FIAT is an Ethereum-based decentralized finance protocol that allows users to access leverage and secondary liquidity against their fixed-income assets. Assets from supported fixed income asset protocols can be provided as collateral to mint $FIAT. $FIAT can be used to pay off users' debt positions as well as claim the cheapest-to-deliver assets in the protocol.

FIAT DAO is the digital cooperative stewarding its development. FIAT DAO Token holders are able to cast votes and earn rewards at this time. Upon protocol launch, FDT will serve to manage risk parameters within the FIAT protocol.

Key features of FIAT:

• Leverage. Mint FIAT via collateralized debt positions and use it to trade and earn throughout DeFi
• Provide Liquidity. Participate in FIAT liquidity pools to earn governance rights in the protocol and more
• Diversify. Hedge exposure to a wide array of underlying assets, protocols, and time horizons
• Swap. Redeem FIAT for fixed income assets without the need for order books or market makers.