Fira achieved a TVL of $250 million in just the first week after launch
To ensure a smooth launch, we will roll out features in phases. After opening the Usual Zero Interest Rate Lending (UZR) market, you can now perform the two most basic functions of credit: borrowing and repayment on Fira.
Transparent and intuitive borrowing
UZR allows you to borrow at a fixed interest rate, with a clear loan maturity date, and the price is transparent and visible before you execute the transaction. Our goal is simple: to make borrowing a clear decision, rather than a gamble on interest rates. You can know the repayment amount clearly before deciding to open a position.
Clear and straightforward repayment
Repayment also follows the principle of transparency: operations are straightforward and easy to understand, allowing for clear repayment closure. You borrow what you repay, and the debt is settled immediately, forming a closed loop. There is no ambiguity or complexity, and no unexpected variables.
Why choose phased feature launches
To ensure a safe issuance process, opening all features at once is not the optimal choice. Before adding each new feature, we need to verify the performance of each module in a real-world environment. This gradual approach allows us to expand the product scale while keeping risks at a minimum.
Fira UZR — Borrowing and repayment functions are now online!