Yap2Fly: Proof of Usage (Miles) + Proof of Mindshare (Kaito)

Falcon’s universal collateral infrastructure is climbing higher, with USDf’s circulating supply now at $1.5 billion. Our rewards program, Yap2Fly, is rising alongside it.

In August, we launched Yap2Fly with Kaito, a campaign that blends social mindshare and product usage into one leaderboard. With September’s refresh, new participants have a real shot to climb the ranks and claim rewards.

In a recent broadcast hosted by Wale with Ruthy, Fiona from Falcon Finance broke down everything you need to know.

Falcon Finance: Building the First Universal Collateral Infrastructure

Falcon Finance is more than a synthetic dollar project. We are building a universal collateralization infrastructure that transforms any custody-ready asset, from stablecoins, BTC, ETH, and SOL to select altcoins and RWAs like gold, into USD-pegged liquidity.

At the core is USDf, our synthetic dollar. Circulating supply has now reached $1.5B, with Falcon’s TVL topping $1.6B.

Unlike other synthetic dollars that rely solely on positive funding rate arbitrage, Falcon employs a multi-strategy yield engine that includes:

• Positive and negative funding rate arbitrage
• Cross-exchange price arbitrage
• Native altcoin staking and DEX LPs

This is how Falcon bridges onchain and off-chain finance to deliver competitive, sustainable yields for institutions, protocols, and retail users.

What is Yap2Fly?

Yap2Fly is our joint campaign with Kaito, built around a simple formula:
your mindshare + your onchain activity = rewards

• Onchain: Every action on Falcon, including minting USDf, staking, LPing, joining money markets, and yield tokenization, earns you Miles, our point system.
• Social: Kaito’s Mindshare engine tracks how far your Falcon insights spread on X, rewarding originality and real impact, not spam.

Both sides feed into the Yap2Fly leaderboard. Each month, the Top 50 split a 50,000 USDf prize pool, claimable immediately after the monthly snapshot. Beyond that, the Top 200 and Kaito stakers also qualify for a Special Rewards pool that pays out at the end of the campaign.

Why Hybrid Scoring Matters

Most campaigns fall into one of two traps:

• Focus only on social activity, which ends up rewarding spammers and vanity metrics
• Focus only on capital, which means only whales have a chance

Yap2Fly avoids both. Miles measure how people actually use Falcon, while Mindshare measures the impact of what they share socially. Put together, the system creates a fairer and more engaging scoreboard that drives both adoption and storytelling.

August Recap: Diversity of Winners

August proved the concept. The Top 50 claimed their share of 50K USDf, and what stood out was the diversity:

• Some leaned on big social reach.
• Others consistently LPed or staked.
• Many blended both sides.

This mix ensured not just whales or influencers topped the board, but contributors across the spectrum.

September Refresh: Mindshare Takes the Lead

To keep the playing field fair, September shifts the ratio to 80% Mindshare and 20% Miles.

This change means new yappers can join now and still compete with early participants by creating high-quality Falcon content. The 50,000 USDf monthly prize pool continues, rewarding the Top 50.

Pro tip: onchain actions still matter. High multipliers include:

• DEX LPs: up to 40× Miles daily
• Money markets and yield tokenization (Pendle, etc.): up to 60× Miles
• Simply holding USDf: 6× Miles daily

Combine these actions with strong yapping on X and you will climb the leaderboard.

Special Rewards Pool: Unlock More with Badges

Beyond the monthly rewards, the Special Rewards pool at the end of the campaign uses a step-by-step unlock system:

• 40% unlocked just by qualifying (Top 200 on the Yap2Fly leaderboard or a Kaito staker)
• +20% with 3 Bronze badges
• +20% with 4 Silver badges, on top of the Bronze
• +20% with 4 Gold, Diamond, or Legendary badges, on top of the Bronze and Silver

Collecting badges is not only fun, but also the key to unlocking the full 100% of Special Rewards.

Easy starter badges:

• "Falcon Fledgling": buy and hold 100 USDf for 14 days
• "Friendly Falcon 1": refer 3 friends
• "Mile High Club 1": reach 150,000 Miles, which is very achievable with the current multipliers

How to Get Started

1. Get USDf on Uniswap, Curve, or PancakeSwap.
2. Hold it. Even passively, you will earn 6× Miles daily.
3. Level up by providing LPs (up to 40× multipliers) or exploring Pendle and money markets (up to 60×).
4. Track your progress in the Miles dashboard and Yap2Fly leaderboard, which update daily.

Looking Ahead

Falcon’s momentum is accelerating:

• Monthly Yap2Fly continues with 50K USDf rewards
• Special Rewards at campaign end for both Top 200 participants and Kaito stakers
• On the global stage, Falcon is heading to Korea Blockchain Week and Token2049 Singapore to showcase progress and our roadmap toward building the first universal collateral infrastructure
• On the product side, expect deeper DeFi integrations, and new collateral options

Final Word

As Wale put it best: “Start now and be consistent. With Mindshare weighted more, fresh entrants have a shot. But don’t neglect Miles. Combine both, collect badges, have fun, and secure your place when rewards drop.”

Take flight now. 🦅