📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
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.