Yield for everyone

Firma Alpha is a stablecoin protocol built on the eCash network. It is instantly convertible to $1 of XEC.

No. Firma Alpha is issued by Firma Holdings Inc. Firma Alpha is not traded or handled by Firma Operations AG.

Each Firma Alpha held by users is backed by dollars. Supplemental to 1:1 dollar backing, Firma Alpha is over-collateralized by staked XEC.

Firma Alpha yield varies with XEC price (higher XEC price increases Firma Alpha yield). Firma Alpha's dollar peg is not impacted by XEC price. When XEC price decreases, Firma Alpha held by the mint address is burned to keep Firma Alpha over-collateralized. All Firma Alpha held by users is backed by dollars.

Firma Alpha yield is seeded by 5,000,000,000 XECX. Yield from Firma Alpha dollar reserves may also be passed on to users. Protocol revenue yield from XECX varies with the price of XEC and the supply of Firma Alpha. The APY on the webpage is an average of all past daily yield payouts and does not indicate future yield. See charts for the spot APY of each payout.

All user-held Firma Alpha is backed by dollars. All minter-held Firma Alpha is backed by a staked XEC position with a USD value exceeding the minter-held supply. Firma Alpha is redeemable for $1 of XEC on the Agora marketplace.

Firma Alpha is a protocol and not an investment. The token allows holders to earn protocol revenue that would be illiquid on high-fee blockchains. The $1 peg is subject to the same price risk as other non-algorithmic stablecoins like USDT or USDC: price risk of USD cash equivalents. This risk is mitigated by Firma Alpha's published over-collateralization.

Firma Alpha is available exclusively on the eCash network. High protocol fees make daily yield payments impractical on other networks. USDC on the Solana network can be converted to Firma Alpha.

You can buy Firma Alpha on the Cashtab Agora marketplace.

You can always sell Firma Alpha for $1 worth of XEC. Use the 'Redeem Firma Alpha' option in Cashtab. Sell orders created at the bid price are fulfilled automatically.

Unlike popular stablecoins such as USDT and USDC, Firma Alpha cannot be seized or frozen by anyone. Users are responsible for securing their own funds. Physically writing down your backup seed is strongly recommended.

Cashtab is the best wallet for storing, earning, and redeeming Firma Alpha.