Expanding Pilot Season with Greater DeFi Miles
July 10, 2025

Since Falcon Miles launched, Pilot Season was always meant to go further. From the start, we moved beyond basic actions on the Falcon app, adding Miles for DEX liquidity and referrals. Now, we’re expanding again, bringing Falcon Miles deeper into the DeFi ecosystem. This rollout focuses on protocols that best support the growth of Falcon’s yield-bearing synthetic dollars, extending Miles into yield tokenization and money markets.
USDf and sUSDf were built to move easily across DeFi. They’re designed to be composable, flexible, and ready to plug into lending markets and yield strategies. With them, you can access high-efficiency returns, borrow with leverage, and loop to boost your gains.
Phase 1 Protocols & Multipliers
With this in mind, we’re launching Greater DeFi Miles in two phases. With so much ground to cover across DeFi, this approach helps us grow thoughtfully while honoring the users and protocols that have helped shape Falcon’s flight.
The first phase includes Pendle, Morpho, Spectra, Napier, and Euler. These are the protocols where our earliest users first put their USDf and sUSDf to work. Whether through yield tokenization, borrowing, or leverage strategies, they helped Falcon users stretch their dollars and unlock more from DeFi. We're in the early adopter phase now, which means higher multipliers for early movers.

As always, if you’ve been active in the Falcon ecosystem, you’ll be rewarded. Retroactive Miles will be distributed to you automatically, no action needed. Just open the Falcon Miles page to see your updated totals.
What’s Ahead for Falcon Miles
This expansion also sets the stage for what’s ahead. With deeper DEX liquidity, stronger engagement in money markets, and growing use across yield tokenization platforms, Falcon is becoming more embedded in DeFi every day. And with each phase of Pilot Season, we’ll keep rewarding those who are building alongside us.
Greater DeFi Miles is now live. The protocols are set. The flight path is open. If you’ve helped push USDf forward, your Miles will show it.
Pilot Season continues. The flock grows stronger.