The borrow caps for #USDT0 and #FXRP
(in the FXRP - USDT0 ISO Market)
have just been raised!🤩
Remember, newly raised borrow caps are typically quickly reached, so please be patient if you aren't able to borrow this time🙏
Education is the on-ramp.
Revolut's Flare Learn program is now live.
Reaching over 60M+ users across 36 countries, many getting into crypto for the first time through FLR on Revolut.
📲https://t.co/1SzPHlGqz1
The XRP Flare Account has surpassed $5M in TVL over the last couple of weeks☀️
The XRP Flare Account is a fully on-chain vault that lets you earn from diversified Flare opportunities as a one-step door to on-chain XRPFi.
And, this is just getting started!
Project @Firelightfi takes inspiration from (re)staking platforms like EigenLayer and Symbiotic—but we’ve made some deliberate departures.
(Re)staking has been a clever architectural idea: reuse staked capital to bootstrap new forms of network security. But as the cycle matured, the model has struggled to meet its original promise. Why?
Cost of capital. Restaked ETH competes with ETH’s native staking yield. If you’re taking on incremental risk, the incremental yield must clear a higher bar—and too often (re)staking rewards trade below plain staking. That math simply doesn’t scale.
Viable use cases. “Borrowing” security is interesting, but adoption has been thin. Many potential consumers of that security are early-stage and can’t afford it; technical integrations remain complex and limited, which narrows the surface for real demand.
Layer on top the points fatigue—long, open-ended campaigns that trained expectations but under-delivered at TGE—and you get a model that needs recalibration. That’s an execution problem as much as a design one, but it still matters.
Firelight’s approach: keep what works, change what doesn’t. We target assets with a lower cost of capital (e.g., XRP, XLM) and focus on a single, high-conviction application: DeFi cover/insurance. Instead of being a generic “security marketplace,” we’re laser-focused on underwriting and protecting tier-one DeFi markets—where demand is tangible and risk modeling actually matters. And on incentives: we’ll keep points programs short, transparent, and tied to real participation—no endless gamification loops.
We’ll face our own challenges, no doubt. But we’re choosing different input variables: cheaper capital, a narrower scope, deeper integrations, and concrete deliverables. If (re)staking was a great prototype for reusing trust, Firelight is our attempt to productize that insight where it can create immediate, defensible value—coverage that DeFi actually needs.
Firelight is enabling a new primitive in DeFi - scalable, and on-chain coverage.
Designed to enable staking for on-chain DeFi coverage, we're providing an institutional-grade solution backed by $XRP staking.
Here's how it works. 🔥