what's Firelight?
Firelight is a liquid staking protocol built on the Flare Network, designed to enable XRP holders to earn yield on their assets within a DeFi ecosystem. It allows users to stake XRP by first minting FXRP (a wrapped version of XRP on Flare) at a 1:1 ratio through Flare's FAssets system. Once minted, FXRP can be deposited into Firelight's vault to receive stXRP, a liquid staking token that represents the staked position and accrues rewards from network activities. The protocol leverages Flare's Economically Secured Services (ESS) to generate sustainable yield, where stXRP secures services like insurance for DeFi protocols and liquidity for real-world assets (RWAs). This creates a capital-efficient mechanism, directing fees back into the XRP ecosystem. stXRP is ERC-4626 compliant, ensuring composability across Flare's DeFi landscape, including DEXs for trading, lending platforms for collateral, and liquidity pools. Firelight emphasizes non-custodial control, security through audits, and institutional-grade infrastructure to bridge XRP's payment-focused utility with broader DeFi applications, fostering growth in the XRPFi sector without requiring users to relinquish custody of their underlying assets.
Firelight nominated for Best New DeFi award; ceremony Dec 30.
Links
x.com/firelightfiNominated for Best New DeFi in an awards ceremony scheduled for 2025-12-30
The $15K security audit competition completes with 100% of rewards distributed to participants who helped strengthen platform security.
rFLR claims are now live on the platform. JoelKatz publicly recognizes the XRPFi infrastructure role.
XRP staking protocol launches on Flare network, introducing stXRP as a liquid staking token with DeFi insurance-based rewards.
Firelight launches stXRP as a liquid staking layer for FXRP/XRP on Flare network with Ignition program now live. Protocol features non-custodial ERC-4626 vaults with no slashing and integrates with SparkDexAI, Enosys, Kinetic, and Spectra for liquidity routes and lending strategies.
Integration with More Markets enables liquid staked stXRP functionality where users earn points and fees across DeFi. Project is backed by Electric Capital.
Project is up for sale according to industry commentary on DeFi cover protocols.
More Markets commits to allocate funds from their XRP Flare Account to FXRP.
Platform launches public audit competition on Immunefi from November 7-17, 2025 to secure upgradeable ERC-4626 vault contract, covering 528 nSLOC of Solidity code with no KYC requirement for participants.
Platform secures institutional custody partnerships with BitGo, Fireblocks, and Hex Trust, while adding Google Cloud and Ankr as infrastructure partners supporting the DeFi stack.
Protocol deploys multi-layered security system with 2x collateralization using XRP, FLR, and stablecoins, plus anomaly detection.
New staking protocol generates yield through revenue sharing from Secured Service Networks (SSNs), utilizing real network fees from oracles and bridges.
New liquid staking protocol Fireflight enables direct FXRP to stXRP conversion, expanding DeFi capabilities without custodial requirements.
Strategic partnership deploys $100M in XRP for institutional yield generation through platform protocols.