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“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.”

Jesus Rodriguez

CO-FOUNDER AND CPO OF SENTORA

Why Firelight

Firelight enables economic protection for DeFi assets with smart, on-chain cover mechanics while unlocking sustainable, real rewards for stakers.

Ultimate Risk Protection

Firelight enables the creation of DeFi’s most comprehensive on-chain risk protection.

XRP Rewards

Earn staking rewards on XRP with programmatic exposure to tier-one DeFi protocols.

Institutional Readiness

Build with the resilience, controls, and scale required by institutional liquidity providers and cover buyers.

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 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.

How Firelight Enables a DeFi Cover Marketplace

Stake Assets

Stake assets through a DeFi cover staking layer, where funds are programmatically secured in non-custodial DeFi Cover vaults.

Coverage Framework

DeFi coverage frameworks are registered on-chain, allowing third parties to securely purchase coverage through an agent.

Earn Fees

Through automated cover contracts, stakers are entitled to their share of fees from cover buyers.

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

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.

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.

Incubated by Sentora

Sentora, a market leader in institutional DeFi, curates over 1,000 risk management models, with billions deployed into DeFi strategies.

1,000+

Risk Models

$2B

IN ASSETS DEPLOYED

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

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.

Frequently Asked Questions

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?

Need More Details?

Check out Firelight’s documentation.

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Download Litepaper

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Staking XRP and earning rewards is only minutes away.

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