Falcon Finance Establishes Onchain Insurance Fund, with Initial $10 Million Investment

BlockBeats News, August 28th, the Synthetic USD protocol Falcon Finance announced the establishment of an Onchain Insurance Fund, aiming to enhance transparency, strengthen risk management, and provide protection for counterparties and institutional partners interacting with the protocol through structured coverage.

The fund has an initial contribution of $10 million USD, with USD 1 selected by Falcon Finance as the first reserve currency, and will add other assets 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.