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
Yield brings capital onchain. Protection keeps it there.
New piece by @jrdothoughts on why the biggest DeFi market of the next cycle will be built with Firelight
When Phase 2 goes live, the single supported asset is $FXRP, backed by XRP via FXRP on @FlareNetworks.
When you stake $stXRP, your capital backs cover in existing program vaults, and you accrue a share of protocol emissions plus potential emission boosts! 👇
When Phase 2 goes live, every FXRP position in Firelight will automatically convert into a staked position. No action is required.
Just wrap $XRP into $FXRP via FAssets, hold $FLR for gas, and deposit $FXRP into Firelight to mint $stXRP.
@Firelightfi@jrdothoughts FLT Genesis may qualify you — provided you were early on Flare, staked FXRP, and in cover.
Check here:
https://t.co/ZqNCuZ4Fc7
@Firelightfi@jrdothoughts FLT Genesis may qualify you — provided you were early on Flare, staked FXRP, and in cover.
Check here:
https://t.co/ZqNCuZ4Fc7
All capital in the protocol is utilized to back active coverage and is subject to slashing if a validated claim exhausts the First-Loss Buffer.
Stakers accept that exposure in exchange for a share of protocol emissions.
Learn more.
https://t.co/3dRvTSSOQM
@Firelightfi@jrdothoughts FLT Genesis allocation — built from FXRP staking, cover participation, early Flare protocol history.
Check here:
https://t.co/ZqNCuZ4Fc7
@Firelightfi@jrdothoughts FLT Genesis allocation — built from FXRP staking, cover participation, early Flare protocol history.
Check here:
https://t.co/ZqNCuZ4Fc7
@Firelightfi@jrdothoughts FLT Genesis Distribution opens — qualification factors include FXRP staking, cover participation, and early Flare activity.
Check eligibility:
https://t.co/ZqNCuZ4Fc7
@Firelightfi@jrdothoughts FLT Genesis Distribution opens — qualification factors include FXRP staking, cover participation, and early Flare activity.
Check eligibility:
https://t.co/ZqNCuZ4Fc7