Firelight Launches XRP Staking to Power DeFi Insurance Protocol Against Hacks

The DeFi insurance platform Firelight has announced the integration of XRP staking, enabling users to earn rewards while securing a new layer of protection against smart contract exploits and protocol hacks. This initiative allows XRP holders to stake their tokens directly within the Firelight ecosystem, contributing to a dedicated insurance pool. The staked assets help underwrite coverage for various decentralized finance (DeFi) protocols, creating a mutualized safety net. Firelight's move aims to leverage XRP's liquidity and community to enhance risk mitigation in the DeFi sector, offering stakeholders a dual benefit of passive income and reinforced ecosystem security.