📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Falcon USD stablecoin depeg, Liquidity and Collateral quality raise concerns
According to ChainCatcher news and Cointelegraph report, the over-collateralized stablecoin Falcon USD (USDF) issued by the DeFi protocol Falcon Finance fell below the $1 peg on July 9, hitting a low of $0.9783. Data shows that the on-chain liquidity of this stablecoin has dropped to $5.51 million, shrinking by over 80% from its peak. Andrei Grachev, managing partner of Falcon Finance, responded that 89% of the USDF collateral is stablecoins and Bitcoin, with an over-collateralization rate of 116%. However, the DeFi research organization LlamaRisk reported that the project team has unilateral management rights over the collateral assets and that there is a risk of over-issuance.