Firn

Turn a liquidity position into a plain ERC-20. Vaults over 94 tokenised equities on Robinhood Chain. One transaction, and you own the vault.

[Firn @useFirn]

GM FIRN

[Firn @useFirn]

The long-term idea behind FIRN is bigger than a single vault.

A layer where productive positions can be represented by liquid, composable assets and plugged into the rest of DeFi.

Capital that earns.

Capital that moves.

Capital that stays useful.

[Firn @useFirn]

FIRN isn’t trying to create yield out of nowhere.

The value comes from productive underlying positions.

FIRN packages those positions into a liquid form and lets the value generated underneath accrue back to holders.

[Firn @useFirn]

Working in silence.

[Firn @useFirn]

Deposit → Laminae → yield accrues → redeem.

That’s the core FIRN loop.

The mechanics are simple.

What becomes possible when those liquid positions start moving across DeFi is the interesting part.

[Firn @useFirn]

Capital efficiency matters.

If earning yield means your capital can’t do anything else, there’s an opportunity cost.

FIRN is built around removing that tradeoff.

Productive underneath. Liquid on top.

[Firn @useFirn]

What happens to FIRN yield?

It stays in the Core.

As the underlying position generates value, the amount backing each Lamina increases.

You don’t need more tokens in your wallet for your position to become more valuable.

[Firn @useFirn]

DeFi made assets programmable.

FIRN takes that a step further by making productive positions liquid.

Deposit into a Core. Receive Laminae. Let the underlying keep working while your position remains usable.

[Firn @useFirn]

Tek is tekking.

[Firn @useFirn]

Most yield products ask you to park your capital and leave it there.

FIRN is designed differently.

The underlying position keeps earning while you receive a liquid representation of it.

Put capital to work without making it unusable.

[Firn @useFirn]

Team has nothing to do with the dump.

We keep building.

[Firn @useFirn]

@stonksandcards No.

[Firn @useFirn]

FIRN is built around a simple idea:

Productive capital should still be usable capital.

Deposit into a Core, receive a liquid position in return, and let the underlying continue working.

No need to sacrifice liquidity just to earn.

[Firn @useFirn]

Collabs coming soon.

We’re starting to connect FIRN with other teams, protocols, and communities that align with what we’re building.

More integrations. More utility. More places for Laminae to move.

Soon.

[Firn @useFirn]

Your capital shouldn’t have to choose between earning and staying liquid.

FIRN turns productive positions into liquid assets you can hold, transfer, trade, or potentially use elsewhere.

The underlying keeps working. You keep the flexibility.

[Firn @useFirn]

We’re setting up the FIRN Discord.

Soon you’ll have a place to ask questions, share feedback, follow development, and talk directly with the community.

Invite coming soon.

[Firn @useFirn]

Why is FIRN useful?

Yield usually comes with a tradeoff: put an asset to work, and you lose flexibility over that capital.

FIRN changes that.

Your underlying position keeps earning while Laminae gives you a liquid representation of it. You can hold it, move it, trade it, or potentially use it elsewhere without first unwinding the position.

The capital does not have to choose between being productive and being liquid.

It can be both.

[Firn @useFirn]

Dex has now been paid.

[Firn @useFirn]

How does FIRN work?

Deposit an asset into a Core and receive Laminae, a liquid ERC-20 representing your position.

As the underlying position earns and fees are harvested, that value stays inside the Core. Instead of minting more tokens, the redemption price of each Lamina increases.

Your position stays liquid the entire time. Hold it, transfer it, trade it, or eventually use it as collateral without having to unwind the underlying position.

When you want out, redeem your Laminae directly for the underlying assets at the price computed by the Core.

Deposit → earn → stay liquid → redeem.

Yield without trapping the position.

[Firn @useFirn]

Genuine question for anyone building vaults:

what's the last protocol you saw publish a list of the things it deliberately broke to check its own tests bite?

We publish all 5. Including the one that got through.