On September 29, 2025, in the ever-changing cryptocurrency market, the native token $FF of Falcon Finance (FF) is reaching a critical moment. As an innovative universal collateral 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 from closed testing to global expansion, accompanied by airdrop activity for 150 million $FF HODLers, with BNB holders able to share rewards through a retrospective mechanism. The Binance Alpha platform will also be the first to enable trading, allowing users to apply for airdrops using Alpha points. The presale stage raised $112.8 million, oversubscribed by 28 times, with the off-market valuation soaring to $450 million, reflecting high market enthusiasm. This article will delve into the fundamentals and news surrounding $FF, exploring the design of issuance volume, the probabilistic impact of TVL on price fluctuations, and summarizing KOL perspectives to provide investors with a pre-listing outlook.
1. FF Fundamental Analysis: Innovations and Potential of the Synthetic Dollar Protocol
The core of Falcon Finance is the 'Universal Collateralization Protocol', aiming to address the pain point of DeFi liquidity fragmentation. Through this protocol, users can mint over-collateralized synthetic US dollars (USDf) using any liquidity asset—cryptocurrency, stablecoins, or RWA (real-world assets)—and generate interest-bearing staking tokens (sUSDf). This differs from the centralized model of USDT, as USDf adopts a 150%+ over-collateralization, ensuring a 1:1 peg to the dollar, 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 received a $10 million investment from World Liberty Financial (WFLI), enhancing compliance attractiveness. Currently, the circulating supply of USDf reaches $180 million, and the TVL is locked at $190 million, showing strong early adoption. $FF, as a governance token, provides proposal rights, parameter adjustments, and shares 30% of protocol fees through staking, allowing users to earn Miles points bonuses (160x in the first 7 days).
Multi-chain deployment (primarily BSC and ETH), technically emphasizing transparency and user returns. Risks include collateral volatility and regulatory uncertainty, but 70% of tokens locked up alleviates supply pressure. Fundamentals are solid, with a TVL/circulation ratio of 8.5 times, far exceeding peers, positioning itself as a dark horse in DeFi 2.0 and RWA integration.
2. Analysis of Issuance Volume: Community-oriented design under a fixed supply of 1 billion
$FF total supply is fixed at 1 billion tokens, with no inflation, initial circulation of 234 million tokens (23.4%). After TGE, the remaining 76.6% will be unlocked in phases: ecology 35%, foundation 32.2%, team and early 20%, community 8.3%, investors 4.5%. The community share is higher than average (8.3% vs. 5%), with a public offering target of $4 million exceeding 28 times. The team locks up for 4 years, investors for 3-12 months, with a presale price of $0.04, pre-market $0.28, implying a market value of $650 million. Compared to MKR (100 million supply), $FF's circulation is low, benefiting increases. The design focuses on 'supply-side reform', staking binds value, with a first-month circulation increase of <10%.
Allocation Category
Ratio (%)
Absolute Quantity (Million Tokens)
Unlocking Mechanism
Lock-up Status
Ecosystem
35
3500
Linear unlocking, 2-4 years
High
Foundation
32.2
3220
Operating dedicated, 3-year lock-up
Medium
Core team and early contributors
20
2000
4-year cliff + linear unlocking
High
Community airdrop and Launchpad
8.3
830
TGE immediate, includes 1.5% HODLer
Low
Investors
4.5
450
3-12 months, depending on lock-up period
Medium
Total
100
10000
-
Data source: AiCion
3. TVL Impact on Price Fluctuation Probability: The Double-Edged Sword of Liquidity Barometer
● TVL is a core metric in DeFi, with $FF currently at $190 million, USDf at $180 million, and a collateralization ratio >150%.
● TVL growth is positively correlated with price: Historical DeFi indices show that when TVL doubles, tokens rise by 45%.
● $FF TVL/market cap ratio of 0.3, significant potential.
4. Key Opinion Leader Insights: Overall Optimistic Consensus
Although there are differences in the evaluations of key opinion leaders (KOLs) on Falcon Finance ($FF), the overall sentiment is optimistic. @TopOFSui emphasizes that the $FF presale has achieved a 7x return, and the community airdrop and Launchpad (8.3% allocation) will stimulate participation, suggesting attention to short-term opportunities. RootData's weekly report views the $FF listing as a milestone this week, predicting that RWA linkage will amplify enthusiasm, with public offerings exceeding 28 times validating potential. @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 increases, supported by TVL exceeding $1.9 billion. Reddit users view $FF as a sustainable income opportunity and emphasize DeFi innovation. AInvest reminds about the risk of seed label volatility. The consensus is 'buy and hold', with an expected first-day increase of 20%-50%. Investors should DYOR to assess dynamics.
5. Conclusion
$FF listing ignites a new torch in DeFi. The listing of $FF is not only the realization of technology but also the starting point of the synthetic dollar wave. With solid fundamentals, refined issuance, high TVL, and KOL endorsements, the potential is enormous. Beware of unlocking and volatility, DYOR. Today at 13:00 UTC, a new star in DeFi sets sail!
