Fira
Fira is a lending and borrowing protocol specialized in facilitating permissionless fixed-rate markets onchain. Lock Rates, Sell yield.
- Category
- DeFi & Yield
About Fira
Fira is a lending and borrowing protocol designed for permissionless fixed-rate markets onchain. It introduces maturity-based credit as a native primitive to provide fixed and variable rates for onchain strategies.
The protocol enables users to lock borrowing costs or sell yield across defined maturities, providing predictability for borrowing costs and earning outcomes.
Key features
- Bond Tokens represent a claim on principal at maturity and trade at a discount before redeeming at maturity.
- Coupon Tokens represent the yield portion of a position and accrue interest over time.
- FiraWrapped tokens standardize yield-bearing collateral assets across Fira markets.
- Fixed Vaults allow users to lock in a guaranteed rate until maturity or provide liquidity in Flex Mode.
- Variable Vaults allow users to supply assets and earn floating yield with no lockups or maturity dates.
- Fira operates as independent market instances, each with distinct parameters and risk profiles.
What it is used for
- Deposit collateral into a Fira market to borrow at a locked fixed rate.
- Sell yield upfront by utilizing Coupon Tokens.
- Execute cash and carry strategies by borrowing at a fixed rate and deploying into higher-yielding sources.
What it does
Who it is for
Kind of tool
- Exchange
Platforms
- Web
Things to know
- The protocol contracts undergo audits, maintain a bug bounty, and utilize immutable interest rate contracts.
Official channels
Follow these, not look-alikes: each is linked from Fira’s own website or confirmed by its team.
- X (opens in a new tab)Verified from fira.money, checked November 8, 2026
Verification and freshness
- Not verified yet.
- Last updated on November 8, 2026.
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