2026 is one of DeFi’s worst years for exploits.
Firelight cover is live on @krakenfx Protected Strategies USDC and @SentoraHQ’s USD Protected and Protected RWA vaults.
Here's how it works for stakers. 🧵
Firelight will be at @RippleSwell next week.
Catch @admff492 at @FlareNetworks’ meetup on Oct 27 to chat about Firelight and the future of on-chain cover for DeFi.
https://t.co/YLoIqS5Td6
Same XRP. More opportunities.
At 4 PM at our Swell side-event, the teams behind @upshift_fi , @Firelightfi and @admff492 from @SentoraHQ join @HugoPhilion of @FlareNetworks for a fireside chat, “XRP at Work: Vaults, Cover & Credit,” moderated by @itscoachfo.
🗓 Tue, Oct 27
📍 The Addison NY
RSVP: https://t.co/J5T4r9kE4B
In the event of an exploit on a covered strategy, validated claims are paid from the First-Loss Buffer, a protocol-owned reserve, before any staker collateral is touched.
Only a claim large enough to exhaust it reaches the vault.
Learn more. https://t.co/6FF8ELRgW0
Firelight currently has $55.9M in total coverage capacity.
Platforms purchase cover in 30-day periods and pay premiums upfront, with orders matched against available capacity.
Track it live.
https://t.co/41M5wSkbXG
https://t.co/dEeIcBGXet
Sentora-curated markets are now live on @aave v4.
Borrow RLUSD, PYUSD and OUSD against yield-bearing and bluechip collateral, with risk and strategies by Sentora.
🔗https://t.co/DRJ9TJmR0k
Kraken DeFi Earn users can now access a Sentora-curated USDC vault with Firelight cover natively embedded. Vaults have become the way institutional platforms bring clients onchain. They now hold more than $15B in TVL, but protection hasnt kept pace: onchain cover across DeFi is about $123.7M, roughly 0.14% of total TVL.
A protected vault separates the job into layers, each run by a specialist:
1. Curators like @SentoraHQ select the markets, set allocation limits and leverage, and decide when to rebalance.
2. Vault infrastructure providers like @veda_labs and @upshift_fi supply the contracts and tooling for deposits, withdrawals, share accounting and strategy execution, and natively embed the cost of cover into the vault, so users see it in the net rate with no separate billing.
3. @Firelightfi prices and backs cover across each market/strategy, its dependencies and the vault contracts, with rates fixed and published onchain for each 30-day period.
4. Platforms like @krakenfx provide access inside its existing earn flow.
5. If a covered incident happens, theres no claim to file. Affected positions are included automatically, an independent Risk Consortium of five firms (@HypernativeLabs, @CredoraNetwork , @nativeinsurance, @labsGFX, @cyfrin) validates the loss, and stablecoin payouts can route directly to depositors through distribution solutions like @merkl_xyz.
The result is a platform that can tell its users exactly which failures are covered and how theyd be made whole, before they deposit. We think this specialist-led structure becomes the standard way onchain yield reaches a broader audience.
Full write-up on how it works: https://t.co/kBGABatIIO
With Firelight cover built into @krakenfx Protected Strategies USDC, we’ve analyzed how a protected vault works, from strategy to settlement.
Dive in. 🔥
It’s great to see XAO DAO putting their XRP to work in @Firelightfi on Flare.
Thank you to the XAO DAO community for putting their trust in our ecosystem!
Heading to Swell?
Join the @FlareNetworks meetup on 27 October to meet @admff492, CEO and Co-Founder of Firelight and Co-Founder and CEO of @SentoraHQ, for a conversation about Firelight and the future of onchain cover. 🔥
Flare Meetup New York 🗽
Flare is hosting a meetup during @RippleSwell on October 27th at The Addison NY, steps away from the Swell venue.
Come meet builders, traders and founders, including @upshift_fi, @SentoraHQ, @Firelightfi and @XRPLJapan, over an open bar and bites.
Space is limited. Request to join: https://t.co/J5T4r9kE4B
Firelight monitors risk continuously and keeps rates fixed within each coverage period. New evidence informs future pricing and capacity, while existing cover keeps its terms.
@jrdothoughts dives into how simulation and AI could feed that process.
One signature from the wallet you already use.
Earn is live now. Collateral and borrow come next.
That path is what Flare Smart Accounts were built for.
https://t.co/nlv2dEwydj