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DeFiBusiness1 DAY AGO

Firelight Raises $8 Million to Backstop DeFi Vaults With Staked XRP

Compiled by KoinLens from 1 source

Importance 23Neutral* Trust 76 · 1 source2.5Market Impact: 2.5/10 · Low
The higher the score out of 10, the bigger the expected impact on the market. Heuristic estimate — not financial advice.
Firelight Raises $8 Million to Backstop DeFi Vaults With Staked XRP

The Sentora-incubated cover protocol already holds $76 million in staked XRP on Flare. Its first cover integrations go live this month, into a market where onchain protection covers about 0.1% of DeFi.

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