I haven't looked at it for a while, but I found that Falcon's stablecoin USDf has also exceeded 1 billion in size. I have always felt that USDf is like a profitable version of USD1 WLFI investment, like USD1, initially supports Ethereum and BSC; DWF trading generates profits from fund fee arbitrage, cross exchange arbitrage, and on chain returns, with an annualized rate of approximately 9%; Pledge is the only way to enjoy profits, with a pledge rate of~30% The casting method of USDf is quite interesting, open to retail investors, and supports the use of some counterfeit assets as collateral for casting, such as TRUMP DOLO MOVE SEI, most of which are assets supported by WLFI. The richness of collateral assets makes it more convenient for DWF to operate and generate profits Upon closer inspection, there are quite a few large address mints that lie down after completion, such as a net minting of 410 million USDf on July 28th (accounting for over one-third of the total), which was driven by a few large address mints and is still in the wallet today. This may also be a form of discount for individual customers. After all, with over a billion USDf, even if historical holders are included, the scale is only 6k+ . At present, the supported protocols for USDf include Pendle, Morpho, Euler, and some DEX, and the distribution channels still need to be expanded It's not easy, I've been dragging it out for a long time, and finally tonight I'm here to fill in the data: https://(due. com)/kucoinventures/usdf