🔥Fira is a fixed-rate credit infrastructure right within the Usual ecosystem. It is not just an ordinary investment product but an infrastructure layer that enables the deployment of fixed-rate credit markets and on-chain lending. The main goal of Fira is to create lending capabilities and fundraising with stable interest rates, unlike the often volatile DeFi credit markets.

📌 The main roles of Fira in the Usual Protocol:

🔥Providing fixed-rate credit: Fira facilitates lending and borrowing activities with a fixed interest rate of 0% and only charges a fee of 0.1% / 1 year for the loan, helping to reduce the risk of rate fluctuations.

🔥Connecting USD0 with operational capital: The deployment of Fira ensures that USD0 is not only a store of value but can also be used as an effective capital source.

🔥Owned by Usual DAO: The infrastructure and revenue from Fira are owned by Usual DAO and will serve to provide long-term revenue for the USUALX holders community.

🔥Building a more extensive financial platform: Fira is a step towards creating more complex financial products, similar to the functions of traditional banks but on the blockchain.

🔥Fira's TVL reached over $80M just after 3 days of operation and will continue to grow significantly in the short term.

🔥After a series of recent UIPs that the Usual holders community has voted through and updates on the roadmap for launching revenue-generating products for the protocol in the long term, it seems that the price of Usual is responding positively and creating higher support levels.

$USUAL to the moon 🚀🚀🚀