Firelight Begins Writing DeFi Cover Backed By Staked XRP

4 outlets reporting

Your call?🐂 Bullish🐻 Bearish

50.2M XRP

XRP staked backing

$XRP

$1.32

-3.7%

$FLR

$0.006634

-3.4%

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…