Important evolution for XRPFi risk management.
Aligning unstaking periods with active coverage ensures the protocol maintains sufficient backing while providing transparent reward and risk mechanics.
Sustainable DeFi requires balancing yield opportunities with robust protection
Phase 2 changes how unstaking works.
Once FXRP is backing active coverage, it can't be withdrawn until its coverage obligations are complete.
The unstaking window extends to align with 30-day cover periods, ensuring capital remains available while claims can be validated and
Coverage protects against two core DeFi risks: technical failures in code and infrastructure, and economic failures in protocol design.
From direct bad debt to collateral-driven structural impairments, every claim is backed by clear triggers and verifiable on-chain evidence.
In Phase 2, every active Firelight coverage position is represented by a cover token, held by the program operator.
It is not a collectible NFT but an on-chain record of a coverage position, including the beneficiary address and the full coverage state for each 30-day period.
In Phase 2, every active Firelight coverage position is represented by a cover token, held by the program operator.
It is not a collectible NFT but an on-chain record of a coverage position, including the beneficiary address and the full coverage state for each 30-day period.
Locking capital until the cover period ends is a standard rule in DeFi insurance protocols.
Yet, Firelight is currently the only live protocol that turns staked FXRP into underwriting capital for onchain cover while also giving stakers a liquid token (stXRP).
Phase 2 changes how unstaking works.
Once FXRP is backing active coverage, it can't be withdrawn until its coverage obligations are complete.
The unstaking window extends to align with 30-day cover periods, ensuring capital remains available while claims can be validated and
Phase 2 changes how unstaking works.
Once FXRP is backing active coverage, it can't be withdrawn until its coverage obligations are complete.
The unstaking window extends to align with 30-day cover periods, ensuring capital remains available while claims can be validated and settled.
At the same time, streamed emissions and slashing both go live, so earning rewards and providing cover now come as a single package.
🚨 Beware of impersonators and scams.
This is the only official Firelight X account, and there is only one official Discord: discord.gg/m9APzp5KrJ.
Please do not engage with fake accounts claiming to represent us.
Firelight Phase 2 is approaching!
In Phase 2, existing positions will automatically migrate into active staking, protocol emissions will begin streaming, slashing goes live, and staked capital starts backing cover.
Here's a summary of the key changes
firelight.finance/articles/every…
Claims are only as credible as the evidence behind them.
With @cyfrin's code-level forensic expertise, the Firelight Risk Consortium delivers independent, and defensible exploit assessments, raising the standard for onchain risk and institutional-grade claims resolution.
Firelight is rewarding early contributors. 🔥
If you've accrued points, you'll be able to claim a share of a dedicated $FXRP emissions pool.
Each early contributor's share is proportional to their points at snapshot, relative to all eligible points.
Learn more. 👇
Early contributor rewards are almost here!
If you’ve accrued Firelight Points, you'll soon be able to claim your share of a dedicated emissions pool in $FXRP.
Get the full breakdown of eligibility, rewards, and the upcoming claims process. 👇
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