Firelight Unveils XRP Staking and DeFi Insurance on Flare

Firelight launches XRP staking on Flare, introducing stXRP for use across DeFi. Staking rewards will begin in Phase 2 if DeFi protocols adopt Firelight’s insurance model. Early users earn Firelight Points.

Firelight has launched an XRP staking protocol on the Flare network, introducing stXRP, a liquid token that enables users to earn rewards through a DeFi insurance model. In the initial phase, users can bridge XRP to Flare, convert it to FXRP, and deposit it into Firelight to receive stXRP on a 1:1 basis. stXRP can be used across the Flare ecosystem, including decentralized exchanges, lending protocols, and liquidity pools. Staking rewards are not yet live and are expected to begin in Phase 2, planned for early 2026, contingent on DeFi protocols adopting Firelight’s onchain insurance system and paying fees for coverage. Firelight’s approach leverages XRP’s liquidity and low capital cost to provide DeFi insurance for top protocols, with a dynamic lending module that uses on-chain data and oracles to maintain collateral guarantees and credit limits. Early participants receive Firelight Points as incentives. The protocol has attracted significant deposits and aims to offer sustainable staking rewards while providing DeFi protocols with an insurance layer against hacks and failures.