Fast Adoption and Capability Enlargement
Firelight, the onchain safety layer for DeFi, has surpassed 50 million XRP staked on its protocol. The achievement follows a number of large-scale deposits exceeding 1 million XRP every and a newly expanded deposit cap of 65 million FXRP.
In line with a media assertion, demand for Firelight’s vaults was so robust that its preliminary 25 million FXRP ceiling was crammed inside six hours. The brand new cap is reportedly already greater than midway subscribed. Constructed on the Flare Community, Firelight is without doubt one of the first platforms to mix XRP staking with DeFi cowl, marking a milestone within the evolution of danger infrastructure for digital belongings.
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