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

𝐅𝐢𝐫𝐞𝐥𝐢𝐠𝐡𝐭 𝐂𝐚𝐩 𝟐 𝐏𝐚𝐫𝐭𝐲 𝐒𝐩𝐚𝐜𝐞 𝐑𝐞𝐜𝐚𝐩 ━━━━━━━━━━━━━━━ Host: @Firelightfi Speakers: @0xthanos @gablahbo @ConnorSullie Did you miss the space? Don’t worry, your girl caught it LIVE! 👇 The host touched down on the recent cap increase. Firelight’s deposit cap has now been increased to 65 million XRP, and the uptake has been heavy. 𝐂𝐚𝐧 𝐲𝐨𝐮 𝐠𝐢𝐯𝐞 𝐮𝐬 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐩𝐢𝐜𝐭𝐮𝐫𝐞? 𝐇𝐨𝐰 𝐡𝐚𝐬 𝐭𝐡𝐞 𝐜𝐚𝐩 𝐫𝐚𝐢𝐬𝐞 𝐠𝐨𝐧𝐞 𝐬𝐨 𝐟𝐚𝐫? ━━━━━━━━━━━━━ The speakers explained that: The first cap raise was 25 million XRP back in December and it got filled in just 6 hours. This time, they added 40 million XRP, bringing it to 65 million XRP total. And already, over 50% was filled within the first day. Impressively, this has been purely retail-driven same as the first cap. Just the Flare and XRP community showing up strong. These deposits will eventually become collateral used to provide coverage for other users in DeFi. Then the question came up: 𝐀𝐫𝐞 𝐰𝐞 𝐬𝐞𝐞𝐢𝐧𝐠 𝐭𝐡𝐞 𝐝𝐞𝐦𝐚𝐧𝐝 𝐬𝐤𝐞𝐰 𝐦𝐨𝐫𝐞 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥𝐥𝐲, 𝐨𝐫 𝐢𝐬 𝐢𝐭 𝐫𝐞𝐭𝐚𝐢𝐥 𝐭𝐡𝐚𝐭'𝐬 𝐬𝐡𝐨𝐰𝐢𝐧𝐠 𝐮𝐩? ━━━━━━━━━━━━━━━━━ Right now? It’s mostly retail. There’s strong momentum from the community. But institutions are definitely coming. The goal is to bring in: ➩ Centralized exchanges ➩ Traditional finance players ➩ Big players who haven’t entered DeFi yet. Why? Because this coverage layer will help protect their deposits, which is a big deal for them. Another speaker emphasized a major issue 👇 ‘𝐇𝐨𝐰 𝐝𝐨 𝐰𝐞 𝐡𝐚𝐯𝐞 𝐩𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐨𝐮𝐫 𝐮𝐬𝐞𝐫𝐬’ 𝐚𝐬𝐬𝐞𝐭𝐬 𝐢𝐟 𝐭𝐡𝐞𝐫𝐞 𝐰𝐚𝐬 𝐬𝐨𝐦𝐞 𝐭𝐲𝐩𝐞 𝐨𝐟 𝐬𝐦𝐚𝐫𝐭 𝐜𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐞𝐱𝐩𝐥𝐨𝐢𝐭 𝐨𝐧 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞𝐬𝐞 𝐩𝐫𝐨𝐭𝐨𝐜𝐨𝐥𝐬?’ ━━━━━━━━━━━━━━━━━ That’s a concern, especially for institutions. Yes, companies like Kraken and Coinbase have shown it’s possible… But a lot of institutions are still on the sidelines thinking: “I want in… but I need to get a lot more comfortable with this risk. I need a partner that can help me make sense of this risk and also price it appropriately.” That’s where Firelight comes in. The host then shifted to FXRP 👇 𝐅𝐗𝐑𝐏 𝐜𝐫𝐨𝐬𝐬𝐞𝐝 𝟏𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐦𝐢𝐧𝐭𝐞𝐝, 𝐰𝐡𝐢𝐜𝐡 𝐰𝐚𝐬 𝐚 𝐥𝐚𝐧𝐝𝐦𝐚𝐫𝐤 𝐧𝐮𝐦𝐛𝐞𝐫. 𝐇𝐨𝐰 𝐥𝐨𝐧𝐠 𝐝𝐢𝐝 𝐢𝐭 𝐭𝐚𝐤𝐞 𝐭𝐨 𝐠𝐞𝐭 𝐭𝐡𝐞𝐫𝐞 𝐚𝐧𝐝 𝐰𝐡𝐚𝐭 𝐝𝐫𝐨𝐯𝐞 𝐭𝐡𝐞 𝐚𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐢𝐨𝐧? ━━━━━━━━━━━━━━━━━ A Flare team member shared the backstory: They identified a problem: ‘How can we activate these assets that aren't currently yield bearing to become yield bearing, or at least be used within DeFi as a capital asset?’ They started small: • 5M caps • 10M caps And kept increasing as everything worked smoothly. Eventually, it scaled up to 50–60M FXRP… and then beyond. Growth was driven by: ➩ The Flare DeFi ecosystem ➩ More use cases for FXRP ➩ Collaboration with Firelight to deliver yield at scale. He also mentioned Flare Smart Accounts. 👇 This allows users to deposit into yield protocols in just 2 clicks directly from XRPL wallets like Xaman . Then came the alpha 👀 𝐖𝐡𝐚𝐭 𝐨𝐭𝐡𝐞𝐫 𝐧𝐞𝐰 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬 𝐚𝐧𝐝 𝐩𝐫𝐨𝐭𝐨𝐜𝐨𝐥𝐬 𝐡𝐚𝐯𝐞 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐝 𝐨𝐫 𝐚𝐫𝐞 𝐜𝐥𝐨𝐬𝐞 𝐭𝐨 𝐥𝐚𝐮𝐧𝐜𝐡𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐩𝐞𝐨𝐩𝐥𝐞 𝐜𝐚𝐧 𝐥𝐨𝐨𝐤 𝐨𝐮𝐭 𝐟𝐨𝐫? ━━━━━━━━━━━━━━━━━ Some mentions: ➩ Mystic & Morpho ➩ Upshift (great for passive yield) ➩ Spark DEX (for trading) ➩ Kinetic (borrowing) ➩ Spectra (for yield strategies & LPs) 𝐖𝐡𝐞𝐫𝐞 𝐝𝐨 𝐲𝐨𝐮 𝐬𝐞𝐞 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐦𝐞𝐚𝐧𝐢𝐧𝐠𝐟𝐮𝐥 𝐬𝐩𝐚𝐜𝐞 𝐫𝐞𝐦𝐚𝐢𝐧𝐢𝐧𝐠? 𝐈𝐬 𝐢𝐭 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞, 𝐨𝐫 𝐰𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐠𝐚𝐩𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭? ━━━━━━━━━━━━━━━━━ The speakers pointed out Coverage / Insurance. 𝐒𝐨 𝐰𝐡𝐚𝐭'𝐬 𝐧𝐞𝐱𝐭?? 👇👇

The $8M CDP mint cap for FXRP has been reached! A total of $8.5M CDP has been minted against FXRP and wFLR combined. Caps will be raised shortly to keep up with the demand for XRPFi on @FlareNetworks.

Next step Use high performance confidential compute - from the blockchain with fxrp and great ux.

Intro to TEEs on Flare: how it works and why it’s core to what we’re building. Secure computation in a sealed environment. Proof that the code did what it said. Developer or not, you'll want to tune in. RSVP: luma.com/i4jzth8l

Say hi to our CPO @j00sko at tomorrow’s EPFL Blockchain Student Association conference: Stablecoins & Payments. We’ll be on a panel sharing updates on Flare Smart Accounts, AI agents, and upcoming Confidential Compute.

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

Flare’s opportunity is to become the chain that makes idle XRP productive. Then do the same with other idle assets. While most crypto DeFi still leans speculative, Flare is positioned to build financial-grade XRPFi: simple, transparent, and increasingly institutional-quality yield products that let XRP holders earn without needing to become crypto-native traders.

【日本語翻訳】 おおおおお！ 今年後半以降が楽しみですね☺️ －－－－－－－ これはFlareの提唱する理論の大部分を占めるものであり、 私たちはClearstarのようなキュレーター、FirelightやMorphoといったdApp、そしてFlareスマートアカウントのようなUIの向上を通じて、XRPFiを切り拓いています。 BTCとXRPは、市場にある約2兆ドルの資産のうち1.5兆ドルを占めていますが、その大部分は未活用のまま眠っています。 今年の後半には、これに加えてBTCFiも導入する予定です。 @FlareNetworks #FlareNetwork #FLR #BTC #XRP

This is a large part of Flare’s thesis and what we are pioneering with XRPFi through curators like Clearstar, dapps like Firelight and Morpho and UI enhancements like Flare smart accounts. BTC & XRP are 1.5 Trn of the roughly 2 Trn in assets that are sitting largely unutilised. Later this year we will be adding BTCFi.

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!