Falcon Finance deploys deposited collateral into delta-neutral trading strategies (funding rate arbitrage, cross-exchange arbitrage, options, statistical arbitrage) to generate yield for sUSDf holders.

Falcon Finance is a synthetic dollar protocol that issues USDf, an overcollateralized stablecoin backed by collateral managed through delta-neutral hedging strategies. Users stake USDf into sUSDf to earn yield.

Falcon Finance team, founded by Andrei Grachev (co-founder of DWF Labs). Investors include DWF Labs, World Liberty Financial, M2, Monarq.

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Falcon Finance

# Falcon Finance Revenue Methodology

## 1. Overview

Revenue measures the value retained by Falcon Finance from staking activities and yield distributions. All earnings generated from NFT staking and Falcon USD distributions to the staking rewards distributor are classified as revenue. This metric is utilized to assess the protocol's income generated from its core products, including Falcon USD and Falcon Finance sUSDf, prior to the deduction of token incentives or operating expenses.

## 2. Data sources

- **Blockchain events**: `FeesCollected` events from `FalconPosition` contracts and ERC-20 token transfers of Falcon USD, covering Ethereum
- **External data**: End-of-day price feeds for Falcon USD and Falcon Finance sUSDf

## 3. Step-by-step calculation

### Component A: NFT staking yield extraction

- **Purpose**: Captures yield generated through the NFT staking participant layer.
- **Logic**: Yield is extracted from `FeesCollected` events emitted by `FalconPosition` contracts. These amounts are recorded in Falcon Finance sUSDf shares and are associated with the Falcon USD product. Only non-removed event logs are included in the aggregation.
- **Key fields**: `amount` (quantity of shares), `block_timestamp` (timing).

### Component B: Falcon Finance sUSDf staking rewards tracking

- **Purpose**: Tracks Falcon USD yield distributed to the staking rewards system.
- **Logic**: ERC-20 token transfers of Falcon USD are monitored. Specifically, transfers where the recipient address matches the designated staking rewards distributor are captured. This volume represents the value flowing into the staking rewards infrastructure for Falcon Finance sUSDf holders.
- **Key fields**: `amount` (transfer value), `to_address` (distributor identification).

### Component C: Normalization and USD conversion

- **Purpose**: Convert native share and asset amounts into a standardized USD valuation.
- **Logic**: Amounts from both NFT yield and reward transfers are normalized by decimal precision. These normalized values are multiplied by the respective end-of-day price feeds for Falcon USD or Falcon Finance sUSDf. Total revenue is calculated as the sum of these components, with daily values aggregated based on UTC day boundaries. Zero-filling is applied to ensure a continuous time series across the covered timeframe.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

Falcon FinanceFF

Revenue

Revenue

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