will continue to roll out new staking activities. 2️⃣ Stable Performance of USDf During this historic wave of liquidations, USDf didn’t experience any positions being liquidated. This essentially reflects DWF’s professional market-making and risk management capabilities. Their understanding of leverage and liquidity is clearly more sophisticated than that of most DeFi protocols. 3️⃣ FF’s Strong Performance During the Downtrend Throughout this downturn, FF’s price has remained remarkably stable. Market makers provided sufficient liquidity throughout the process— This actually signals something important: within the DWF Labs ecosystem, Falcon is already regarded as a Tier 1 project. 4️⃣ Airdrops and Staking Are Essentially a Supply Control Move This kind of operation is quite typical: teams with a trading background often clean up token structures before entering a new phase. On-chain data shows that after today’s crash, FF not only returned to its pre-drop range, but open interest (OI) was almost entirely cleared. This means—supply control is complete, and all that’s left is a new narrative catalyst. 5️⃣ New Staking Mechanism Is Live The design is clear, the incentives are strong, and the focus is on sustained staking. Stake 50% FF → Points increase by 1.1x Stake 80% FF → Points increase by 1.25x First 7 days: Points 160x After 7 days: Points 80x This is almost “textbook” DeFi operation: Reduce circulating supply, lock in tokens, and strengthen holder confidence. It also indirectly proves the professional market-making expertise behind the team.