• bitcoinBitcoin (BTC) $ 62,013.00
  • ethereumEthereum (ETH) $ 1,740.83
  • tetherTether (USDT) $ 0.999132
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  • usd-coinUSDC (USDC) $ 0.999925
  • xrpXRP (XRP) $ 1.08
  • solanaSolana (SOL) $ 77.18
  • tronTRON (TRX) $ 0.327570
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03
  • hyperliquidHyperliquid (HYPE) $ 68.21
  • dogecoinDogecoin (DOGE) $ 0.071912
  • usdsUSDS (USDS) $ 0.999860
  • rainRain (RAIN) $ 0.014719
  • leo-tokenLEO Token (LEO) $ 9.44
  • wrapped-stethWrapped stETH (WSTETH) $ 2,779.67
  • zcashZcash (ZEC) $ 463.07
  • whitebitWhiteBIT Coin (WBT) $ 55.01
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  • cardanoCardano (ADA) $ 0.166882
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
  • stellarStellar (XLM) $ 0.181576
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 2,466.93
  • moneroMonero (XMR) $ 321.61
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  • wrapped-eethWrapped eETH (WEETH) $ 2,465.31
  • bitcoin-cashBitcoin Cash (BCH) $ 232.12
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  • susdssUSDS (SUSDS) $ 1.08
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  • ethena-usdeEthena USDe (USDE) $ 0.998447
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  • wethWETH (WETH) $ 2,268.37
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  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • usdt0USDT0 (USDT0) $ 0.998824
  • avalanche-2Avalanche (AVAX) $ 6.41
  • crypto-com-chainCronos (CRO) $ 0.056823
  • tether-goldTether Gold (XAUT) $ 4,072.87
  • shiba-inuShiba Inu (SHIB) $ 0.000004
  • nearNEAR Protocol (NEAR) $ 1.87
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.13
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.22
  • uniswapUniswap (UNI) $ 3.31
  • bittensorBittensor (TAO) $ 204.49
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.058177
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  • htx-daoHTX DAO (HTX) $ 0.000002
  • okbOKB (OKB) $ 77.64
  • ripple-usdRipple USD (RLUSD) $ 0.999985
  • ondo-financeOndo (ONDO) $ 0.317886
  • little-pepe-5Little Pepe (LILPEPE) $ 2.16
  • usddUSDD (USDD) $ 0.999189
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • falcon-financeFalcon USD (USDF) $ 0.996716
  • polkadotPolkadot (DOT) $ 0.829454
  • morphoMorpho (MORPHO) $ 2.11
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  • united-stablesUnited Stables (U) $ 0.999800
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.00
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  • jito-staked-solJito Staked SOL (JITOSOL) $ 124.46
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  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,262.26
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  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999945
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  • ignition-fbtcFunction FBTC (FBTC) $ 76,389.00
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  • usdtbUSDtb (USDTB) $ 1.00
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  • labLAB (LAB) $ 2.32
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  • spiko-amundi-overnight-swap-fund-eurSpiko Amundi Overnight Swap Fund (EUR) (EURSAFO) $ 1.15
  • bianrensheng币安人生 (BinanceLife) (币安人生) $ 0.705561
  • gatechain-tokenGate (GT) $ 6.58
  • binance-staked-solBinance Staked SOL (BNSOL) $ 108.24
  • ethenaEthena (ENA) $ 0.073517
  • audieraAudiera (BEAT) $ 2.22
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.04
  • filecoinFilecoin (FIL) $ 0.750657
  • ghoGHO (GHO) $ 0.998302
  • pump-funPump.fun (PUMP) $ 0.001483
  • new-x-ceo-is-backNEW X CEO IS BACK (XFLOKI) $ 0.506041
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999720
  • lighterLighter (LIT) $ 2.29
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  • flare-networksFlare (FLR) $ 0.006561
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 76,491.00
  • usual-usdUsual USD (USD0) $ 0.998657
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  • yldsYLDS (YLDS) $ 0.999724
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  • aerodrome-financeAerodrome Finance (AERO) $ 0.522375
  • venice-tokenVenice Token (VVV) $ 10.49
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  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 33.97
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  • binance-peg-xrpBinance-Peg XRP (XRP) $ 1.59
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  • plasmaPlasma (XPL) $ 0.092327
  • msolMarinade Staked SOL (MSOL) $ 133.18
  • fraxLegacy Frax Dollar (FRAX) $ 0.989341

Firelight unveils XRP staking on Flare for DeFi insurance

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Key Takeaways

  • Firelight launched an XRP staking protocol on Flare Network, supporting DeFi insurance.
  • Users stake FXRP (wrapped XRP) to receive stXRP, liquid staking tokens tradable in DeFi applications.

Firelight launched its XRP staking protocol on the Flare Network today, allowing users to stake wrapped XRP (FXRP) and receive liquid staking tokens (stXRP) for DeFi applications while preparing for insurance-backed rewards.

The protocol enables XRP holders to deposit FXRP into vaults through Flare’s trust-minimized bridging system. Users receive stXRP tokens that can be traded or utilized across DeFi applications while maintaining exposure to potential staking rewards.

Firelight’s model focuses on using staked XRP to underwrite insurance coverage for DeFi protocols, targeting protection against risks including smart contract failures. The insurance-based rewards are expected to activate in an upcoming phase based on protocol adoption rates.

The launch connects XRP to expanded use cases within Flare’s DeFi ecosystem, enabling yield generation through staking mechanisms while supporting insurance coverage for high-value protocols. The initiative has attracted institutional interest due to its focus on providing comprehensive DeFi risk coverage.

XRP was originally designed for faster cross-border payments and has increasingly integrated into the DeFi ecosystem through bridging technologies that convert it into productive assets for various blockchain applications.



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