Overview
- Sentora named Firelight as the native cover layer across its public and private vaults, embedding protection against smart contract exploits, oracle errors, and bad debt.
- Firelight runs on the Flare network and uses FXRP, a wrapped version of XRP, so stakers lock FXRP to fund an insurance pool that can pay claims on covered vault failures.
- Following a recent cap increase, Firelight reports roughly 65 million FXRP staked with about 155 million FXRP circulating across Flare’s DeFi protocols.
- Sentora brings vault distribution and risk modeling to the tie-up, citing more than $3 billion in cumulative deployed capital and integrations with Kraken and Fireblocks.
- The combined stack adds programmatic underwriting and automated claims, a design meant to lower hurdles for institutions that have avoided DeFi over unresolved technical risk.