Firelight
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@Firelightfi
The Protection Layer for Digital Assets. Incubated by @sentoraHQ Official Discord Server: https://t.co/JG45Dw5xN7
Central to the Firelight Risk Consortium is an independent panel of leading security and risk firms. @HypernativeLabs brings industry-leading threat intelligence and security monitoring capabilities to support claims assessments. Learn more about this integral partnership. 🤝
Where does the payout come from? Stakers deposit stXRP into the Firelight vault, and that pooled capital backs every active cover position. When an incident is validated, the payout is drawn from that staked capital. Without staked capital, there is no cover.
On-chain cover for DeFi works like this on Firelight: a program operator enables cover on a vault they run. If a qualifying incident hits, the protocol pays out in stablecoins, and the operator distributes those proceeds to the affected depositors.
As Phase 2 approaches, @Firelightfi’s docs now cover the full Coverage stack: for stakers, operators, and anyone following the rollout. - What’s covered and how claims work - Staker flow and operator enablement - Phase 2 architecture and reference material Read the updated docs → docs.firelight.finance
DeFi moves fast, risk moves faster. Join Firelight, @HypernativeLabs, and @FlareNetworks for a discussion on DeFi risk, emerging threats, and how Firelight's Risk Consortium was constructed. 👇 Tune in on 18 June, 3PM CET. x.com/i/spaces/1Xxyg…
