Super excited about this partnership: Today, @Firelightfi brings onchain cover to @LidoFinance’s Lido Earn: EarnETH and EarnUSD. DeFi has gotten very good at compressing complexity into a deposit button. Underneath, the dependency graph keeps running. EarnETH puts ETH and stETH to work across established DeFi protocols. EarnUSD accesses USD-denominated strategies with transparent asset selection and risk controls. Protection extends to the vault contracts and the integrated protocols where they deploy capital. Eligible events include contract exploits, oracle failures, governance attacks, mechanism-driven bad debt and depegs, and redemption failures caused by protocol defects, subject to coverage terms and limits. Scope, price and capacity are registered onchain and refreshed every 30 days as allocations evolve. Capacity sits at the vault level. Exposure is monitored continuously. An independent Risk Consortium validates events. This connects two ideas I keep writing about: a vault is a risk graph, and serious DeFi infrastructure should make both deposited capital and covered capital visible. The vision for Firelight is programmable protection built into financial products. Defined failure modes. Visible capacity. Capital standing behind the cover. We already made yield composable. Now we need to make protection equally easy to integrate. That is how DeFi becomes infrastructure people can build lasting financial products on.