Went up with @CoinDesk yesterday:
Cover on @krakenfx, capital on @FlareNetworks .
Every onchain product @Firelightfi covers, draws on one pool: staked FXRP.
XRP reaches that pool through FAssets, from the XRPL wallet you already use.
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Firelight is a good example of Flare infrastructure reaching financial products outside the Flare ecosystem.
The $30.5M of cover added to Kraken’s USDC vault is powered by Firelight on Flare, with coverage backed by staked FXRP through the FAssets system.
Coverage terms and capacity are registered onchain, independent risk assessors validate eligible incidents, and approved payouts are executed programmatically.
This gives products like Kraken’s USDC vault access to a shared onchain protection layer without having to build the coverage infrastructure themselves.
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Two weeks since FCC’s first application landed on Songbird: @Hex_Trust’s USDX proof of reserves.
Hex Trust supplies the inputs. They stay sealed in a TEE. Only the signed result is onchain.
Read the launch →
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USDC VAULT ON @krakenfx ADDS $30.5M COVER
Firelight cover is live for specified protocol failures. Payouts carry a $100,000 cap per address per coverage period, depend on available capital and aren't guaranteed by the exchange.
Read more here:
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We backed Firelight because they are a highly serious team.
They have launched with some of the biggest partners in the industry from day 1.
There is space in the Firelight vault for additional deposits and Firelight is now available via Flare Smart Accounts.
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Huge! Congratulations @Firelightfi @jrdothoughts
I think there’s a massive opportunity for builders to create consumer products on Flare.
Most of the interoperability stack is now live, and you can build onchain experiences that are much harder to put together elsewhere.
And the surface area should only grow from here.
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Wait until FSA loan is enabled, hearing very good things from our devs.
It’s time for XRP to power the largest onchain credit market on earth.
A milestone for XRP Finance: stXRP now has a live rate, reflected on Spectra markets @FlareNetworks.
On Spectra, that rate can be fixed, traded and priced in a market built around it. Emissions from @Firelightfi have just started and the rate is building up.
What that means ↓
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Satoshi test in progress.... ⏲️👀
@ChadSteingraber Built on Flare. 🔥
@ChadSteingraber Built on Flare. 🔥
Spent some time last week with @scottmelker discussing @Firelightfi , DeFi cover and our ambitious vision. As always sharp questions and an interesting debate.
Understanding how Firelight staking works is essential to making informed decisions.
Our latest guide breaks down staking, rewards, risk and exit options, with clear examples of how timing affects the unstaking process.
Learn more. 👇
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📍 Where to meet Flare next: Ripple Swell 2026 in NYC.
Join us October 27–29, where @HugoPhilion will take the stage to discuss how Flare has been advancing DeFi for XRP.
From FXRP and lending markets to onchain yield, Flare Smart Accounts, and the expanding XRPFi ecosystem, there’s plenty to discuss.
Come meet the Flare team! ☀️
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One glance at the docs (literally 2-5minutes) made it clear that the game was to skew the Hyperliquid price.
Flare cares intensely about the integrity and decentralisation of data. That’s why we will win.
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Oracle design is one of the hardest problems in defi
For this problem, Papertrade came up with a novel solution:
List it under Risk as "unresolved vector" and do absolutely nothing
@ib6209 Flare and FLR are intertwined. Flare is structured to drive revenue to FIRE. Thus the more Flare, or protocols built using Flare, are used the more revenue accrues to Fire.
@ib6209 Flare and FLR are intertwined. Flare is structured to drive revenue to FIRE. Thus the more Flare, or protocols built using Flare, are used the more revenue accrues to Fire.
