Hugo Philion

Almost all future usecases of the blockchain (AI, Gaming, Identity, Real World Assets etc) will require some amount of external data attested onto chain. Decentralisation (without it there is no safety), scalability and low latency are key. Flare is the blockchain for data. #connecteverything

Looking forward to discussing how blockchain is providing necessary infrastructure and what the challenges are.

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

Next Monday, I’ll be giving a workshop on how to expand the capabilities of the XRPL using Flare and Smart Accounts. Time to build!

Spectra stXRP markets. @GamiLabs routed MetaVault FXRP liquidity into stXRP in seconds after the cap raise. Consider this your reminder that YT & LP tokens on @spectra_finance get a 2x Firelight Points boost this month. x.com/GamiLabs/statu…

I’m not sure how incorporating that data in the block would automatically flow value capture from ecosystem activity. Think more along the lines of a systemic value capture from all ecosystem activity that aims to replace inflation and leads to ongoing token supply reduction. Anyway that’s all I will say at this point until the governance proposal is released.

It’s actually much better, and more radical, than I expected. Just speculation, but here’s what I think he means: No, It’s not some sort of lock up or fees paid in flr, just to use the network. Locking tokens just to use a system limits growth. We don’t want that. (Sometimes that’s necessary for institutions/corporations but I don’t think that’s what he’s talking about here). Here’s what I think he’s talking about: A new block format where every block incorporates verifiable, on-chain attestations of ecosystem activity. (think FAsset collateral/mints, liquidity, data requests via oracles, etc). The data becomes part of the block. When the data becomes part of the block, the “value capture” flows from it. (Which is very radical indeed. Others try to do it through DAO’s, this is built into the chain). So, ideas we’ve mentioned in the past are still in play, they’ll just flow through the block/protocol, rather than through a DAO or something else. (Again, much more revolutionary). Burns, buybacks, boosted staking yields, XRPFi liquidity, RWA yields, rewards, or anything really, are performed at the block/protocol level. It turns $FLR into equity that scales with adoption. Again, just speculation until the FIP is released, but suffice to say I remain super pumped about it. Hopefully this week!

When feature-complete ships: > stXRP becomes active TVL and starts underwriting onchain cover > Protocols buy cover > Stakers earn fees from actual demand > TVL becomes TVC The cap filling now is what makes that market possible. And @SentoraHQ — with $2B deployed & 1000+ risk models — can ship it.

DeFi has TVL. Now it has TVC. Total Value Covered tracks defended capital rather than deposited capital. @Firelightfi, incubated by @SentoraHQ, is introducing it alongside a cap raise to 65M FXRP on @FlareNetworks. More in this Spotlight: dlnews.com/research/inter…

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

You can now optimize your $stXRP holdings by using the Flare XRP Yield Prime on @spectra_finance app.spectra.finance/metavaults/fla…

Gami Labs was among the first to secure capacity, seconds after the @Firelightfi cap raise, allocating $1.6M from our Spectra MetaVault to stXRP. XRP LPs now capture up to 9.82% APY & 2x points with zero manual monitoring - all on @FlareNetworks app.spectra.finance/metavaults/fla…

@Firelightfi has increased their cap. 🧢 But for developers, this is the information to build tools: Contract: flare-explorer.flare.network/address/0x4C18… Guide on @FlareDevHub dev.flare.network/fxrp/firelight Guides on Firelight docs: docs.firelight.finance/technical-docu… Let me know if you are building something with FXRP, and I want to have a personal call to learn more!

After years of working with leading DeFi organizations, protocols, and allocators, one thing is clear: DeFi needs a protection primitive. Today, Firelight raised its deposit cap, a key step as the protocol gears up for its feature-complete release.

The activity is increasing. 👀 Actively monitoring FXRP movement in the blockchain explorer: flarescan.com/token/0xAd552A…

The cap raise is filling quite fast as @FlareNetworks consolidates its TVL at new levels.

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…

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.

13,670,000 XRP staked in 20 minutes

1.5 hours to the Firelight cap raise! This will increase the deposit cap to 65 million $FXRP, enabling more participants to stake on Firelight. Prepare your $FXRP and $FLR ahead of time. Get up to speed on how: @Firelight/preparing-your-fxrp-for-firelight-8232cb940d13" target="_blank" rel="nofollow noopener">medium.com/@Firelight/pre… Light it up! 🔥

Korea is a big market for XRP. We are working to build a solid community and increase Flare’s engagement in Korea. 🇰🇷

Firelight is a protocol built around the idea of covered capital to help underwrite DeFi risk. High-quality external collateral can serve as first-loss protection for DeFi protocols, while giving asset holders a way to put passive assets to work. When a user stakes through @Firelightfi, the asset is locked or escrowed on its native chain, while a corresponding representation is created in the DeFi environment where the protocol operates. That asset representation is deposited into a Reserve Vault managed by a qualified custodian, whose main role is to back Firelight’s cover portfolio. This expands the system’s underwriting capacity, allowing more cover to be written. In return, the staker receives a pro-rata claim on premiums and rewards.