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Inverse Finance Blog
FiRM Stories
October 10th Stress Test: FiRM Performance Analysis
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October 10th Stress Test: FiRM Performance Analysis
Summary On October 10, 2025, the cryptocurrency market experienced the largest liquidation cascade in history. Over $19.2 billion in leveraged positions were liquidated in a matter of hours. This was approximately 9x larger than the FTX collapse and 18x l...5 min
Karm
Core Member
Announcing Pendle PT-sUSDe on FiRM
Today, we're excited to announce a significant integration on FiRM: PT-sUSDe from Ethena Labs and Pendle Finance. First some background: About Pendle Pendle is a permissionless yield-trading protocol where users can execute various yield-management strateg...2 min
Patb
Head of Growth
Announcing sUSDe from Ethena Labs on FiRM
We’re building out our collateral options on FiRM and just added a new kind of yield bearing asset; sUSDe from Ethena Labs. Worth taking a look for multiple reasons: Attractive yield bearing asset. First, while Ethena markets USDe as a “synthetic dollar” a...2 min
Patb
Head of Growth
Announcing Frax-pyUSD-DOLA LP Tokens on FiRM
Another great milestone for FiRM with the introduction of Frax-pyUSD-DOLA LP tokens as collateral! Like our recent announcement with crvUSD-DOLA LP tokens, this further enhances the utility of DOLA LP tokens on Curve but adds momentum to this new class of ...2 min
Patb
Head of Growth
Introducing cbBTC on FiRM
Coinbase’s new cbBTC is live on FiRM. View the market here Some background: In response to organizational changes around WBTC, Coinbase recently introduced cbBTC as an alternative. A massive chunk of Coinbase’s AUM is in BTC and with their stated desire...2 min
Patb
Head of Growth