Fira has been live for one week and has already surpassed $300M in TVL.
To ensure a robust launch, we’re rolling out features progressively. After opening the Usual Zero Rate (UZR) market, you can now perform the two most fundamental credit actions directly on Fira: borrow and repay.
Borrow, with full clarity on what you’re committing to
UZR lets you borrow at a fixed rate, with a defined maturity, and an observable price before execution.
The goal is simple: make borrowing a clear decision rather than a bet on where rates move next. You know what you’ll owe before you open the position.
Repay, without ambiguity
Repayment follows the same principle: a direct, legible action that cleanly closes the position.
You repay what you borrowed, the debt is closed, and the cycle ends. No hidden complexity, no unnecessary side effects.
Why a phased rollout
A secure launch isn’t about flipping every feature on at once. It’s about validating each building block in real conditions before stacking the next one.
That sequence is what lets the product surface grow without increasing risk.
Check it out here: https://app.fira.money/migrate?tab=borrow