Falcon Finance · interactive mechanism simulation

Users deposit collateral into vaults, minting the overcollateralized synthetic dollar USDf. Reserves are deployed into basis-trade, market-making, and RWA yield, which flows back to stakers as sUSDf. Toggle transparency to see how opaque off-chain reserves can trigger a depeg scare.
Users deposit collateral Collateral vault $0 locked USDf mint 0 USDf Reserve strategies basis + MM + RWA Off-chain custody 60% off-chain sUSDf staking 0% APY USDf peg $1.000
USDf supply
0
Reserve / collateral ratio
0%
sUSDf staking APY
0%
USDf peg
$1.000
Parameters — edit me
1.5/s
130%
60%
12%
Controls

Illustrative simulation. Defaults loosely mirror Falcon Finance's overcollateralized USDf design (basis-trade + market-making + RWA yield, ~July 2025 depeg scare tied to opaque off-chain reserves), but deposit sizes and timing are randomized for visualization — not live onchain data. Drag the sliders or trigger the depeg scare to see how custody opacity moves confidence in the peg. Part of The Onchain Experiment Atlas.