Firelight Introduces DeFi Insurance Backed by Staked XRP

DeFi protocol Firelight has introduced an insurance service backed by 50.2 million staked XRP on the Flare network, with an aggregate cap of $115 million.

October 6, 2026, 08:55 PM·0 views

Photo: Crypto Briefing

Firelight, a DeFi protocol incubated by Sentora, has officially launched an insurance coverage service. The platform utilizes 50.2 million XRP tokens staked on the Flare network to provide security for decentralized finance operations.

The staked assets serve as backing for coverage against specific risks, including smart-contract exploits and oracle failures. The total aggregate cap for these staked XRP positions is established at $115 million.

The service integrates XRP into the DeFi ecosystem by leveraging the token bridged as FXRP. This mechanism enables an on-chain protection market on Flare, which currently provides coverage for vaults such as the Sentora USD Protected Vault.