Glossary

A list of terms commonly used in Falcon's documentation and their corresponding descriptions.

Term	Description
Falcon Account	Falcon Account is a centralized account within Falcon’s CeDeFi platform, functioning as the secure off-chain repository for your asset deposits and locked collaterals.
USDf	USDf is an overcollateralized synthetic dollar minted by Falcon when users deposit eligible assets, such as stablecoins and non-stablecoin assets.
sUSDf	sUSDF is a yield-bearing token, minted when USDf is deposited into Falcon's vaults. Its value increases over time as it accrues yield.
ERC-4626	ERC-4626 is a standard used by Falcon to optimize and unify the technical parameters its USDf yield-bearing vaults.
ERC-721	ERC-721 introduces a standard for Non-Fungible Tokens (NFTs), and is used by Falcon to represent a user's unique locked positions.
Overcollateralization Ratio (OCR)	An overcollateralization ratio is a measure of the value of collateral pledged against the value of USDf minted, where the collateral's value exceeds the mint value.
Overcollateralization Buffer	An overcollateralization buffer refers to the surplus value between a user's total minted USDf and collateral that is kept as a cushion to absorb price volatility of the collateral asset.
Cooldown Period	The cooldown period refers to the time a user has to wait prior to receiving his assets, whether after a redemption or claim.