Falcon Finance's PT-sUSDf Token Listed on Morpho's DeFi Lending and Borrowing Protocol

Synthetic dollar protocol Falcon Finance has announced that its Pendle token PT-sUSDf has been listed on Morpho's DeFi lending and borrowing protocol.

Dubai, United Arab Emirates, May 20th, 2025, Chainwire

Falcon Finance, the synthetic dollar protocol, today announced that its Pendle token PT-sUSDf has been listed on Morpho, the DeFi lending and borrowing protocol.

This integration allows users to either supply sUSDf as collateral or borrow USDC or USDf while earning yield from Falcon. It follows the recent addition of USDf and sUSDf as collateral types on Morpho.

Curated with the support of DeFi specialist Re7 Labs, PT-sUSDf is a Pendle Principal Token (PT) that represents the principal portion of the yield-bearing sUSDf. This allows it to be used in DeFi protocols while still earning its holder yield on the sUSDf staked in Falcon.

Two vaults on Morpho have been programmed by Re7 Labs with a September 25 expiry date for USDC and USDf respectively. Users can simply select the desired vault based on the stablecoin they wish to borrow. Borrowed USDC can be used for trading or to participate in other DeFi activities, while borrowed USDf can be looped through Falcon to increase the total capital available for yield generation.

The launch of PT-sUSDf on Morpho supports Falcon’s goal of making its synthetic dollar a multi-purpose stablecoin with broad utility across the onchain landscape.

Currently running in closed beta, Falcon Finance’s synthetic dollar protocol has a TVL of more than $411M and is providing an APY on sUSDf of 9.9% at present. Its protocol is designed to capture yield obtained from sources including basis spread, funding rate, and advanced risk-adjusted strategies. This allows Falcon to offer attractive returns to DeFi users while operating within a secure, institutional-grade framework.

At present, Falcon’s closed beta is accessible by whitelisted institutional participants and retail users with a full public launch set to follow. The open release will allow verified users to generate yield both on Falcon and on other DeFi protocols by leveraging the growing number of use cases for USDf and its yield-generating analog sUSDf.

About Falcon Finance

Falcon Finance is a next-generation synthetic dollar protocol. Preserving users’ multi-assets with industry competitive yields across any market conditions, it sets a new standard in the industry, along with transparency, security, and institutional-grade risk management. Learn more: https://falcon.finance/

About Morpho

Morpho is a decentralized protocol enabling the overcollateralized lending and borrowing of crypto assets on EVM networks. Each Morpho market is isolated ensuring that risks are contained within each individual market. This design ensures predictable behavior and eliminates systemic risk for lenders and borrowers. With more than $4B in TVL, Morpho is a leading DeFi lending and borrowing protocol.

Learn more: https://app.morpho.org/

Contact

Managing Partner

Andrei Grachev

[email protected]