Falcon Finance and HOT Wallet Partner to Deliver Scalable On-Chain Yield and USDf Utility to Retail Users
Dubai, UAE, May 27th, 2025, Chainwire
Falcon Finance, the next-generation synthetic dollar protocol backed by DWF Labs, has announced a strategic integration with HOT Wallet, a rapidly growing self-custody solution tailored for retail crypto users. This partnership aims to embed USDf, Falcon’s overcollateralized synthetic dollar, into HOT Wallet’s ecosystem, providing users with seamless access to staking, liquidity farming, and point-based rewards.
Since its public launch in April 2025, Falcon Finance has achieved significant milestones, including surpassing $350 million in USDf circulating supply. The protocol emphasizes transparency and security, with reserves secured in MPC-based wallets and subject to quarterly third-party attestations. Users can mint USDf by depositing a wide range of collateral, including USDT, USDC, ETH, BTC, SOL, TON, and NEAR.
Through this collaboration, HOT Wallet users will gain access to Falcon’s ecosystem, enabling activities such as:
- Participating in Falcon’s “Falcon Miles” point program.
- Trading USDf on decentralized exchanges, earning rewards based on trading volume.
- Holding USDf within HOT Wallet, accruing time-based farming rewards.
- Providing liquidity in DeFi pools, receiving yield proportional to liquidity contributed.
“Falcon’s mission is to build the foundational rails of crypto capital markets. Partnering with HOT Wallet allows us to extend this vision to retail users at scale through a secure, high-trust front end,” said Andrei Grachev, Managing Partner at Falcon Finance. “Together, we’re delivering structured yield, real utility for USDf, and a compliant path to access on-chain financial products.”
This integration is being led by our CTO, Andrey Zhevlyakov, a recognized Web3 builder and co-founder of HERE Wallet and FORA Vision. Since taking over as Head of Engineering in 2024, Andrey has played a key role in scaling HOT Wallet to over 30 million users and pioneering core features such as advanced swaps, collateralization, and intent-based trading.
“Stablecoins are one of the most critical building blocks in crypto today,” says Zhevlyakov. “USDf stands out as a fast, secure, and truly usable stablecoin. Our goal is to 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 support for tracking balances, restaking, and swapping into other assets — all directly inside the app.
To streamline compliance and onboarding, HOT Wallet will serve as the staking front-end and KYC provider. This arrangement enables Falcon to offer up to 35% APY (combining cash and point-based rewards) for vaults exceeding $20 million in volume.
This partnership marks a significant step in Falcon Finance’s strategy to expand its infrastructure across retail gateways, facilitating scalable, 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, built for sustainable yield. Preserving users’ multi-assets with industry competitive yields across any market conditions, it sets a new standard in the industry, along with transparency, security, and institutional-grade risk management. Learn more: https://falcon.finance/
About HOT Wallet
HOT Wallet is a next-gen self-custodial crypto wallet that makes Web3 simple, secure, and accessible. Available on mobile, browser, and Telegram, it 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 smooth, intuitive experience. HOT Wallet is built around chain abstraction, allowing users to interact with multiple networks seamlessly — including the ability to pay gas fees in different tokens, removing the friction of constantly managing native assets across chains. Learn more: https://hot-labs.org/
