Advertisement

Firelight Begins Writing DeFi Cover Backed By Staked XRP

The protocol's first cover positions went to two Sentora vaults, with payouts standing behind 50.2 million XRP staked on Flare. Claims are decided by a five-firm consortium on a three-of-five vote, and the coverage contracts' audits are listed as coming soon.
PLACEHOLDER - reused Firelight thumbnail from the Sept. 1 raise story, replace before publish

The protocol's first cover positions went to two Sentora vaults, with payouts standing behind 50.2 million XRP staked on Flare. Claims are decided by a five-firm consortium on a three-of-five vote, and the coverage contracts' audits are listed as coming soon.

Loading this article…

Advertisement

Free newsletters

Good reporting. Delivered.

Choose your coverage: crypto and DeFi, the future of finance, or both.

Free. Unsubscribe anytime.

Choose your newsletters

No PRO membership needed. Privacy policy