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Falcon Finance, the leading synthetic dollar protocol, has unveiled a new Transparency Dashboard designed to provide full transparency into the assets backing USDf.
The dashboard provides users with vital information, including a detailed breakdown of USDf reserves by asset type, custody provider, and the percentage held on-chain. Auditor HT Digital has independently verified it.
Already, the dashboard has revealed that Falcon holds a total reserve of $708 million. The data indicate that there are sufficient assets held in custody to cover the circulating supply of USDf, as the current USD over-collateralization ratio stands at 108%.
Other detailed information revealed by the dashboard includes the composition of the assets Falcon holds in reserve, which comprises $431M of BTC and $96M of stablecoins, as well as the remaining amount of $190M, which includes various altcoins and non-crypto assets.
 
As it was designed to demonstrate Proof of Reserves and provide users with transparency into Falcon’s operations, the dashboard is updated regularly to display the latest metrics concerning its stablecoin protocol.
Users will also see a graph detailing the custodians holding them, which include Ceffu and Fireblocks, with the remainder held on-chain. They can also view the full value of assets held by each custodian, providing 100% transparency into all the reserves Falcon has on hand.
The Falcon Finance’s new Transparency Dashboard also displays the total supply of sUSDf, the yield-bearing version of the stablecoin, which provides stakers with a variable APY of 12.8%. The current supply of sUSDf stands at 289 million, indicating that approximately 44% of all USDf is presently staked.
According to the details, Falcon holds BTC, stablecoins, and altcoins as its primary assets, in addition to smaller quantities of ETH and SOL, as well as $ 100,000 of tokenized T-bills that are custodied with Fireblocks.
Also to ensure the highest level of transparency, Falcon has committed to publishing quarterly reports that are independently audited, providing public attestation of the reserves it holds to give even greater insights into its financial management.
The new dashboard is accessible to both Falcon users and third parties, and it can be viewed on the website here.
Source: https://zycrypto.com/falcon-finance-brings-full-transparency-into-usdf-reserves-with-new-dashboard/