Firelight has raised $8 million and expanded beyond XRP, aiming to make DeFi more accessible for fintechs. The protocol offers a faster way to recover losses from DeFi hacks, while allowing holders of XRP, bitcoin, and XLM to earn yield by backing that protection.
Firelight Raises $8M, Expands Beyond XRP
Firelight just locked in $8 million in funding and widened its reach past XRP to add bitcoin and XLM (Stellar). The protocol is built to make DeFi feel less intimidating for fintechs and investors.
It offers a quicker way to recover losses from DeFi hacks. And it lets holders of XRP, bitcoin, and XLM earn yield by underwriting that protection.
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