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 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.

FIRMA yield is seeded by 5,000,000,000 XECX. Yield from FIRMA dollar reserves may also be passed on to users. Protocol revenue yield from XECX varies with the price of XEC and the supply of Firma. The APY on the webpage is an average of all past daily yield payouts and does not indicate future yield. See charts for the spot APY of each payout.

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 or 1 USDT.

Firma is a protocol and not an investment. The token allows holders to earn protocol revenue that would be illiquid on high-fee blockchains. The $1 peg is subject to the same price risk as other non-algorithmic stablecoins like USDT or USDC: price risk of USD cash equivalents. This risk is mitigated by Firma's published 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 with the 'Convert' feature on this site.

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. You may also redeem FIRMA for USDT by using the 'Redeem' feature on this site.

Unlike popular stablecoins such as USDT and USDC, FIRMA cannot be seized or frozen by anyone. Users are responsible for securing their own funds. Physically writing down your backup seed is strongly recommended.

Cashtab is the best wallet for storing, earning, and redeeming Firma.