Please connect your wallet to check if you're eligible for the DBR airdrop
Frequently Asked Questions
FiRM is a new Fixed-Rate Market for borrowing DOLA using DBR tokens and it is focused on simplicity and safety. All markets are isolated and collateral cannot be borrowed by others.
FiRM does not have shared collateral pools like traditional DeFi markets. FiRM uses Personal Collateral Escrows which ensures that deposits are not only isolated per collateral but also per user. FiRM also has flash loan protection and a limited amount of borrowable DOLA per market. FiRM has been audited by Code4arena.
DBR is a Borrowing Rights token. Holding it in your wallet gives you the right to borrow the DOLA stablecoin in FiRM.
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DOLA is a stablecoin pegged to the US Dollar. This means it is designed to be valued as close to $1 as possible with minimal volatility. DOLA is debt-backed rather than algorithmic, meaning that DOLA is backed by retractable debt.
One DBR gives the right to borrow 1 DOLA for 1 year (or 2 DOLA for 6 months, etc). This is assuming you have deposited enough collateral.
Yes but not a standard one: your DBR wallet balance will decrease over time when you have an open loan position.
Either via the airdrop if you're eligible or on Uniswap / Balancer. In the future an auto-buy DBR feature will be available.
No, DBRs should stay in your wallet to pay the fee when you have a loan. Your DBR wallet balance will decrease only if you have a DOLA loan in FiRM.
DBRs are "spent" over time when you have a loan, the rate depends on your amount of debt. If you don't have a loan the balance does not decrease.
If you have a DBR deficit and an active loan then someone can top-up your DBR balance, purchasing DBR at a higher price than the current DBR market price. The cost of this forced top-up is added to your debt which can lead to liquidations if left unchecked, so it is recommended that you top up your DBR wallet balance yourself before it runs out.
Not at the moment but the INV market will be added soon.
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