Falcon Finance has established an Onchain insurance fund, with an initial investment of 10 million USD.

On August 28, the synthetic dollar protocol Falcon Finance announced the establishment of an Onchain insurance fund, aimed at enhancing transparency and strengthening Risk Management through structured guarantees, as well as providing protection for counterparties and institutional partners interacting with the protocol. The fund has an initial investment of 10 million USD, with USD designated by Falcon Finance as the first reserve currency, and additional assets will be added in the future. At the same time, a portion of the protocol's transaction fees will also be injected into the insurance fund, ensuring the fund expands alongside the Falcon ecosystem, providing sustainable long-term protection for the ecosystem.