The Firelight deposits cap has been increased to 65 million FXRP. Follow our updates on official channels for more information
The Firelight deposits cap has been increased to 65M FXRP. Follow our updates on official channels for more information.
The Firelight deposits cap has been increased to 65M FXRP
Follow our updates on official channels for more information.
The Protection Layer
The Protection Layer
The Protection Layer
for Digital Assets
for Digital Assets
for Digital Assets
Institutional-grade embedded coverage for on-chain solutions.
Institutional-grade embedded coverage for on-chain solutions.
Institutional-grade embedded coverage for on-chain solutions.
The information on this website is for informational purposes only and does not constitute an offer to sell or solicitation by Firelight in any jurisdiction.
Firelight does not provide professional advice, and this information should not be construed as personalized recommendations. By accessing this website, you acknowledge that you have read and agree to these terms.
The information on this website is for informational purposes only and does not constitute an offer to sell or solicitation by Firelight in any jurisdiction.
Firelight does not provide professional advice, and this information should not be construed as personalized recommendations. By accessing this website, you acknowledge that you have read and agree to these terms.
The information on this website is for informational purposes only and does not constitute an offer to sell or solicitation by Firelight in any jurisdiction.
Firelight does not provide professional advice, and this information should not be construed as personalized recommendations. By accessing this website, you acknowledge that you have read and agree to these terms.
We have spent years stress-testing risk models across the ecosystem.
Firelight leverages this proprietary dataset to do what others could not: create a capital-efficient, large-scale protocol capable of enabling coverage for technical and economic risk.
“We have spent years stress-testing risk models across the ecosystem. Firelight leverages this proprietary dataset to do what others could not: create a capital-efficient, large-scale protocol capable of underwriting technical and economic risk.”
“We have spent years stress-testing risk models across the ecosystem. Firelight leverages this proprietary dataset to do what others could not: create a capital-efficient, large-scale protocol capable of underwriting technical and economic risk.”
Jesus Rodriguez
CO-FOUNDER AND CPO OF SENTORA
Why Firelight
Why Firelight
Firelight enables economic protection for DeFi assets with smart, on-chain cover mechanics while unlocking sustainable, real rewards for stakers.
Firelight enables economic protection for DeFi assets with smart, on-chain cover mechanics while unlocking sustainable, real rewards for stakers.
Ultimate Risk Protection
Maximum Security
Firelight enables the creation of DeFi’s most comprehensive on-chain risk protection.
Your assets are protected with cutting-edge security protocols.
XRP Rewards
Earn staking rewards on XRP with programmatic exposure to tier-one DeFi protocols.
Institutional Readiness
Maximum Security
Build with the resilience, controls, and scale required by institutional liquidity providers and cover buyers.
Your assets are protected with cutting-edge security protocols.
DeFi's Economic Security Engine
Firelight transforms staked digital assets into protection for DeFi. Builders buy transparent cover; stakers earn fees for backing it.
Clear risk. Clear rewards. Clear purpose.
DeFi's Economic Security Engine
Firelight transforms staked digital assets into protection for DeFi. Builders buy transparent cover; stakers earn fees for backing it.
Clear risk. Clear rewards. Clear purpose.
Firelight Coverage Eligibility
Firelight Coverage Eligibility
Firelight enables digital asset coverage for major economic and technical risks.
Smart Contract Exploits
Losses caused by bugs or vulnerabilities exploited in the protocol’s smart contract code.
Reentrancy Failures
Losses caused by reentrancy vulnerabilities allowing repeated withdrawals before balances update correctly.
Oracle Manipulation
Losses caused by manipulation of price feeds used to determine protocol asset values.
Governance Attacks
Losses caused by malicious governance actions that alter protocol rules or drain funds.
Bad Debt
Losses caused when protocol liabilities exceed collateral and cannot be fully repaid.
Smart Contract Exploits
Losses caused by bugs or vulnerabilities exploited in the protocol’s smart contract code.
Oracle Manipulation
Losses caused by manipulation of price feeds used to determine protocol asset values.
Bad Debt
Losses caused when protocol liabilities exceed collateral and cannot be fully repaid.
Reentrancy Failures
Losses caused by reentrancy vulnerabilities allowing repeated withdrawals before balances update correctly.
Governance Attacks
Losses caused by malicious governance actions that alter protocol rules or drain funds.
How Firelight Enables a DeFi Cover Marketplace
1
Stake Assets
Stake assets through a DeFi cover staking layer, where funds are programmatically secured in non-custodial DeFi Cover vaults.
1
Stake Assets
Stake assets through a DeFi cover staking layer, where funds are programmatically secured in non-custodial DeFi Cover vaults.
2
Coverage Framework
DeFi coverage frameworks are registered on-chain, allowing third parties to securely purchase coverage through an agent.
2
Coverage Framework
DeFi coverage frameworks are registered on-chain, allowing third parties to securely purchase coverage through an agent.
3
Earn Fees
Through automated cover contracts, stakers are entitled to their share of fees from cover buyers.
3
Earn Fees
Through automated cover contracts, stakers are entitled to their share of fees from cover buyers.
4
Submit and Process Coverage Events
When a coverage event is submitted, the agent sends it to an independent consortium for review, and funds are programmatically dispersed upon approval.
4
Submit and Process Coverage Events
When a coverage event is submitted, the agent sends it to an independent consortium for review, and funds are programmatically dispersed upon approval.
How Firelight Enables a DeFi Cover Marketplace
How Firelight Enables a DeFi Cover Marketplace
1
Stake Assets
Stake assets through a DeFi cover staking layer, where funds are programmatically secured in non-custodial DeFi Cover vaults.
2
Coverage Framework
DeFi coverage frameworks are registered on-chain, allowing third parties to securely purchase coverage through an agent.
3
Earn Fees
Through automated cover contracts, stakers are entitled to their share of fees from cover buyers.
4
Submit and Process Coverage Events
When a coverage event is submitted, the agent sends it to an independent consortium for review, and funds are programmatically dispersed upon approval.
Staking Mechanism
Staking Mechanism
Firelight’s staking mechanism lets you earn rewards on your XRP without sacrificing liquidity. When you stake XRP through Firelight, the protocol automatically issues you a liquid staking token (LST) that represents your staked XRP. This token enables you to not only capture Firelight rewards, but also explore DeFi opportunities while your principal remains staked.
Firelight’s staking mechanism lets you earn rewards on your XRP without sacrificing liquidity. When you stake XRP through Firelight, the protocol automatically issues you a liquid staking token (LST) that represents your staked XRP. This token enables you to not only capture Firelight rewards, but also explore DeFi opportunities while your principal remains staked.
Institutional-grade
Firelight was developed through close collaboration with leading institutional technology partners, combining deep industry expertise and cutting-edge innovation to deliver a secure and scalable solution.
Institutional-grade
Firelight was developed through close collaboration with leading institutional technology partners, combining deep industry expertise and cutting-edge innovation to deliver a secure and scalable solution.
Institutional-grade
Firelight was developed through close collaboration with leading institutional technology partners, combining deep industry expertise and cutting-edge innovation to deliver a secure and scalable solution.
Use in DeFi
With your XRP LST, access a wide range of DeFi protocols, unlocking new opportunities to optimize potential rewards and returns.
Use in DeFi
With your XRP LST, access a wide range of DeFi protocols, unlocking new opportunities to optimize potential rewards and returns.
Use in DeFi
With your XRP LST, access a wide range of DeFi protocols, unlocking new opportunities to optimize potential rewards and returns.
Unlock Anytime
Your XRP is locked on the XRP Ledger when you stake, but unstaking is straightforward. Once you initiate the process, XRP is unlocked automatically after a brief unbonding period.
Unlock Anytime
Your XRP is locked on the XRP Ledger when you stake, but unstaking is straightforward. Once you initiate the process, XRP is unlocked automatically after a brief unbonding period.
Unlock Anytime
Your XRP is locked on the XRP Ledger when you stake, but unstaking is straightforward. Once you initiate the process, XRP is unlocked automatically after a brief unbonding period.
Incubated by Sentora
Incubated by Sentora
Incubated by Sentora
1,000+
1,000+
Risk Models
$2B
$2B
IN ASSETS DEPLOYED
300+
300+
Strategies Monitored
Security and Audits
Firelight uses Flare’s FAssets to bring XRP into the protocol. The FAssets bridge is fully overcollateralized, decentralized, and extensively audited, providing a robust on/off-ramp for XRP into DeFi.
Firelight has completed two audits—one by OpenZeppelin and one by Coinspect, and has a bug bounty program supported by Immunifi to help ensure maximum security.
Why Protocols Integrate Firelight
Why Protocols Integrate Firelight
Protocols that integrate Firelight unlock a new layer of value: higher user trust, stickier TVL, and a safer experience — all without touching their core mechanics. It’s a seamless way to offer peace of mind and stand out in a competitive DeFi landscape.
Others
Struggle to grow or retain TVL due to user uncertainty.
Lose credibility by relying on vague, unverifiable risk assumptions.
Blend into the crowd with no clear identity or competitive edge in a saturated DeFi market.
Unlock new institutional capital by providing security coverage.
Transform smart contract risk into collateral risk.
Enable more robust financial primitives.
Insights
Explore our latest articles
Introducing the Firelight Risk Consortium
Firelight launches risk consortium with GFX Labs, Hypernative, Credora, Native, and Cyfrin to provide a transparent neutral review process for onchain cover events.
Firelight Partners with Lombard to enable Bitcoin as DeFi Coverage Asset
Firelight Protocol is partnering with Lombard, the protocol behind LBTC, BTC.b, and Bitcoin Smart Accounts, to explore how Bitcoin could be used within DeFi coverage markets. The collaboration is currently focused on two potential paths: covered Bitcoin Smart Account DeFi vaults for Lombard users, and a Bitcoin-backed coverage vault on the Firelight side where deposited BTC could serve as collateral backing coverage capacity.
Tranches Mitigate. Cover Protects.
Why a senior tranche position is not insurance, and what cover actually addresses.
Beyond the Audit: Toward a Layered Security Stack
The decentralized finance ecosystem has matured significantly, but its approach to security remains incomplete. For years, smart contract audits have been treated as the primary signal of safety. A completed audit often serves as a launch milestone, a trust badge, and in many cases, a perceived endpoint for risk mitigation; that framing is no longer sufficient.
Firelight and Sentora to Launch Cover for DeFi Vaults
Firelight Protocol is proud to announce its integration with Sentora, the leading institutional DeFi risk curator, to provide native DeFi cover for Sentora’s public and private vaults.
The Resolv Exploit: A Case for Pricing Upstream Risk
The Resolv exploit exposed a deeper flaw in DeFi: risk doesn’t stop at the point of failure—it propagates through the entire system. As collateral breaks, oracles lag, and bad debt accumulates, the absence of continuous risk pricing becomes impossible to ignore. This piece explores why DeFi needs to move beyond static audits and start underwriting risk at its source.
Firelight Deposit Cap has been raised to 65 million FXRP
We’ve increased the deposit cap on Firelight Protocol to 65 million FXRP, following significant demand from the community after our Phase 1 launch. This cap increase enables participants to deploy FXRP and stake on Firelight.
Firelight Boost Month
We’re launching the Firelight Boost Month, a temporary point multiplier that kicks in automatically for anyone participating in eligible protocols.
Introducing the Firelight Risk Consortium
Firelight launches risk consortium with GFX Labs, Hypernative, Credora, Native, and Cyfrin to provide a transparent neutral review process for onchain cover events.
Firelight Partners with Lombard to enable Bitcoin as DeFi Coverage Asset
Firelight Protocol is partnering with Lombard, the protocol behind LBTC, BTC.b, and Bitcoin Smart Accounts, to explore how Bitcoin could be used within DeFi coverage markets. The collaboration is currently focused on two potential paths: covered Bitcoin Smart Account DeFi vaults for Lombard users, and a Bitcoin-backed coverage vault on the Firelight side where deposited BTC could serve as collateral backing coverage capacity.
Tranches Mitigate. Cover Protects.
Why a senior tranche position is not insurance, and what cover actually addresses.
Beyond the Audit: Toward a Layered Security Stack
The decentralized finance ecosystem has matured significantly, but its approach to security remains incomplete. For years, smart contract audits have been treated as the primary signal of safety. A completed audit often serves as a launch milestone, a trust badge, and in many cases, a perceived endpoint for risk mitigation; that framing is no longer sufficient.
Introducing the Firelight Risk Consortium
Firelight launches risk consortium with GFX Labs, Hypernative, Credora, Native, and Cyfrin to provide a transparent neutral review process for onchain cover events.
Firelight Partners with Lombard to enable Bitcoin as DeFi Coverage Asset
Firelight Protocol is partnering with Lombard, the protocol behind LBTC, BTC.b, and Bitcoin Smart Accounts, to explore how Bitcoin could be used within DeFi coverage markets. The collaboration is currently focused on two potential paths: covered Bitcoin Smart Account DeFi vaults for Lombard users, and a Bitcoin-backed coverage vault on the Firelight side where deposited BTC could serve as collateral backing coverage capacity.
Tranches Mitigate. Cover Protects.
Why a senior tranche position is not insurance, and what cover actually addresses.
Beyond the Audit: Toward a Layered Security Stack
The decentralized finance ecosystem has matured significantly, but its approach to security remains incomplete. For years, smart contract audits have been treated as the primary signal of safety. A completed audit often serves as a launch milestone, a trust badge, and in many cases, a perceived endpoint for risk mitigation; that framing is no longer sufficient.
Firelight and Sentora to Launch Cover for DeFi Vaults
Firelight Protocol is proud to announce its integration with Sentora, the leading institutional DeFi risk curator, to provide native DeFi cover for Sentora’s public and private vaults.
The Resolv Exploit: A Case for Pricing Upstream Risk
The Resolv exploit exposed a deeper flaw in DeFi: risk doesn’t stop at the point of failure—it propagates through the entire system. As collateral breaks, oracles lag, and bad debt accumulates, the absence of continuous risk pricing becomes impossible to ignore. This piece explores why DeFi needs to move beyond static audits and start underwriting risk at its source.
Frequently Asked Questions
Frequently Asked Questions
Find quick answers to the most common questions about Firelight
Find quick answers to the most common questions about Firelight
How will Firelight enable rewards?
How does XRP staking work?
What is the role of the Flare Network?
What events are covered?
What can be done with Firelight Points?
What happens when covered events occur?
How is Firelight different from insurance?
How will Firelight enable rewards?
How does XRP staking work?
What is the role of the Flare Network?
What events are covered?
What can be done with Firelight Points?
What happens when covered events occur?
How is Firelight different from insurance?
Need More Details?
Check out Firelight’s documentation.
Start Staking Now
Start Staking Now
Staking XRP and earning rewards is only minutes away.
Staking XRP and earning rewards is only minutes away.