Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
Wrapped SOL 
USDC 
TRON 
Lido Staked Ether 
Dogecoin 
Figure Heloc 
Cardano 
Wrapped stETH 
WhiteBIT Coin 
Wrapped Beacon ETH 
Bitcoin Cash 
Wrapped Bitcoin 
Wrapped eETH 
Monero 
USDS 
Chainlink 
Binance Bridged USDT (BNB Smart Chain) 
LEO Token 
WETH 
Stellar 
Coinbase Wrapped BTC 
Sui 
Zcash 
Ethena USDe 
Hyperliquid 
Avalanche 
Litecoin 
Hedera 
Shiba Inu 
USDT0 
World Liberty Financial 
Canton 
Dai 
sUSDS 
Toncoin 
Cronos 
Ethena Staked USDe 
PayPal USD 
Polkadot 
USD1 
Uniswap 
Rain 
Mantle 
MemeCore 
Bitget Token 
Aave 
Bittensor 
Pepe 
OKB 
Tether Gold 
Internet Computer 
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Falcon USD 
Jito Staked SOL 
Binance-Peg WETH 
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PAX Gold 
Aster 
Ethena 
BlackRock USD Institutional Digital Liquidity Fund 
Pi Network 
Pump.fun 
HTX DAO 
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Global Dollar 
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Binance Staked SOL 
KuCoin 
POL (ex-MATIC) 
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Circle USYC 
Sky 
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syrupUSDC 
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Gate 
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Render 
Filecoin 
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Official Trump 
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Midnight 
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Story 
MYX Finance 
Solv Protocol BTC 
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Liquid Staked ETH 
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USDtb 
XDC Network 
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Sei 
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WrappedM by M0 
OUSG 
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Pudgy Penguins 
clBTC 
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StakeWise Staked ETH 
L2 Standard Bridged WETH (Base) 
Beldex 
syrupUSDT 
USDai 
Optimism 
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Stacks 
Chiliz 
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Kinetiq Staked HYPE 
c8ntinuum 
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SPX6900 
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A7A5 
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JasmyCoin 
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dogwifhat 
Decred 
ether.fi Staked ETH 
crvUSD 
Resolv USR 
Wrapped STX (Velar) 
Avalanche Bridged BTC (Avalanche) 
GALA 
Onyxcoin 
AINFT 
Resolv wstUSR 
EURC 
JUST 
Key Takeaways
- Firelight launched an XRP staking protocol on Flare Network, supporting DeFi insurance.
- Users stake FXRP (wrapped XRP) to receive stXRP, liquid staking tokens tradable in DeFi applications.
Firelight launched its XRP staking protocol on the Flare Network today, allowing users to stake wrapped XRP (FXRP) and receive liquid staking tokens (stXRP) for DeFi applications while preparing for insurance-backed rewards.
The protocol enables XRP holders to deposit FXRP into vaults through Flare’s trust-minimized bridging system. Users receive stXRP tokens that can be traded or utilized across DeFi applications while maintaining exposure to potential staking rewards.
Firelight’s model focuses on using staked XRP to underwrite insurance coverage for DeFi protocols, targeting protection against risks including smart contract failures. The insurance-based rewards are expected to activate in an upcoming phase based on protocol adoption rates.
The launch connects XRP to expanded use cases within Flare’s DeFi ecosystem, enabling yield generation through staking mechanisms while supporting insurance coverage for high-value protocols. The initiative has attracted institutional interest due to its focus on providing comprehensive DeFi risk coverage.
XRP was originally designed for faster cross-border payments and has increasingly integrated into the DeFi ecosystem through bridging technologies that convert it into productive assets for various blockchain applications.
