From zero
to $1 billion
in six months
Full-stack incubation for a top-15 stablecoin — GTM partnership, DeFi integrations, tokenomics, and sole market making.
Introduction
In 2025, stablecoins recorded $46 trillion in on-chain transfer volume - a 100% increase from 2024. Tokenized real-world assets have grown to ~$38 billion on public blockchains, with
U.S. Treasuries being one of the fastest growing categories.
A shift in global capital is underway,
however much of that capital still sits idle.
A universal collateralization layer empowering users and institutions to unlock yield potential of digital and real-world assets through sustainable, institutional-grade yield.
Falcon Finance’s differentiation lies in its diversified, multi-strategy approach to yield generation, alongside its ability to accept a broad range of assets, including blue-chip crypto tokens, select altcoins, and real-world asset collateral, for minting USDf.
- 01
Deposit eligible collateral
Blue-chip crypto, select altcoins, real-world assets
- 02
Mint USDf
Overcollateralized synthetic dollar
- 03
Stake for sUSDf
Yield-bearing token from diversified trading strategies
- 01 Growth
- 02 Transparency
- 03 Partnerships
- 04 Tokenomics & Launch
- 05 Market Making
Opening the
institutional door
Over $1.2B in USDf circulating supply — a top-15 stablecoin by market cap
In early 2025, Falcon Finance entered the market with a clear focus; sustainable yields, transparent reserves, and infrastructure designed for institutional use.
Through DWF Labs, Falcon Finance was able to gain access to a network of funds, institutions, and projects from the outset, thereby establishing a strong TVL core.
Within 6 months, the circulating supply of USDf reached over $1B, establishing the protocol as a credible and trusted platform in the yield-bearing stablecoin market.
$1.2B
Transparent and
legible reserves
The backing ratio of USDf has been consistently maintained above 100%, and verified weekly.
Transparency has been a key focus of the protocol since launch. Falcon Finance publishes weekly proof-of-reserves attestations, audited by HT Digital since June 2025 — more than 40 published to date, all public.
Smart contract audits from Zellic and Pashov, plus a full assurance audit from HT Digital, ensures the protocol is clear of material vulnerabilities.
Every USDf is backed by more than $1 in reserves
Every USDf is backed by more than one dollar in reserves — attested weekly, audited independently, published publicly.
Building the
on-chain flywheel
Bringing $500M+ TVL and 30K users on-chain in under six months.
On-chain integrations with Curve, Pendle, and Morpho let users earn additional yield through incentives and looping strategies. DWF Labs provided connections to protocols and LPs who seeded initial liquidity, and supplied incentives.
Designed by DWF Labs, Falcon Finance tied rewards to protocol activity including swapping, holding and staking - significantly increasing usage while building Falcon Finance's reputation as a reliable, sustainable source of yield.
Off-chain, DWF Labs coordinated initiatives with KOLs and communities across regions, as well as providing strategic advisory on campaign planning and growth.
$500M+
On-chain TVL
30K+
Active users
Real traction in
under six months
A launch built
for demand
A 28x oversubscribed public sale — the largest in Buidlpad history.
DWF Labs worked as a hands-on partner for Falcon Finance's tokenomics and public distribution through an ICO. Drawing on deep experience, DWF Labs strategized allocation of tokens for stakeholders and a vesting schedule aligned to the protocol's long-term vision.
The incubation team orchestrated Falcon Finance's token sale on Buidlpad, an example of full-cycle capability in bringing token projects to market. The approach produced the highest commitment for a Buidlpad sale at that point in time, drawing over $112M in commitments at a 28x oversubscription.
The listing strategy for Falcon Finance focused on Tier 1 exchanges such as Binance and major Korean venues. FF launched on Binance Alpha, Spot, and Perpetuals, before expanding to Upbit, Bithumb, Bybit, Bitget, Gate, MEXC, HTX, and Kraken.
The largest public sale
in Buidlpad history
28x
oversubscribed
Depth from day one
$1.7B in aggregated spot volume
within 24 hours of listing.
DWF Labs was the sole market maker for FF, Falcon Finance's governance token, supporting organic price discovery and a smooth trading experience across spot and perpetual markets on nine venues.
Within 24 hours of listing, DWF Labs facilitated over $11.7B in aggregated value on spot markets (excluding DEXs). Through deep liquidity and tight spreads, large volumes were processed smoothly - supporting strong execution for both retail and institutional investors.
$1.7B
Aggregated spot volume
within 24 hours of listing
Let's incubate the next success story
Tell us what you're building and we'll be in touch if it's a fit for our incubation program.