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Blockchain The Defiant

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

Firelight, a cover protocol that uses staked XRP to backstop DeFi vaults against exploits, has raised $8 million in a seed round led by Gumi Cryptos Capital, with its first cover integrations scheduled to go live this mo...

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Firelight Raises $8 Million to Backstop DeFi Vaults With Staked XRP
Firelight, a cover protocol that uses staked XRP to backstop DeFi vaults against exploits, has raised $8 million in a seed round led by Gumi Cryptos Capital, with its first cover integrations scheduled to go live this month. Onchain cover has stayed marginal relative to the capital it would... Read the full story at The Defiant

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XRP is showing up inside the DeFi theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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