Yield for everyone

Firma is a stablecoin protocol built on the eCash network. It is instantly convertible to $1 of XEC.

Each Firma held by users is backed by dollars. Supplemental to 1:1 dollar backing, Firma is over-collateralized by staked XEC. Firma's initial mint quantity of $125,000 was backed by an eCash avalanche staking node with 5 billion XEC ($0.000025 on Feb 19, 2025). Half of the initial supply was burned to enhance yield for early adopters.

Firma yield varies with XEC price (higher XEC price increases Firma yield). Firma's dollar peg is not impacted by XEC price. When XEC price decreases, Firma held by the mint address is burned to keep Firma over-collateralized. All Firma held by users is backed by dollars. Only the supply at the mint address is backed by XEC.

The initial supply of Firma was equivalent to the USD value of XEC held by an eCash staking node. The staking rewards of this node provide daily rewards to Firma holders. Yield varies with the price of XEC and the supply of Firma.

All user-held Firma is backed by dollars. All minter-held Firma is backed by a staked XEC position with a USD value exceeding the minter-held supply. Firma is always redeemable for $1 of XEC.

Firma is a protocol and not an investment. The token allows holders to earn protocol revenue that would be illiquid on high-fee blockchains. Today, yield comes from staking XEC. When enough Firma is held by users, yield will be generated by AMM liquidity on stablecoin pairs. Firma will have the same price risk as the stablecoins held by the protocol. This risk is mitigated by Firma's over-collateralization.

Firma is available exclusively on the eCash network. High protocol fees make daily yield payments impractical on other networks. USDT and USDC on the Solana network can be converted to Firma.

You can buy Firma on the Cashtab Agora marketplace. You can also convert USDT or USDC to Firma.

You can always sell Firma for $1 worth of XEC. Use the 'Redeem Firma' option in Cashtab. Sell orders created at the bid price are fulfilled automatically.

Yes, a Firma transaction is as secure as an eCash transaction. Firma is over-collateralized to ensure price stability.

We recommend using Cashtab for storing and transacting with Firma, but any eCash wallet that supports tokens will work.