Risk Framework

Fira risk management is structured around six primary user-facing risk categories plus legal and operational disclaimers.

Risk Categories

1. Interest rate risk

2. Liquidation risk

3. Bad debt risk

4. Collateral risk

5. Liquidity risk

6. Smart contract risk

Mitigation Layers

• Multi-auditor security process

• Live bug bounty coverage

• Conservative collateral and liquidation parameters

• Oracle controls and fallback logic

• Governance-based parameter updates

• Progressive rollout strategy for new product surfaces

Read By Category

• Interest Rate Risk

• Liquidation Risk

• Bad Debt Risk

• Collateral Risk

• Liquidity Risk

• Smart Contract Risk

• Risk Disclaimers

Security References

• Security Overview

• Audits

• Bug Bounty

Important

Risk cannot be eliminated in DeFi systems. This framework helps users assess tradeoffs and failure modes, but does not constitute financial, legal, or tax advice.