Firelight
AuditedNewFirelight is an XRP liquid-staking and DeFi cover protocol on Flare Network. Users deposit FXRP and receive stXRP, with staked capital planned to back exploit protection for integrated DeFi protocols in Phase 2.
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The Problem
XRP is the largest non-yield-bearing major crypto asset by market cap, leaving billions of dollars of capital structurally idle. Existing DeFi insurance protocols rely on niche tokens for their backing capital, limiting cover capacity and trust.
The Solution
Firelight bridges XRP into Flare as FXRP, mints liquid stXRP against it, and (in Phase 2) directs that staked capital toward backing on-chain DeFi cover. Stakers earn cover-fee revenue while keeping liquid exposure to XRP.
Why it Matters
First XRP liquid-staking and DeFi-cover hybrid on Flare. Incubated by Sentora (the institutional DeFi platform formed from IntoTheBlock + Trident Digital) and backed by Flare. The cover layer leverages Sentora's quantitative risk infrastructure for granular pricing at protocol, asset and transaction levels.
Protocol Metrics
Related Research
View allFrequently asked questions about Firelight
What is Firelight?+
Firelight is a Liquid Staking protocol operating on Flare. Firelight is an XRP liquid-staking and DeFi cover protocol on Flare Network. Users deposit FXRP and receive stXRP, with staked capital planned to back exploit protection for integrated DeFi protocols in Phase 2.
How does Firelight work?+
Firelight bridges XRP into Flare as FXRP, mints liquid stXRP against it, and (in Phase 2) directs that staked capital toward backing on-chain DeFi cover. Stakers earn cover-fee revenue while keeping liquid exposure to XRP.
Is Firelight safe?+
DeFi Sentinel rates Firelight BBB with a safety score of 67/100, indicating moderate risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Firelight has 3 audits on record. DeFi Sentinel's analysis flagged 8 medium, 6 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Firelight?+
Firelight has a DeFi Sentinel safety score of 67/100 (rating BBB), last updated May 21, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Firelight support?+
Firelight is deployed on Flare.
Has Firelight been audited?+
Yes. Firelight has 3 audit reports on record from firms including OpenZeppelin, Coinspect, Immunefi Audit Competition. Audit reports and dates are linked under the Resources tab on this page.