Flare Devs(@FlareDevHub):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.

2026.10.15 17:53

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.