Firelight is a DeFi protocol built on the Flare Network that allows XRP holders to earn yield on their XRP. Using Flare’s FAssets system, XRP can be represented on Flare and deposited into Firelight, where it becomes a liquid staking token called stXRP, allowing users to earn rewards while keeping their XRP liquid and usable.
Flare’s infrastructure strengthens this system. The Flare Time Series Oracle (FTSO) provides decentralized price data, while the Flare Data Connector (FDC) securely verifies external blockchain data, helping bring assets like XRP into the Flare ecosystem in a trust-minimized way.
Through Firelight, staked XRP helps support DeFi protocols and risk protection systems, with fees distributed to XRP stakers. This expands XRP’s utility beyond payments and introduces it to decentralized finance, increasing demand, liquidity, and long-term use cases within the Flare ecosystem.
