Hundreds of billions in DeFi. Barely a sliver covered.
Cover needs deep, stable capital.
Firelight's first source: ripple:native, staked on @FlareNetworks, backing cover, bridged in natively through FAssets.
Docs are updated: Phase 2, how cover works, claims payouts, and more.
Worth a full read.
Firelight’s $8M seed round is a strong signal of demand for on-chain cover — and it’s built on Flare.
$XRP reaches Flare through FAssets, our core infrastructure, then is staked as FXRP and backs the capital pool behind Firelight’s coverage layer.
Looking forward to seeing staked XRP put to work in some of the most important use cases right now.
https://t.co/lcBAw2nnL6
Here's how it works.
Stakers back the pool and get yield through stXRP.
Operators buy the cover, and the engine prices it.
The collateral is FXRP, and the coverage protocol runs on Flare.
The Firelight governance process has a new proposal ready for community voting.
Review the details, consider the available options, and cast your vote if you’re eligible.
Proposal here: https://t.co/KdmvNzbLTH
Voting is live to choose the release date for $Firelight rewards.
Joining gives you access to an extra allocation when rewards are paid.
Learn more ⤵️
https://t.co/KdmvNzbLTH
The Firelight governance process has a new proposal ready for community voting.
Review the details, consider the available options, and cast your vote if you’re eligible.
Proposal here: https://t.co/HMB2wCXN07
@Firelightfi /2 Users are now invited to cast their votes on the upcoming Firelight Rewards Date.
Every active voter will unlock a special bonus allocation when it launches.
Details here: https://t.co/xDHd051bQj
@Firelightfi Reminder, users are invited to vote on the Firelight Rewards Date.
All active voters are eligible for a bonus allocation upon launch.
Learn more here: https://t.co/xDHd051bQj
@remibrc All $EMBER users have the opportunity to vote on when the rewards date will take place.
Those who participate in the vote unlock a 1.25x power boost at claim time.
Details: https://t.co/Y84PsUyhr7
@CryptoExpert101 All $EMBER users have the opportunity to vote on when the rewards date will take place.
Those who participate in the vote unlock a 1.25x power boost at claim time.
Details: https://t.co/Y84PsUyhr7
@DegenCapitalLLC All $EMBER users have the opportunity to vote on when the rewards date will take place.
Those who participate in the vote unlock a 1.25x power boost at claim time.
Details: https://t.co/Y84PsUyhr7
@coingecko All $EMBER users have the opportunity to vote on when the rewards date will take place.
Those who participate in the vote unlock a 1.25x power boost at claim time.
Details: https://t.co/Y84PsUyhr7
Reminder, users are invited to vote on the $EMBER Rewards Date.
All active voters are eligible for a bonus allocation upon launch.
Learn more here: https://t.co/Y84PsUyhr7
Reminder, users are invited to vote on the $EMBER Rewards Date.
All active voters are eligible for a bonus allocation upon launch.
Learn more here: https://t.co/Y84PsUyhr7
Reminder, users are invited to vote on the $EMBER Rewards Date.
All active voters are eligible for a bonus allocation upon launch.
Learn more here: https://t.co/Y84PsUyhr7
All $EMBER users have the opportunity to vote on when the rewards date will take place.
Those who participate in the vote unlock a 1.25x power boost at claim time.
Details https://t.co/Y84PsUyhr7
Reminder, it’s time for users to vote on the $EMBER Community Rewards Date.
All active voters will gain a 1.5x allocation upon rewards launch.
👉 https://t.co/Y84PsUyhr7