Falcon Finance has introduced its $FF governance token, a central element in its revised whitepaper and strategic plan. The token, capped at a total supply of 10 billion, will see 2.34 billion units distributed at the initial token generation event (TGE). Token holders will be able to vote on protocol changes and enjoy staking perks, such as better minting conditions for USDf/sUSDf, lower haircut rates, and decreased swap fees. The whitepaper details a dual-token structure: USDf/sUSDf deliver stable liquidity, while $FF decentralizes governance and encourages long-term user involvement.
According to the tokenomics model, 35% of $FF is dedicated to ecosystem expansion, 32.2% goes to the FF Foundation, 20% is reserved for the core team and contributors, 8.3% is set aside for community airdrops and launchpad events, and 4.5% is allocated to early backers. The FF Foundation, functioning as an independent governance entity, will manage token releases and distributions to maintain transparency and keep protocol development separate from day-to-day operations. Community allocations are designed to reward early supporters, including those active in the Falcon Miles Program and Kaito Yap2Fly campaign, for their ongoing participation.
Staking $FF unlocks opportunities for higher yields, such as enhanced returns on USDf/sUSDf staking, and grants exclusive access to features like delta-neutral yield vaults and specialized minting options. The token’s structure is intended to align user and ecosystem interests, with staking incentives and governance roles supporting decentralized decision-making. Falcon Finance currently boasts a total value locked (TVL) of $1.9 billion, with $1.8 billion in USDf circulating supply.
The development roadmap features plans for expanding fiat onramps in major international markets in Q4, enabling gold redemption in the UAE, and incorporating tokenized T-bills and real-world assets (RWAs). By 2026, the protocol aims to launch an RWA engine to tokenize corporate bonds, treasuries, and private credit, opening up new yield options for $FF and sUSDf stakers. This growth highlights Falcon Finance’s commitment to connecting on-chain and traditional finance, offering yield-generating liquidity to both institutional and retail participants.
As a synthetic dollar protocol, Falcon Finance seeks to build a universal collateral system that transforms custody-ready assets—including digital tokens and RWAs—into USD-pegged liquidity on-chain. This model allows institutions and protocols to tap into stable, yield-generating liquidity from their existing assets, positioning Falcon Finance as a strong contender in the expanding DeFi and tokenized asset sectors. The launch of the $FF token represents a significant move toward decentralized governance and strengthens the protocol’s base for future expansion.