Variable → Fixed

One rate.
The whole term.
Your loan stays put.

Fix the rate on your variable-rate DeFi loan. No refinancing, no migration.

Rates shown are estimates at the time of quoting and are not guaranteed. Leveraged positions can be liquidated if rates move against you before expiry.

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How it works

Your loan stays where it is

Keep your position on Aave, Morpho, or wherever it lives. We never touch it. You buy a swap on the same underlying rate your loan tracks.

The swap offsets your interest

The swap pays you the variable rate, cancelling out your loan's interest, while you pay one fixed rate. Your effective borrowing cost is set on day one.

Settle at expiry

At the end of the term the payments are netted and your collateral comes back, plus any gain if rates ran above your fixed rate, or minus any loss if they ran below. Max loss: your posted collateral.

Kairos

Permissionless Interest Rate Swap Markets

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