Deployment

Mainnet contract addresses, market configurations, oracle pipelines, router facets, and key roles for the Fira Protocol deployment.

Network: Ethereum Mainnet Initial Deployment: March 13–15, 2026 Bond Token Expiries: May 7, 2026 · May 27, 2026

External tokens

Token

Symbol

Decimals

Address

USDC

0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48

Wrapped stETH

wstETH

0x7f39C581F595B53c5cb19bD0b3f8dA6c935E2Ca0

Coinbase Wrapped BTC

cbBTC

0xcbB7C0000aB88B473b1f5aFd9ef808440eed33Bf

PT Ethena USDe 7MAY2026

PT-USDe

0xAeBf0Bb9f57E89260d57f31AF34eB58657d96Ce0

PT Ethena sUSDe 7MAY2026

PT-sUSDe

0x3de0ff76E8b528C092d47b9DaC775931cef80F49

PT Paxos USDG 27MAY2026

PT-USDG

0x9db38D74a0D29380899aD354121DfB521aDb0548

Fira tokens

Token

Symbol

Decimals

Address

Fira Wrapped USDC

FW-USDC

0x62F5366C9E21A95326C461a098a408e034e017b3

Bond Token

0x57FFbb88f0c69283531a751BE6FF0741348371bA

Coupon Token

0x93635d34fAd5A9fA7065a645691100b2E23C93cd

Markov USDC Prime (SisuVault)

mkUSDC

0x50791a5cA041b9D6Dd03e64E3Fa0e34a376759AC

May 27, 2026 Expiry

Token

Symbol

Decimals

Address

Bond Token (27MAY)

0x88dd7069cb9d8b7cc6eebd23b82ed1e9a75d9734

Coupon Token (27MAY)

0x17eA07Eb87bf7B091070999a0D313556D4ac580B

BT and CT are minted/burned in pairs via the YieldContractFactory. Multiple expiry series can coexist.

Core protocol contracts

Contract

Address

Description

FiraRouterV4

0xFF615E63aAF2d1B1EE4AdFD34a5840747185d8A0

Main entry point for all user operations

USDCFW (FW)

0x62F5366C9E21A95326C461a098a408e034e017b3

Wrapped Standardized Yield token for USDC

SisuVault

0x50791a5cA041b9D6Dd03e64E3Fa0e34a376759AC

ERC-4626 vault aggregating yield across markets

LiquidityInjector

0x2104f638a839Ca7260180d9Ee7f4865C92Df4cE5

Sole BT supplier to fixed-rate markets

RehypothecationModule

0xad332515d9c82438BBa0e9FAA9486B52A33a7Ac8

Controls phi ratios for rebalancing

YieldContractFactory

0xcdB83Abb9121c04589567A4106C3cFaf65DB68Be

Deploys BT/CT pairs

FiraMarketFactory

0xBF1EfC2199ae9EE1B6f5060a45D4440157E49744

Deploys AMM markets

BCLpOracle

0xfEAAEC9124FB007d7c44Ed704A08d24b264de921

Oracle for BC/LP pricing

AdaptiveCurveIrm

0x73C288826347af3718e6F09c2A24AaFDA77684cD

Interest rate model for variable-rate markets

FIRA Yield Treasury

0x97fD565B913b439Ff16774Da152B1f71F05A82F1

Fee recipient

Lending markets

Contract

Address

Description

VariableLendingMarket

0xc8Db629192a96D6840e88a8451F17655880A2e4D

Variable-rate lending (wstETH, cbBTC collateral)

FiraLendingMarket

0x280ddD897F39C33fEf1CbF863B386Cb9a8e53a0e

Fixed-rate lending (PT collateral, BT loan token)

AMM markets

FiraMarket — May 7, 2026

Field

Value

FiraMarket

0xde00b5edb255078dd42ee94fd97f473d1c9c055d

0x57FFbb88f0c69283531a751BE6FF0741348371bA

0x62F5366C9E21A95326C461a098a408e034e017b3

Expiry

May 7, 2026 (1778112000)

scalarRoot

102406700000000000000

initialAnchor

1008276800000000000

lnFeeRateRoot

2996000000000000

FiraMarket — May 27, 2026

Field

Value

FiraMarket

0x7083cfc87e7f6ebb858cc39b72d9c7605d368729

0x88dd7069cb9d8b7cc6eebd23b82ed1e9a75d9734

0x62F5366C9E21A95326C461a098a408e034e017b3

Expiry

May 27, 2026

Variable-rate markets

wstETH / USDC

Field

Value

Lending Market

0xc8Db629192a96D6840e88a8451F17655880A2e4D

Market ID

0xB3152AC00687CC9502B78AB452956F85CC89AC210DEEFDA5DBFF09F7F167B544

Loan Token

USDC (0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48)

Collateral Token

wstETH (0x7f39C581F595B53c5cb19bD0b3f8dA6c935E2Ca0)

Oracle

0x48F7E36EB6B826B2dF4B2E630B62Cd25e89E40e2 (Morpho wstETH/USDC)

IRM

0x73C288826347af3718e6F09c2A24AaFDA77684cD (AdaptiveCurveIrm)

LTV

87%

LLTV

89%

Whitelist

None (permissionless)

cbBTC / USDC

Field

Value

Lending Market

0xc8Db629192a96D6840e88a8451F17655880A2e4D

Market ID

0x39D3BDD30BF4BCF4A4D3547F2484ABE1E30A2DCD41ED83788B40E2720357AB76

Loan Token

USDC (0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48)

Collateral Token

cbBTC (0xcbB7C0000aB88B473b1f5aFd9ef808440eed33Bf)

Oracle

0x698253A24CC4926090f841B38D31d6342A00a82C (ChainlinkOracleV2 cbBTC/USDC)

IRM

0x73C288826347af3718e6F09c2A24AaFDA77684cD (AdaptiveCurveIrm)

LTV

88%

LLTV

90%

Whitelist

None (permissionless)

Fixed-rate markets

All fixed-rate markets use the FiraLendingMarket at 0x280ddD897F39C33fEf1CbF863B386Cb9a8e53a0e. BT is the loan token. Only the LiquidityInjector can supply BT (whitelist-gated).

PT-USDG / BT (May 27 Expiry)

Field

Value

Loan Token

BT 27MAY (0x88dd7069cb9d8b7cc6eebd23b82ed1e9a75d9734)

Collateral Token

PT-USDG (0x9db38D74a0D29380899aD354121DfB521aDb0548)

Oracle

0x90d0d6fdf9fe93777085e8b4baf3aab4285bac6b (FiraSolvencyOracle)

IRM

0x0000000000000000000000000000000000000000 (none — fixed rate)

LTV

94%

LLTV

94.75%

Whitelist

0x2104f638a839Ca7260180d9Ee7f4865C92Df4cE5 (LiquidityInjector)

Maturity Grace Period

86400 (24h)

Liquidation Incentive

PT-USDe / BT

Field

Value

Loan Token

BT (0x57FFbb88f0c69283531a751BE6FF0741348371bA)

Collateral Token

PT-USDe (0xAeBf0Bb9f57E89260d57f31AF34eB58657d96Ce0)

Oracle

0xeB30b33A1aC175e0305853636D0eF3898eb530f3 (FiraSolvencyOracle)

IRM

0x0000000000000000000000000000000000000000 (none — fixed rate)

LTV

89%

LLTV

90%

Whitelist

0x2104f638a839Ca7260180d9Ee7f4865C92Df4cE5 (LiquidityInjector)

Maturity Grace Period

86400 (24h)

Liquidation Incentive

3.1%

BT Liquidity

350 BT supplied by LI

PT-sUSDe / BT

Field

Value

Loan Token

BT (0x57FFbb88f0c69283531a751BE6FF0741348371bA)

Collateral Token

PT-sUSDe (0x3de0ff76E8b528C092d47b9DaC775931cef80F49)

Oracle

0xB9bAA3D58E1431776218F39919fd21AeD3e69aBb (FiraSolvencyOracle)

IRM

0x0000000000000000000000000000000000000000 (none — fixed rate)

LTV

89%

LLTV

90%

Whitelist

0x2104f638a839Ca7260180d9Ee7f4865C92Df4cE5 (LiquidityInjector)

Maturity Grace Period

86400 (24h)

Liquidation Incentive

3.1%

BT Liquidity

350 BT supplied by LI

Oracle pipeline

Variable-rate oracles

Market

Oracle

Type

wstETH/USDC

0x48F7E36EB6B826B2dF4B2E630B62Cd25e89E40e2

Morpho v1 oracle (pre-deployed, reused)

cbBTC/USDC

0x698253A24CC4926090f841B38D31d6342A00a82C

ChainlinkOracleV2 (BTC/USD + USDC/USD feeds)

Fixed-rate oracle pipeline (May 7 Expiry)

PT-USDe and PT-sUSDe markets use a 3-layer oracle stack:

AaveToChainlinkAdapter → ChainlinkOracleV2 → FiraSolvencyOracle → FiraLendingMarket

Layer

PT-USDe

PT-sUSDe

AaveToChainlinkAdapter

0xc42F003F9eCD3DdDF704556E82Cdd9271818171F

0x3d7346578be9B82E0227D027bd86F6De59BA3C91

ChainlinkOracleV2

0x2ED527087B740530562754EFCd608290eCCdBe2e

0xD6f5D9102007A737D9EDE6543262516d5c2fc8f8

FiraSolvencyOracle

0xeB30b33A1aC175e0305853636D0eF3898eb530f3

0xB9bAA3D58E1431776218F39919fd21AeD3e69aBb

Fixed-rate oracle pipeline (May 27 Expiry — PT-USDG)

The PT-USDG market uses a MetaOracleDeviationTimelock with primary/backup oracle redundancy:

MetaOracleDeviationTimelock → FiraSolvencyOracle → FiraLendingMarket

Layer

Address

Description

MetaOracleDeviationTimelock

0xEA268c588072e2639448E3a9433AB92E871335E2

Deviation threshold: 0.5%

Primary Oracle

0x8ec85C167a43EBe4EB183e8d9B876D1cdad9A9fB

1:1 USDG peg + Pendle TWAP

Backup Oracle

0x8A01940D89CF95D9F6e92a90B17C0Ca5C953fE73

Chainlink USDG/USD + Pendle TWAP

FiraSolvencyOracle

0x90d0d6fdf9fe93777085e8b4baf3aab4285bac6b

Final solvency check

Chainlink feeds

Feed

Address

BTC/USD

0xF4030086522a5bEEa4988F8cA5B36dbC97BeE88c

USDC/USD

0x8fFfFfd4AfB6115b954Bd326cbe7B4BA576818f6

Router facets

The FiraRouterV4 uses a facet-based (diamond-like) architecture. All user-facing calls go through the Router, which delegates to the appropriate facet.

Facet

Address

Functions

ActionSwapBTV3

0xab2383692ed8e0836e25b71988c925dfd94ed2fe

BT swaps

ActionSwapCTV3

0xdb7a722ae7baf83d3d8b9e812952916326d6656b

CT swaps

ActionAddRemoveLiqV3

0x286bbc5519cd421011e7e1c092e1d6a72edb4d30

Liquidity add/remove