📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Falcon USD stablecoin depeg, Liquidity and Collateral quality raise concerns
According to ChainCatcher news and Cointelegraph report, the over-collateralized stablecoin Falcon USD (USDF) issued by the DeFi protocol Falcon Finance fell below the $1 peg on July 9, hitting a low of $0.9783. Data shows that the on-chain liquidity of this stablecoin has dropped to $5.51 million, shrinking by over 80% from its peak. Andrei Grachev, managing partner of Falcon Finance, responded that 89% of the USDF collateral is stablecoins and Bitcoin, with an over-collateralization rate of 116%. However, the DeFi research organization LlamaRisk reported that the project team has unilateral management rights over the collateral assets and that there is a risk of over-issuance.