Firelight raises $8M in a seed round led by @GumiCryptos, with participation from @Maven11Capital, @metalayervc, @tribecap & Joint Effects. The round supports our work closing DeFi's protection gap. ~$80B in TVL sits across DeFi today, and only a fraction is protected. coindesk.com/business/2026/0…

In Phase 2, the Firelight vault backs active coverage positions. A validated claim hits the First-Loss Buffer first. Once it's exhausted, the remainder is slashed pro-rata across the vault. The loss waterfall protects stakers from smaller incidents. 👇 docs.firelight.finance/for-s…

One year of FXRP. 145M+ minted is a crazy number, but the part I find more interesting is everything that has been built around that liquidity. FXRP is being used across: @Kinetic_Markets for lending @Firelightfi for staking @SpectraFinance for yield markets @upshift_fi + @ClearstarLabs for yield strategies @enosys_global for XRP-backed credit @HyperliquidX for spot markets @DeriveXYZ for options and perps @SparkDexAI, @BlazeSwapDEX and @fcatflare for trading, liquidity and new experiments And it has now expanded beyond @FlareNetworks into Ethereum, Base, BNB Chain, Monad, Katana, HyperEVM and HyperCore. @HugoPhilion once put the goal pretty simply: 100M $XRP put to work on Flare. That was supposed to be the start. We're now well past that. And @0xQuantic summed up the other side of the thesis well: FXRP turns XRP into programmable liquidity, with that activity feeding back into the wider Flare economy. That's probably the bigger $FXRP story to me. Not just how much XRP came over. How much of it is actually being put to work.

One year of FXRP, on-chain: → 145.1M FXRP minted year to date → 130M FXRP (89%) working across DeFi → 7.8M DeFi transactions → ~24,000 smart accounts → 21M FXRP live across six other chains Capital made productive and observable→ dune.com/flare/fxrp-defi

What a super cool moment 🧊

FXRP was step one. XRP backing the protocols it moves through is step two. @Firelightfi making that path clear is exactly what we want to see.

A year of FXRP on @FlareNetworks, and XRP-backed onchain cover is live soon. Here is how to get your XRP onto Firelight in Phase 2: → One-click from XRPL via Flare Smart Accounts → Or mint FXRP through FAssets Your XRP, backing the protocols it moves through. 🔥

Secured by FXRP

XRPL settles XRP. Flare gives it a programmable layer. FXRP is XRP at work. Put it to work → xrpfi.flare.network/defi

👉 A reminder of what’s coming with Firelight: onchain protection that vault builders can integrate directly into their products. Veda is a strong signal of the distribution model. Its infrastructure has powered $32B+ in deposits, and eligible Veda vaults are set to support Firelight protection directly.

Excited to be working with the @Veda_labs team!

@SentoraHQ has had the privilege of partnering with @veda_labs since their launch and have gone to launch some of the most successful earn programs in DeFi. I am thrilled to see this partnership extending to @Firelightfi . Lets add cover protection to those @veda_labs vaults

Firelight joins the Veda ecosystem. To launch an Earn product with Firelight as an added protection layer, reach out to our team to build your vault: veda.tech/ecosystem

Great news. Veda has powered billions in deposits. Firelight plugging directly into that infrastructure gives onchain protection a distribution path across vaults and the protocols building on top of them. This could put Firelight protection in front of a lot more capital.

This is HUGE . @veda_labs holds approximately $2 billion in on-chain capital Has processed over $32 billion in lifetime deposits, and serves around 300,000 users. @krakenfx DeFi Earn (for which Veda provides the infrastructure and Sentora handles partial curation)holds approximately $530–600 million in deposits. And yes, their products will be even better with the @Firelightfi 's onchain protection. Bullish on @Firelightfi bullish on @FlareNetworks

Veda is a big distribution partner for Firelight. Congratulations!

Fintechs will soon be able to access onchain protection for Earn through Firelight and Veda.

Firelight is partnering with Veda. @Firelightfi, the protection layer for digital assets, will soon be available to provide insurance for embedded Earn products built using Veda vaults. Fintechs will be able to integrate added protection into their onchain yield products.