Terms of Use
Version: 01/13/2026
1. Purpose – Acceptance
1.1 These Terms of Use (the "Terms") govern access to and use of:
(i) the website
(ii) the front-end application and/or APIs
(iii) the content/documentation made available
(together, the "Services")
1.2 By clicking "Accept", connecting a wallet, or using the Services, you acknowledge that you have read, understood, and accepted these Terms and the Risks & Security documentation, which is incorporated by reference.
1.3 If you do not agree, do not use the Services.
2. Definitions
Fira Protocol
The set of smart contracts deployed on one or more public blockchains enabling lending/borrowing operations
Fira Interface
The front-end and/or API that allows you to submit transactions to the Protocol
USDC
A third-party stablecoin (issued and administered by a third party)
FW
The wrapped form used by Fira as the unit of account
BT
Synthetic tokens associated with borrowing, designed to converge to 1 FW at maturity
CT
Tokens representing an economic claim on the "interest/coupon" component arising from the pool structure
Maturity
The pool/market expiry at which certain conversions/redemptions may apply
User / You
Any person accessing or using the Services
Wallet
A self-custodial wallet (EOA or smart wallet) controlled by you
3. Services Description – Scope
3.1 The Services primarily provide:
(a) an interface to read information
(b) a way to submit transactions to the Protocol through your Wallet
3.2 Non-custodial: You retain control of your private keys and Wallet at all times. The Fira Interface Operator does not hold your assets, cannot initiate transactions on your behalf, and cannot reverse a transaction confirmed on a blockchain.
3.3 Protocol ≠ Operator: Unless expressly stated, the Fira Interface Operator does not guarantee the continuous operation of any blockchain network, oracle, bridge, third-party token, or the availability of any smart contract.
3.4 Information displayed (rates, prices, APY, health metrics, etc.) is indicative and may be delayed, inaccurate, or incomplete.
4. Nature of Information – No Advice
4.1 Nothing in the Services constitutes financial, investment, credit, legal, tax, or accounting advice, nor any personalized recommendation.
4.2 You are solely responsible for your decisions and your own risk assessment, including whether the Protocol is appropriate for you.
4.3 You acknowledge that crypto-assets and DeFi involve volatility and risks that may not be suitable for all users.
5. Eligibility – Sanctions – Restricted Jurisdictions
5.1 You represent that you are of legal age and have the legal capacity to use the Services.
5.2 You represent that you are:
Not located, resident, incorporated, or acting on behalf of a person located in a Restricted Jurisdiction
Not subject to sanctions (OFAC, EU, UN, UK, etc.), and not listed on any sanctions list
:::danger[Restricted Jurisdictions] Afghanistan, Albania, Angola, Azerbaijan, Bosnia Herzegovina, Bahamas, Barbados, Burma, Botswana, Burkina Faso, Burundi, Cambodia, Cameroon, Crimea (Ukraine), Chad, China, Congo, Democratic Republic of Congo, Cuba, Ethiopia, Eritrea, Fiji, Palau, Ghana, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Jamaica, Jordan, Lao People's Democratic Republic, Uganda, Liberia, Libya, Madagascar, Mali, Malta, Morocco, Mozambique, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Philippines, Puerto Rico, Russia, Senegal, Somalia, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Turkey, Turkmenistan, United States, Uzbekistan, Vanuatu, Venezuela, Virgin Islands, Yemen, Zimbabwe, and any resident or national of a country otherwise subject to a U.S. Government embargo. :::
5.3 Any attempt to circumvent restrictions (VPN, proxy, etc.) may result in restriction or suspension of access.
6. Economic Mechanics (Key Reminders)
6.1 Wrapping: Fira V1 uses USDC and operates with FW-USDC (wrap/unwrap) for certain operations.
6.2 Borrowing: Borrowing may involve minting BT-USDC against collateral and swapping BT-USDC→FW-USDC at a discount. The economic cost is embedded in that discount.
6.3 Fixed-maturity "fixed rate": Predictability is designed for holding until maturity; early repayment may change the effective cost.
7. Fees
7.1 Network fees: You pay blockchain transaction fees (gas), which are non-refundable.
7.2 Protocol/third-party fees: Certain markets may include fees (swaps, liquidations, performance/management, bridges, etc.) set on-chain or by third parties.
7.3 Any displayed fees/rates are indicative; you must verify details before signing.
8. Assumption of Risk
8.1 By using the Services, you acknowledge and accept the risks described in Risks & Security.
8.2 This documentation is not exhaustive; other known or unknown risks may exist.
9. User Obligations
9.1 Secure your private keys/seed phrase, devices, access, and approvals.
9.2 Verify smart contract addresses, networks, tokens, amounts, and recipients before signing.
9.3 Do not use the Services for illegal activity (money laundering, terrorist financing, fraud, etc.).
9.4 Do not attempt to attack, exploit, reverse engineer, or interfere with the Services/contracts.
10. Third-Party Services – Dependencies
10.1 The Services may rely on third parties (RPCs, oracles, bridges, analytics, wallets, DEXs, protocols used for rehypothecation, etc.).
10.2 Such third parties have their own terms and may fail, be compromised, or change rules. The Fira Interface Operator is not responsible for them.
11. Intellectual Property – License
11.1 Unless otherwise indicated, the Interface content is protected (branding, UI, text, etc.).
11.2 A limited, revocable, non-exclusive license is granted to you to use the Services in compliance with these Terms.
11.3 Smart contracts may be open-source under specific licenses.
12. Disclaimer of Warranties
12.1 The Services are provided "as is" and "as available."
12.2 No warranties are given regarding error-free operation, uptime, security, performance, solvency, liquidity, or returns.
13. Limitation of Liability
13.1 To the maximum extent permitted by law, the Fira Interface Operator will not be liable for indirect damages (loss of profit, data, opportunity, etc.).
14. Indemnification
You agree to indemnify and hold harmless the Fira Interface Operator from any claim arising out of:
(i) your breach of these Terms
(ii) your illegal use of the Services
(iii) your violation of applicable law
15. Suspension – Termination
15.1 You may stop using the Services at any time.
15.2 The Fira Interface Operator may suspend/restrict access (including for sanctions compliance, illegal activity, security risk, or legal obligations).
16. Governing Law – Dispute Resolution
16.1 Governing law: France
16.2 Jurisdiction/Arbitration: France
Contact
Interface Operator: Steady Labs
Email: [email protected]
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