I've seen far too many people get overwhelmed by the Falcon Miles hype—over-interpreting it, fearing it's a scam, or mistaking it for some secret cryptocurrency hack. Let's cut to the chase: it's simply a rewards program. Yes, it may seem complex at first glance, but the core idea is remarkably simple: Falcon tracks your beneficial activities on and around its app and awards you "miles" based on the value you create. Think of miles like airline credits—they reflect your activity, not some mysterious token or shortcut to quick riches.
Let's start with the basics: What exactly are Falcon Miles? Essentially, it's a points system based on real-world value. You do things—minting USDF, staking assets, adding liquidity to a pool, trading, using the money market, tokenizing earnings, inviting friends, or even completing simple social tasks—and the system converts these actions into corresponding dollar value. Then, it multiplies that dollar value by a "multiplier." The higher the multiplier, the more miles you earn for the same amount of cash. That's the whole calculation—no hidden formulas, no weird loopholes.
Let's illustrate this with an example, as numbers make it easier to understand. Suppose you take out $5,000 worth of US dollars and put it into the staking option. Assume the staking multiplier for the day is 4x. Then, the miles you earn through this staking will be $5,000 x 4 = 20,000 miles. Very simple and straightforward. Here's a key point (but also a clever design): Falcon "snapshots" your balance at the end of each day and then credits the miles to your account the following day. While not updated in real time, the calculation is always consistent—you can easily check your daily balance to ensure the calculation is correct.
So, what's the point of these multipliers? After all, it's still in the trial phase, right? Therefore, Falcon uses multipliers to guide user behavior. Actions more helpful to the protocol—such as locking up liquidity for longer periods or staking for months instead of days—earn higher multipliers. Simpler actions, like simply holding USDF in your wallet, earn higher multipliers. Lower multipliers are awarded. This is a way to reward ecosystem-building behavior without hiding rules in confusing spreadsheets. You always know which actions will earn you more Miles.
Let's break down the main ways to earn Miles—no obscure jargon, just facts:
- Minting, Holding, and Staking USDf: Create USDf (Falcon's synthetic dollar), keep it in your wallet, or stake it to earn sUSDf (yield version). The longer you hold or stake, the higher your multiplier tier—so your investment pays off.
- Providing Liquidity and Trading: Add USDf to supported DEX pools (like Uniswap or SushiSwap) or trade USDf trading pairs. Your contributions will be counted in real dollars, and if you're an early liquidity provider? You might even earn "retrograde Miles" for support provided before the pilot began.
- Money Markets: If you provide assets to Falcon-compatible lending protocols (like Aave or Compound), the system will denominate them in dollars daily. These lending positions simply run quietly and earn Miles. - Earnings Tokenization: Holding earnings tokens (such as those earned through staking or lending) or one-sided earnings assets? The system will convert them to USD value and multiply them—easily earn Miles points with no additional investment.
- Referral Rewards: Invite friends using your exclusive link (friends must be new users!), and you'll receive a portion of their Miles earnings. Even better: you can set a "rebate percentage" to share a portion of your referral rewards with your friends. A win-win situation.
- Social Tasks: Perfect for beginners. Follow Falcon on Twitter, join Discord, or share announcements—these small things can help you easily get started with Miles points. The rewards aren't high, but it's a zero-risk way to learn the system.
The daily snapshot rule isn't just for record-keeping—it's to prevent people from exploiting loopholes. "Fast deposit/withdrawal" operations are prohibited: You can't deposit $10,000 at 11 PM, take a snapshot, and then withdraw and retain the Miles at 12:01 AM. Falcon also reserves the right to reclaim miles or ban accounts attempting to cheat—so this isn't a place for rampant cheating. Follow the rules, and you'll participate smoothly.
Who is this program for? If you're already staking assets, providing liquidity, or using yield platforms, miles are simply an additional reward for your existing activities. If you're new to DeFi, social tasks and the basic "mint USDF and hold" operation can easily get you started without complicated strategies. Either way, the system rewards genuine effort and contribution—no favoritism, no hidden traps.
Friendly reminder: This is a pilot project. This means things are subject to change. Multipliers may increase or decrease, some activities may no longer qualify, and new platforms may be added. The good news? All rules are public and based on a formula—so when the rules change, you'll know exactly why and how they will affect your miles. Falcon is currently just continuously refining the existing mechanisms.
In short: Falcon Miles is a straightforward pilot phase rewards program. It measures the actual economic value of your actions (in US dollars), multiplies it by a clear numerical value, and then rewards you with points. The program aims to encourage actions that enhance the Falcon ecosystem while ensuring users can easily understand it.If you want to join







