Falcon Finance launches SPYx staking vault, with SPYx pegged to the tokenized S&P 500 index

Foresight News reports that Falcon Finance has expanded its staking vault product line by launching the SPYx staking vault, allowing users to earn additional yields while holding on-chain tokenized exposure to the S&P 500 Index.

The expected annual percentage rate (APR) for this vault is 3% (variable), with the reward token being USDf (Falcon’s synthetic dollar). The underlying asset is SPYx (tokenized SPDR S&P 500 ETF), and the lock-up period is 180 days. Falcon Finance currently accepts deposits on Solana and plans to expand to the Ethereum ecosystem as demand grows.