Fixed Rates

Fixed Rates

Fixed Rates

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onchain

onchain

onchain

Fixed-rates lending and borrowing, onchain.


Lock rates. Sell yield. Exit anytime.

Fixed-rates lending and borrowing, onchain.


Lock rates. Sell yield. Exit anytime.

TVL

$0

$0

$0

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Onchain credit RUNS

on floating rates.

Most markets reprice constantly without defined maturities. That makes borrowing costs unpredictable, turns yield into a moving target, and forces treasuries to operate without visibility.

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Onchain credit RUNS

on floating rates.

Most markets reprice constantly without defined maturities. That makes borrowing costs unpredictable, turns yield into a moving target, and forces treasuries to operate without visibility.

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Onchain credit RUNS

on floating rates.

Most markets reprice constantly without defined maturities. That makes borrowing costs unpredictable, turns yield into a moving target, and forces treasuries to operate without visibility.

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Onchain credit RUNS

on floating rates.

Most markets reprice constantly without defined maturities. That makes borrowing costs unpredictable, turns yield into a moving target, and forces treasuries to operate without visibility.

/ Floating-rate CREdIT

powers liquidity

They adjust with utilization and market conditions.
They keep capital moving, but never commit to an outcome.

/ Floating-rate CREdIT

powers liquidity

Permissionless fixed-rate markets across assets and maturities, powered by coupon tokens.

/ Floating-rate CREdIT

powers liquidity

They adjust with utilization and market conditions.
They keep capital moving, but never commit to an outcome.

/ Floating-rate CREdIT

powers liquidity

Permissionless fixed-rate markets across assets and maturities, powered by coupon tokens.

/ Fixed-rates markets

lock outcomes

Borrowing and earning outcomes are known in advance.
Positions are built around time horizons.

/ Fixed-rates markets

lock outcomes

Borrowing and earning outcomes are known in advance.
Positions are built around time horizons.

/ Fixed-rates markets

lock outcomes

Borrowing and earning outcomes are known in advance. Positions are built around time horizons.

/ Fixed-rates markets

lock outcomes

Borrowing and earning outcomes are known in advance.
Positions are built around time horizons.

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fixed & variable

RATE markets

Fixed and variable rates for lending and borrowing, structured for strategies that need certainty.

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fixed & variable

RATE markets

Fixed and variable rates for lending and borrowing, structured for strategies that need certainty.

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fixed & variable

RATE markets

Fixed and variable rates for lending and borrowing, structured for strategies that need certainty.

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fixed & variable

RATE markets

Fixed and variable rates for lending and borrowing, structured for strategies that need certainty.

Lend

Borrow

/ FIXED VAULTS

Lock in a guaranteed rate until maturity, or provide liquidity to the rate market in Flex Mode. Two modes, one vault.

AVG. APR

5.8%

TERM

30-120d

EXIT

Instant

/ VARIABLE VAULTS

Supply assets and earn floating yield. Rates adjust with market demand - no lockups, no maturity dates

AVG. APR

5.8%

LOCKUP

None

EXIT

Instant

Lend

Borrow

/ FIXED VAULTS

Lock in a guaranteed rate until maturity, or provide liquidity to the rate market in Flex Mode. Two modes, one vault.

AVG. APR

5.8%

TERM

30-120d

EXIT

Instant

/ VARIABLE VAULTS

Supply assets and earn floating yield. Rates adjust with market demand - no lockups, no maturity dates.

AVG. APR

5.8%

LOCKUP

None

EXIT

Instant

Lend

Borrow

/ FIXED VAULTS

Lock in a guaranteed rate until maturity, or provide liquidity to the rate market in Flex Mode. Two modes, one vault.

AVG. APR

5.8%

TERM

30-120d

EXIT

Instant

/ VARIABLE VAULTS

Supply assets and earn floating yield. Rates adjust with market demand - no lockups, no maturity dates.

AVG. APR

5.8%

LOCKUP

None

EXIT

Instant

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Built for

real strategies

Fixed rates unlock positions that floating markets can't support.

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Built for

real strategies

Fixed rates unlock positions that floating markets can't support.

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Built for

real strategies

Fixed rates unlock positions that floating markets can't support.

FEATURED

FEATURED

/ Cash & Carry

WITH FIXED RATES

Borrow at a fixed rate, deploy into a higher-yielding source. The spread is locked at entry — no rate risk for the duration.

Borrow at a fixed rate, deploy into a higher-yielding source. The spread is locked at entry — no rate risk for the duration.

No repricing / Minimal monitoring / Known outcome.

No repricing / Minimal monitoring / Known outcome.

Delta-Neutral Yield

Hedge directional exposure while earning yield on both legs. Fixed rates make P&L predictable from day one.

Treasury-Grade Planning

Borrow at a fixed cost to fund operations. No rate spikes, no surprises. Plan around known liabilities.

Rate Market LP

Provide liquidity to Fixed Vaults in Flex Mode. Earn from rate market activity without a single maturity lockup.

Lock your borrowing cost and capture the spread. Floating lending markets constantly reprice, making carry trades fragile.

Fira’s fixed-rate markets remove this uncertainty. Borrow once, deploy capital, and hold the position to maturity.

Powered By

Borrow cost

4.2%

yield source

7.8%

rate type

Fixed · 90d

RATE EXPOSURE

Hedged

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Cash & Carry

3.6

%

Net Spread · Locked at Entry

Lock your borrowing cost and capture the spread. Floating lending markets constantly reprice, making carry trades fragile.

Lock your borrowing cost and capture the spread. Floating lending markets constantly reprice, making carry trades fragile.

Fira’s fixed-rate markets remove this uncertainty. Borrow once, deploy capital, and hold the position to maturity.

Fira’s fixed-rate markets remove this uncertainty. Borrow once, deploy capital, and hold the position to maturity.

Powered By

Borrow cost

4.2%

4.2%

yield source

7.8%

7.8%

rate type

Fixed · 90d

Fixed · 90d

RATE EXPOSURE

Hedged

Hedged

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Cash & Carry

3.6

3.6

3.6

%

%

%

Net Spread · Locked at Entry

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audited

SMART CONTRACTS

Fira smart contracts has been audited 6 times by independent security firms as part of the launch process.

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audited

SMART CONTRACTS

Fira smart contracts has been audited 6 times by independent security firms as part of the launch process.

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audited

SMART CONTRACTS

Fira smart contracts has been audited 6 times by independent security firms as part of the launch process.

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audited

SMART CONTRACTS

Fira smart contracts has been audited 6 times by independent security firms as part of the launch process.

BUG BOUNTY PROGRAM

$7,500,000

$7,500,000

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THE ONCHAIN

YIELD CURVE.

Fira provides the infrastructure for a yield curve and plans to develop this layer further. That curve is usable directly by users, and composable by protocols building vaults, strategies, or structured products.

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THE ONCHAIN

YIELD CURVE.

Fira provides the infrastructure for a yield curve and plans to develop this layer further. That curve is usable directly by users, and composable by protocols building vaults, strategies, or structured products.

/

THE ONCHAIN

YIELD CURVE.

Fira provides the infrastructure for a yield curve and plans to develop this layer further. That curve is usable directly by users, and composable by protocols building vaults, strategies, or structured products.

/

THE ONCHAIN

YIELD CURVE.

Fira provides the infrastructure for a yield curve and plans to develop this layer further. That curve is usable directly by users, and composable by protocols building vaults, strategies, or structured products.

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WHAT COMES

NEXT

Fira starts with fixed-rate markets on core assets. Next comes deeper liquidity, more maturities, and integrations that turn fixed rates into a base layer for DeFi.

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WHAT COMES

NEXT

Fira starts with fixed-rate markets on core assets. Next comes deeper liquidity, more maturities, and integrations that turn fixed rates into a base layer for DeFi.

/

WHAT COMES

NEXT

Fira starts with fixed-rate markets on core assets. Next comes deeper liquidity, more maturities, and integrations that turn fixed rates into a base layer for DeFi.

0% LOAN - UZR

A live fixed-rate market offering 0% borrowing in an existing $450M onchain market.

0% LOAN - UZR

A live fixed-rate market offering 0% borrowing in an existing $450M onchain market.

0% LOAN - UZR

A live fixed-rate market offering 0% borrowing in an existing $450M onchain market.

0% LOAN - UZR

A live fixed-rate market offering 0% borrowing in an existing $450M onchain market.

MARKET LAUNCH

Permissionless fixed-rate & floating-rate markets across assets and maturities. Lend, Borrow & Trade with predictability.

MARKET LAUNCH

Permissionless fixed-rate & floating-rate markets across assets and maturities. Lend, Borrow & Trade with predictability.

MARKET LAUNCH

Permissionless fixed-rate & floating-rate markets across assets and maturities. Lend, Borrow & Trade with predictability.

MARKET LAUNCH

Permissionless fixed-rate & floating-rate markets across assets and maturities. Lend, Borrow & Trade with predictability.

FIXED-RATE END GAME

A fully onchain credit layer where fixed rates, maturities, and yield curves become native primitives.

FIXED-RATE END GAME

A fully onchain credit layer where fixed rates, maturities, and yield curves become native primitives.

FIXED-RATE END GAME

A fully onchain credit layer where fixed rates, maturities, and yield curves become native primitives.

FIXED-RATE END GAME

A fully onchain credit layer where fixed rates, maturities, and yield curves become native primitives.

0% LOAN - UZR

A live fixed-rate market offering 0% borrowing in an existing $450M onchain market.

MARKET LAUNCH

Permissionless fixed-rate & floating-rate markets across assets and maturities. Lend, Borrow & Trade with predictability.

FIXED-RATE END GAME

A fully onchain credit layer where fixed rates, maturities, and yield curves become native primitives.

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Common

questions

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Common

questions

What is Fira?

Fira is a lending and borrowing protocol specialized in facilitating permissionless fixed-rate markets onchain.

What is Fira?

Fira is a lending and borrowing protocol specialized in facilitating permissionless fixed-rate markets onchain.

What is Fira?

Fira is a lending and borrowing protocol specialized in facilitating permissionless fixed-rate markets onchain.

Why Fira?

Onchain credit is almost entirely variable-rate, limiting predictability and long-term planning in DeFi. Fira introduces fixed-rate, maturity-based borrowing and lending as a native onchain primitive. Rates are discovered through supply and demand, not set by utilization curves. Positions have defined maturities and predictable outcomes.

Why Fira?

Onchain credit is almost entirely variable-rate, limiting predictability and long-term planning in DeFi. Fira introduces fixed-rate, maturity-based borrowing and lending as a native onchain primitive. Rates are discovered through supply and demand, not set by utilization curves. Positions have defined maturities and predictable outcomes.

Why Fira?

Onchain credit is almost entirely variable-rate, limiting predictability and long-term planning in DeFi. Fira introduces fixed-rate, maturity-based borrowing and lending as a native onchain primitive. Rates are discovered through supply and demand, not set by utilization curves. Positions have defined maturities and predictable outcomes.

What products does Fira offer?

Fira operates two product lines: fixed-rate markets and variable-rate markets. As an infrastructure layer, lenders and borrowers, facilitated by LPs, connect on Fira to offer their services. Fira’s key differentiator is the introduction of fixed-rate lending and borrowing across multiple assets and maturities, variable-rate markets, and dynamic lending with tradable yield.

What products does Fira offer?

Fira operates two product lines: fixed-rate markets and variable-rate markets. As an infrastructure layer, lenders and borrowers, facilitated by LPs, connect on Fira to offer their services. Fira’s key differentiator is the introduction of fixed-rate lending and borrowing across multiple assets and maturities, variable-rate markets, and dynamic lending with tradable yield.

What products does Fira offer?

Fira operates two product lines: fixed-rate markets and variable-rate markets. As an infrastructure layer, lenders and borrowers, facilitated by LPs, connect on Fira to offer their services. Fira’s key differentiator is the introduction of fixed-rate lending and borrowing across multiple assets and maturities, variable-rate markets, and dynamic lending with tradable yield.

Does Fira offer anything other than fixed-rate borrowing and lending?

Yes. Fira includes different product lines: fixed-rate markets (maturity-based, via Bond Tokens), variable-rate markets (utilization-based, similar to Aave or Morpho), and dynamic lending (LP positions that earn swap fees, lending interest, and rehypothecation). Coupon Tokens make yield tradable before maturity.

Does Fira offer anything other than fixed-rate borrowing and lending?

Yes. Fira includes different product lines: fixed-rate markets (maturity-based, via Bond Tokens), variable-rate markets (utilization-based, similar to Aave or Morpho), and dynamic lending (LP positions that earn swap fees, lending interest, and rehypothecation). Coupon Tokens make yield tradable before maturity.

Does Fira offer anything other than fixed-rate borrowing and lending?

Yes. Fira includes different product lines: fixed-rate markets (maturity-based, via Bond Tokens), variable-rate markets (utilization-based, similar to Aave or Morpho), and dynamic lending (LP positions that earn swap fees, lending interest, and rehypothecation). Coupon Tokens make yield tradable before maturity.

How is the security of my assets ensured?

All borrowing is overcollateralized and subject to liquidation if health thresholds are breached. The smart contracts have undergone six independent audits by four firms — Sherlock, Spearbit/Cantina, yAudit, and Hexens. A bug bounty of up to $7.5M via Sherlock incentivizes ongoing security research. Full audit reports are available on docs.fira.money.

How is the security of my assets ensured?

All borrowing is overcollateralized and subject to liquidation if health thresholds are breached. The smart contracts have undergone six independent audits by four firms — Sherlock, Spearbit/Cantina, yAudit, and Hexens. A bug bounty of up to $7.5M via Sherlock incentivizes ongoing security research. Full audit reports are available on docs.fira.money.

How is the security of my assets ensured?

All borrowing is overcollateralized and subject to liquidation if health thresholds are breached. The smart contracts have undergone six independent audits by four firms — Sherlock, Spearbit/Cantina, yAudit, and Hexens. A bug bounty of up to $7.5M via Sherlock incentivizes ongoing security research. Full audit reports are available on docs.fira.money.

See full FAQ

See full FAQ

See full FAQ

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THE FIXED-RATE

layer for defi

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THE FIXED-RATE

layer for defi

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THE FIXED-RATE

layer for defi

Fira brings maturity and predictability onchain, and makes yield liquid in the process.

© 2026 Fira · Fixed rates, onchain

Built by Steady Labs

© 2026 Fira · Fixed rates, onchain

Built by Steady Labs

© 2026 Fira · Fixed rates, onchain

Built by Steady Labs

© 2026 Fira · Fixed rates, onchain

Built by Steady Labs