Firelight is partnering with @Lombard_Finance
The collaboration introduces two major paths:
→ covered Bitcoin Smart Account vaults
→ BTC-backed coverage pools
Bringing Bitcoin into onchain economic security is a major step toward more resilient DeFi infrastructure.
In Phase 2 of launch, Firelight unifies staking with onchain coverage. 🔥
Users stake assets to help secure specific DeFi applications, such as Sentora or Lombard vaults, against technical and economic risks while earning usage-based fees.
The longer you hold $stXRP, the more Firelight Points you accrue. 🔥
Points are earned based on:
→ $stXRP holdings
→ How long you hold them
→ Early participant Point Boosts
Hold $stXRP or deploy it across @FlareNetworks DeFi ecosystem to maximize participation rewards.
Bitcoin Smart Account is on an expansion.
@Lombard_Finance x @Firelightfi is together shaping the BTCFi infra into a more structured and standard one.
Key takes on the collab:
+ Users on Lombard can deploy BTC into DeFi vault strategies protected by Firelight coverage
+ Firelight vaults operate as collateral backing coverage capacity
FYI, Firelight has been building their coverage around Flare’s FXRP ecosystem, adding Lombard (LBTC, BTC.b and Bitcoin Smart Accounts) is the next step of diversifying the ecosystem.
Join our X Space with @lombard_finance today at 3PM CET on Bitcoin liquidity meeting institutional-grade risk management.
We’ll explore Firelight expanding BTC in onchain risk: as an asset in covered strategies and collateral for coverage capacity.
https://t.co/yv4SApBh7F