Falcon Finance and HOT Wallet Partner to Deliver Scalable On-Chain Yield and USDf Utility to Retail Users

4 2 minutes read

May 27th, 2025 – Dubai, UAE

Falcon Finance, a cutting-edge synthetic dollar protocol backed by DWF Labs, has recently announced a strategic partnership with HOT Wallet, a rapidly growing self-custody solution designed for retail crypto users.

This collaboration is aimed at integrating USDf, Falcon’s overcollateralized synthetic dollar, into the HOT Wallet ecosystem. This integration will provide users with easy access to staking, liquidity farming, and point-based rewards.

Since its launch in April 2025, Falcon Finance has achieved significant milestones, with over $350 million USDf circulating supply. The protocol prioritizes transparency and security, with reserves stored in MPC-based wallets and subject to quarterly third-party audits. Users can mint USDf by depositing various collateral assets such as USDT, USDC, ETH, BTC, SOL, TON, and NEAR.

Through this partnership, HOT Wallet users will have access to Falcon’s ecosystem, enabling them to engage in activities like:

Participating in Falcon’s “Falcon Miles” point program.

Trading USDf on decentralized exchanges and earning rewards based on trading volume.

Holding USDf within HOT Wallet to earn time-based farming rewards.

Providing liquidity in DeFi pools and receiving yield based on contributed liquidity.

Andrei Grachev, Managing Partner at Falcon Finance, stated, “Falcon’s goal is to establish the foundational infrastructure of crypto capital markets. By partnering with HOT Wallet, we can extend this vision to retail users on a large scale through a secure, high-trust interface. Together, we are providing structured yield, real utility for USDf, and a compliant pathway to access on-chain financial products.”

This integration is being spearheaded by Falcon Finance’s CTO, Andrey Zhevlyakov, a renowned Web3 developer and co-founder of HERE Wallet and FORA Vision. Zhevlyakov has played a crucial role in scaling HOT Wallet to over 30 million users and introducing core features like advanced swaps, collateralization, and intent-based trading.

Zhevlyakov commented, “Stablecoins are integral to the crypto industry today. USDf stands out as a fast, secure, and truly usable stablecoin. Our objective is to seamlessly integrate USDf across HOT Wallet’s entire ecosystem, from swaps to rewards, restaking, and farming.”

USDf will soon be featured in HOT Wallet’s Earn section, with functionalities for tracking balances, restaking, and swapping into other assets directly within the app.

To streamline compliance and onboarding processes, HOT Wallet will act as the staking front-end and KYC provider. This collaboration allows Falcon to offer up to 35% APY (combining cash and point-based rewards) for vaults exceeding $20 million in volume.

This partnership signifies a significant advancement in Falcon Finance’s strategy to expand its infrastructure across retail gateways, enabling scalable and modular access to synthetic dollar-based finance.

About Falcon Finance

Falcon Finance is a next-generation synthetic dollar protocol. USDf is an overcollateralized synthetic dollar backed by diversified crypto assets, designed for sustainable yield. With a focus on transparency, security, and institutional-grade risk management, Falcon Finance offers users industry-competitive yields across all market conditions. Learn more: https://falcon.finance/

About HOT Wallet

HOT Wallet is a next-gen self-custodial crypto wallet that simplifies Web3 interactions, making them secure and accessible. Available on mobile, browser, and Telegram, HOT Wallet supports swaps, bridges, staking, NFTs, and more across 140+ blockchains. Powered by MPC with 2FA and recoverable keys, HOT Wallet combines top-tier security with a seamless, intuitive user experience. HOT Wallet’s chain abstraction feature enables users to interact with multiple networks effortlessly, including paying gas fees in different tokens, eliminating the hassle of managing native assets across chains. Learn more: https://hot-labs.org/