Stake your FXRP on Firelight: Now live
Firelight has officially launched on Flare, introducing the first staking layer for XRP. The launch introduces a new primitive for XRP holders and adds another foundational layer to Flare’s expanding DeFi stack.
What opportunities does Firelight create for XRP?
XRP is one of the largest crypto assets by market cap, but until now it has lacked native staking or yield opportunities. The Firelight staking mechanism is designed to enable staking for XRP holders, providing them with the means to deploy and stake assets in a decentralized manner while maintaining liquidity through a liquid staking token (LST), stXRP. Because Firelight is built on Flare, stXRP becomes immediately composable with the rest of the Flare ecosystem:
- Traded across DEXs
- Integrated into lending markets as collateral
- Deployed in structured vault strategies
- Held as a composable asset for future products
This staked FXRP forms the foundation of Firelight’s DeFi cover mechanism, which provides protection for protocols in the event of a smart-contract exploit, economic risk, oracle risk, or bridge risk. With over $1B lost annually in DeFi hacks, demand for this type of protection creates additional, tangible utility and yield potential for stakers.
How does Firelight build on existing XRPFi infrastructure?
Firelight integrates directly with the XRPFi stack by using FXRP as its staking asset and relying on the same infrastructure that already supports trading, lending, and liquidity on Flare. Because FXRP already serves as the shared collateral rail across ecosystem protocols, stXRP becomes immediately usable within many of the same markets.
By adding staking, Firelight increases the productivity of FXRP and expands the range of collateral available to developers building on Flare. stXRP can support new products, collateral types, and more capital-efficient liquidity across DeFi. In turn, this strengthens the overall XRPFi stack by connecting staking, liquidity, and cover markets into a more cohesive system.
How does Firelight work?
Firelight’s launch is structured in two phases, beginning with liquid staking and expanding into DeFi cover. Both phases use FXRP as the core asset, delivered through fully on-chain flows.
Phase 1: Liquid staking (stXRP)
Users deposit XRP, mint FXRP through the FAssets system, and stake it to receive stXRP, an ERC-20 representing their staked position. stXRP can be held or used across Flare DeFi while continuing to accrue staking rewards through Firelight. Early participants are also eligible to earn Firelight Points, a program designed to reward initial usage and activity on the protocol.
Phase 2: DeFi cover
In the next phase, Firelight will activate its DeFi cover mechanism. stXRP will be allocated to back protocols seeking protection against smart-contract exploits. This aligns staking rewards with real, on-chain demand for risk protection. All liquidity deposited into Firelight ultimately contributes to this cover pool, creating a sustainable model for long-term utility.
How is Firelight secured?
Firelight is launching with a strong security foundation:
- Independent audits (including OpenZeppelin and Coinspect) and a live Immunefi bug bounty program
- The FAssets system is fully collateralized, decentralized, and audited
- Transparent mint and burn pathways for FXRP and clear proof-of-reserves & live collateral monitoring
- The security-first approach ensures Firelight can safely support staking today and DeFi cover in Phase 2
The next phase of XRPFi
Firelight marks an important step in expanding the tools, liquidity, and risk infrastructure available to XRPFi users on Flare. As Firelight deepens the utility of Flare’s collateral layer, staked FXRP will become an increasingly important component of DeFi.
If you’re already an FXRP holder, you can head over to Firelight to start staking today.
If you’re new, follow our video guide to learn how to mint FXRP and get started with Firelight.