Core Insights - Firelight is a new decentralized finance (DeFi) protocol that enables XRP users to stake their tokens while providing on-chain protection against hacks [1] - The protocol aims to introduce a risk infrastructure similar to traditional finance, enhancing the resilience of the DeFi ecosystem [2] Group 1: Protocol Features - Firelight allows XRP holders to stake their tokens and earn rewards linked to the demand for DeFi "cover," which helps protocols absorb losses from exploits [1] - The staking process involves two phases: users deposit XRP to receive stXRP, a liquid ERC-20 token, which can be traded or used as collateral, and the staked XRP backs the Firelight cover pool [2] - If a protocol incurs a loss that meets Firelight's criteria, the cover pool can pay out from the capital staked by users, similar to how traditional insurers operate [3] Group 2: Technical Infrastructure - Firelight utilizes Flare's FAssets system to integrate XRP into DeFi, allowing users to mint FXRP, a wrapped version of XRP, without relying on centralized bridges [4] - The protocol has undergone audits by OpenZeppelin and Coinspect and has initiated a bug bounty program with Immunefi to enhance security [4] Group 3: Market Context - Despite XRP's significant market capitalization of $130 billion, it has lacked native staking options, with total value locked on XRPL at only $72 million [5] - Firelight aims to provide XRP holders with a new yield-earning opportunity while establishing a security layer that aligns with institutional standards in the DeFi space [5]

RT Flare ☀️ (@FlareNetworks)📊 @MessariCrypto’s latest Pulse Report tracks how @FlareNetworks’ DeFi ecosystem is accelerating.FXRP minting has already surpassed 30M. TVL is up 25% and climbing, with more covered in the report.Beyond the numbers, the report looks at the ecosystem as a whole from; FXRP minting, FAssets incentives, @USDT0_to liquidity, and the upcoming @Firelightfi staking layer. ...

Turning a non-productive asset into a productive one is quite a narrative.@FlareNetworks recently launched FXRP, allowing XRP holders to turn their idle assets into yield-bearing ones.Enter XRPfi.Full report 👇https://t.co/A6JJl3PQox https://t.co/ZtArsbWYuTJeremy (@ItsFloe):After intense testing, @FlareNetworks has finally launched $FXRP, and it has blown my expectations out of the water so far.- Over 32 million FXRP minted- Minting caps keep getting filled ASAP- Ecosystem support from @Kinetic_Markets @enos ...

Flare Network Updates - Flare's FXRP mint caps are filling quickly, indicating strong demand [1] - Flare opened another mint cap for 5 million FXRP due to the rapid filling of the previous cap [1] - Flare is tracking whether the new 5 million FXRP cap will be filled at a record pace [1] Community Engagement - Flare actively promotes its news and announcements through partnerships [1] - Flare highlights the speed at which its caps are being filled as a positive indicator [1]

When FXRP went live on Flare mainnet, XRP holders hit the 5M FXRP minting cap in under 4 hours to bring their XRP into DeFi.Today, another 2.5M XRP was minted out in less than 90 minutes.Serious momentum.The next cap raise is coming, and will likely mint out fast if this trend continues.This marks the next major step for XRPFi and my partner Flare's vision to make XRP yield-bearing and more than just a payment token...Flare ☀️ (@FlareNetworks):Another 2.5M FXRP minted in record time.☀️Utility is scaling blo ...

XRP Market Momentum & Demand - CME Group 的 XRP 期货交易量达到 397,000 份合约[1] - XRP 期货的名义交易额达到 183 亿美元，日均交易额约为 2.13 亿美元，相当于 60 亿枚 XRP [2] - 市场对现货 XRP ETF 的需求可能被低估，期货合约的强劲势头表明了市场对 XRP 的巨大需求 [2][3] DeFi & Staking on XRP Ledger - MXRP 是一种新的收益型流动性质押代币，旨在启动 XRP Ledger 上的 DeFi，为 XRP 持有者解锁高达 10% 的 APY [4][5] - MXRP 在不到 48 小时内成为 XRP Ledger 上的热门资金池，并迅速攀升至第五大资金池 [7] - 一位鲸鱼铸造了价值 8850 万美元的 300 万枚 MXRP，金库容量已达 96%，表明市场对 XRP 收益产品的强烈需求 [8] Institutional DeFi & Tokenization - XRP Ledger 已成为 RWA（Real World Assets）代币化的前 10 名区块链之一，稳定币交易量超过 10 亿美元 [20] - XRP Ledger 的机构 DeFi 路线图包括原生借贷协议和零知识证明，旨在满足机构在链上运营的需求 [21][22] - 机构 DeFi 正在成为现实，XRP Ledger 已巩固其作为全球机构参与者的可信开源结算层的地位 [19] Supply Shock & Future Value - 机构采用的升温可能导致 XRP 供应冲击，目前 Ripple 托管和流动性持有量已占供应量的近 444 亿枚 XRP [15][16] - Purpose ETF 持有 2960 万枚 XRP，3IIQ 持有 4500 万枚 XRP，表明机构对 XRP 的兴趣日益浓厚 [16] - 由于需求增加（包括机构参与、DeFi 锁定和流动性池），XRP 的供应量可能不足，导致价格大幅上涨 [30]

FAsset & DeFi Integration - FlareNetworks' first FAsset, FXRP, is now live, enabling XRP holders to utilize assets in DeFi through lending/trading [1] - Liquid staking functionality is coming soon, further expanding DeFi opportunities for XRP holders [1] - Multiple platforms such as SparkDEXAI, BlazeSwapdex, and Enosys_global support FXRP minting and swapping [1] Institutional Adoption & Infrastructure - The platform offers non-custodial rails, aiming for institutional adoption [1] - Firelightfi will soon provide liquid staking services [1]

DeFi Integration - Flare Network launches FXRP, enabling XRP to be utilized within DeFi applications [1]

XRP is pumping 📈And soon holders can put their tokens to workFirelight is a new protocol on Flare that turns FXRP into native yield with no custodians & no workaroundsIncubated by Sentora (with a $25M Series A backing) & powered by Flare’s FAssetsHere’s how it works 🧵👇 https://t.co/EJgexvMZ6e ...