Firelight

The deposit cap for Firelight has now increased! Following strong demand, users can deploy $FXRP into the Firelight vault, receive $stXRP, and generate Firelight Points while putting assets to work across @FlareNetworks DeFi.

SparkDEX's Firelight integration is just the beginning. Once users stake FXRP for stXRP, SparkDEX delivers major DeFi utility. Users can swap, LP, and farm their stXRP in SparkDEX V4 pools: 🟠 WFLR -stXRP 🟠 stXRP-FXRP

@Network_Minicab @nigiri_crypto This is a fake account don’t interact

Over 50% of the cap is already filled and momentum is building fast. Users are gearing up to deploy $FXRP and stake on the protocol. Get started: app.firelight.finance

Tune in to hear the latest on the Firelight cap raise, what’s coming next, and how Phase 2 is shaping up. Set your reminders. 👇

XRP is approaching a $200B market cap, but has largely been left out of DeFi. That changes with Firelight. We’re enabling XRP holders to stake and participate in DeFi with institutional-grade security. Learn how to get started with our guide. @Firelight/step-by-step-guide-to-staking-on-firelight-in-phase-1-65678fcc49c5" target="_blank" rel="nofollow noopener">medium.com/@Firelight/ste…

Questions about the cap raise, stXRP, or how to get started? Bring them to tomorrow's @Firelightfi X Space. x.com/Firelightfi/st…

DeFi has over $100B in TVL but less than 2% has any form of risk coverage. No protection against smart contract exploits, oracle manipulation, governance attacks, or bad debt. There are exploits happening every week, with 10s of millions being stolen and no reinburstment to holders. That's the gap @Firelightfi is filling, an on-chain cover marketplace built on @FlareNetworks where XRP holders stake FXRP, back real DeFi protection, and earn fees from cover demand. You receive stXRP as a liquid staking token that stays usable across DeFi. The protocol is incubated by Sentora, they manage 1,000+ risk models and $2B+ in deployed DeFi strategies. Audited by OpenZeppelin and Coinspect. That cap is increasing today after they've hit 25% of the cap raise. I think it's definitely worth exploring, discover more below 👇

🚨 MASSIVE MOVE FOR XRP 🚨 @Firelightfi just raised its cap to 65M FXRP after insane demand 👀 This is bigger than it looks 👇 $XRP is finally getting real DeFi utility → Stake FXRP → Receive stXRP (liquid + usable across DeFi) → Earn yield AND stack additional incentives But here’s the real unlock… Firelight isn’t chasing TVL It’s introducing TVC (Total Value Covered) Meaning 👇 Not just capital deposited But capital PROTECTED 🛡️ XRP was the largest asset with no native yield That narrative is officially DEAD The DeFi layer around #XRP is forming fast 👀 Do yourself a favor and do your own research on this.

one thing defi still hasn't fixed properly: about $100bn in value locked in defi, yet only a tiny bit of that capital is actually covered against the risks that matter most: > smart contract hacks > governance attacks > oracle failure > bad debts structurally, the defi stack was built for execution: ↓ blockchains as the consensus layer ↓ smart contracts as the execution layer → on top of that sits the application layer but when something breaks, there's nothing between the app and users' funds, which is kinda wild considering the many ways things can break onchain a 2022 messari report estimated that only 2% of total defi tvl had any form of coverage meanwhile over $3B was lost to defi exploits in 2022 alone, and billions are still being lost every year this right here presents a structural gap in the tech stack and a market gap begging to be filled asap exactly where protocols like @firelightfi become interesting firelight is a defi cover protocol built on @flarenetworks that turns staked assets into a protection layer for defi apps its model is pretty straightforward: xrp is bridged onto flare as FXRP → users stake FXRP into firelight vaults → they receive stXRP (a liquid staking token) → that capital backs onchain coverage for defi protocols → protocols pay for protection → fees from the cover market flow back to stakers this way the design does two things at the same time: + gives xrp holders a new way to participate in defi more productively + creates protection capital for protocols that want transparent onchain cover pretty clean one imo and quite sustainable since the yield doesn't rely on emissions alone but from actual demand for cover over 25% of its 65m xrp cap raise have been achieved internally, less than an hour after going live this feels like a relevant unlock for xrp, cos historically, it hasn't had many defi native yield paths and on top of that, an interesting role as part of a protection layer for onchain finance now looking at the bigger picture, this goes beyond yields, it's about finally adding the missing layer that should've been there since day one defi is already good at putting idle capital to work, now it needs to get better at protecting that capital too

1,750,000+ fresh stXRP @Firelightfi units deployed on Spectra past 24h

T-4 hours until the @Firelightfi X space. Set your reminders, tune in, and hear the latest from the team. See you there.

@luminite_wallet 🔥🔥

Firelight Vault cap just went up 👀 Not sure how to get started? We’ve got you. This step-by-step walkthrough shows you exactly how to: • Deposit $FXRP • Receive $stXRP • Start earning Firelight Points Don’t miss your spot. Press play & start earning your way 👇 luminite.app/firelight/vaul…

DeFi protection is scaling. @Firelightfi's deposit cap is now 65M $XRP. Here’s how the ecosystem responded🧵

Nahh, this is HUGE… 
Cap raised and already over 50% filled… you know what that means??? On our upcoming FlareCoffeeHour 9.0, ☕ we will be firing up the light with our special guest @Firelightfi.. Set your reminders… and don’t snooze #FlareCoffeeHour 9.0 #FlareNetworks

20M FXRP staked in 4 hour 🔥 Explore XRPFi with a wallet built for it ↓

Firelight's deposit cap is 50% filled! Demand is ramping up fast as users position to deploy $FXRP and stake on the protocol. If you’re planning to participate, now’s the time to get ready: app.firelight.finance

@Cryptoinsightuk @HugoPhilion @SparkDexAI Hi! Depending on where your stXRP is deployed, you’ll earn either 2x or 4x your normal point rate for the duration of the boost period. For SparkDEX, there's a 4X multiplier on points. Thanks

@Firelightfi @HugoPhilion How does the points multiplier on @SparkDexAI work?

25% of the cap raise to 65M FXRP has been filled within minutes! This cap raise is designed to enable greater participation, allowing users to deploy FXRP and stake on the protocol. Get all the details of the raise here. @Firelight/firelight-deposit-cap-has-been-raised-to-65-million-fxrp-900e1e116510" target="_blank" rel="nofollow noopener">medium.com/@Firelight/fir…