FIVA Review 2026: Fixed Yield and Leveraged Airdrops on TON

FIVA is a yield protocol on the TON blockchain. Its listed description says users can lock in guaranteed fixed yields, farm future airdrops with up to 100x leverage, and provide liquidity with near-zero impermanent loss.

DefiLlama has tracked it since December 30, 2024, and classifies it under Yield. TVL is about $30,460, unchanged over the past seven days, and no token is listed. Two audits are noted, though the project does not say who performed them.

The project's homepage could not be fetched, so this review relies on the directory entry. Treat the details as unverified and confirm them on the official site and documentation.

FIVA describes itself as a yield optimization protocol. Public sources give only a short summary, so the details of the mechanism are not confirmed here.

Protocols that offer fixed yields typically split a yield-bearing asset into a principal part and a yield part, which can be traded separately. Someone who wants certainty buys the principal at a discount and receives a fixed return at maturity. Someone who wants variable yield or airdrop exposure buys the yield part, which acts like a leveraged bet. FIVA's description of fixed yields and leveraged airdrop farming is consistent with this model, but the project does not confirm that it works this way.

The low-impermanent-loss liquidity feature likely relates to pools where prices converge to a known value at maturity. Again, the project does not describe the design, so treat this as general background rather than a statement about FIVA.

FIVA's fee schedule is not published. The homepage could not be fetched and no other source gave fee details.

Before using it, check the app's interface and documentation for protocol fees, swap or liquidity fees, and any leverage costs. TON network gas fees would also apply to transactions.

DefiLlama lists two audits, but the auditors, scope and findings are not given publicly. Smart-contract risk remains even with audits, and the protocol's small TVL means it has had limited real-world stress testing. No incidents are mentioned publicly.

The protocol is non-custodial in the usual DeFi sense, but this is not confirmed publicly. Leveraged products carry liquidation or total-loss risk. This is not financial advice. Verify the official links yourself to avoid imitation sites.

FIVA is aimed at DeFi users on TON who understand yield products and leverage. It may suit someone seeking predictable fixed returns, or an experienced user willing to take the risk of leveraged airdrop strategies. Beginners and those who cannot afford losses should be cautious.