We’re proud to introduce the Firelight Risk Consortium!
Together with @cyfrin, @CredoraNetwork, @HypernativeLabs, @nativeinsurance, and @labsGFX, the consortium establishes a transparent, neutral review process for onchain cover events.
https://t.co/x7q07SPW9e
"Imagine you buy earthquake insurance for your house in San Francisco. You pay your premiums for years. Then the big one hits. Your house collapses. You file your claim. And the insurance company informs you that their entire capital reserve was invested in... San Francisco real estate."
Read @jrdothoughts' latest article below👇
What happens after an exploit is detected?
Our latest deep dive explores @nativeinsurance's role in the Firelight Risk Consortium and why insurance expertise is essential for turning technical incidents into consistent, transparent claims decisions.
Dive in👇
What is Firelight coverage?
Firelight is an on-chain coverage protocol for DeFi.
Stake into the Firelight vault and your capital goes to work: it backs protection against the things that go wrong on-chain, and earns reward for doing it.
How it fits together:
▶️ Stakers deposit stXRP into the vault. Their capital backs cover, and in return they earn stXRP yield plus a share of coverage premiums.
▶️ Program operators, the institutions running vaults, enable cover and hold an on-chain policy called a cover token.
When a qualifying incident hits, an independent Risk Consortium validates it. If approved, the protocol pays out in stablecoins, and the program operator distributes that to the affected users.
Join @Firelightfi and @nativeinsurance for a panel on what today’s onchain risks mean for institutions, and how the Firelight Risk Consortium is building the claims and risk infrastructure DeFi needs to move forward.
Regulation is accelerating. Institutions are paying attention. But is DeFi's risk infrastructure ready?
Join Firelight and @nativeinsurance to discuss evolving onchain risks and how the Firelight Risk Consortium is setting a new standard for DeFi protection.
🎙️ 2 July, 3PM CET.
https://t.co/CTkNS5qlEI
@Firelightfi Firelight has reached a pivotal community milestone.
Genesis airdrops are now ready for eligible users.
Details here:
https://t.co/IPwEzGNCHn
@Firelightfi Firelight has reached a pivotal community milestone.
Genesis airdrops are now ready for eligible users.
Details here:
https://t.co/IPwEzGNCHn
@Firelightfi An major milestone is now in the books for the Firelight community.
Genesis airdrops are available to qualifying users.
Details below:
https://t.co/IPwEzGNCHn
@Firelightfi An major milestone is now in the books for the Firelight community.
Genesis airdrops are available to qualifying users.
Details below:
https://t.co/IPwEzGNCHn
@Firelightfi Firelight has crossed a significant community milestone.
Eligible users can now access genesis airdrops.
More info:
https://t.co/IPwEzGNCHn
@Firelightfi Firelight has crossed a significant community milestone.
Eligible users can now access genesis airdrops.
More info:
https://t.co/IPwEzGNCHn
Show us what you’re eating during the OpTic Watch Party this weekend 🍽️
Reply with photo of your meal using #WatchPartyDelivered
We’ll giveaway a @TeamRazer BlackShark V3 pro to one lucky winner.