Falcon Finance establishes an Onchain insurance fund with an initial investment of 10 million USD

ChainCatcher message, the synthetic dollar protocol Falcon Finance announces the establishment of an Onchain insurance fund, aimed at enhancing transparency through structural guarantees, strengthening risk management, and providing protection for counterparties and institutional partners interacting with the protocol.

The fund has an initial capital of 10 million USD, with USD1 chosen by Falcon Finance as the first reserve currency, and other assets will be added in the future. At the same time, a portion of the protocol's fees will also be injected into the insurance fund to ensure that the fund expands with the development of the Falcon ecosystem, providing sustainable long-term protection for the ecosystem.