Firelight Surpasses 50M XRP Staked Amid DeFi Losses Reaching $137M in Q1
ByAinvest
Friday, Mar 27, 2026 3:55 pm ET1min read
XRP--
Firelight, a decentralized finance (DeFi) risk management platform, has surpassed 50 million XRP staked, fueled by high-value deposits and its integration with Flare Network's FAssets infrastructure. This milestone comes as DeFi losses hit $137 million in Q1, highlighting the need for robust risk management tools. Firelight operates as an active economic layer that underwrites risk across multiple vectors, including smart contract failures and oracle discrepancies.
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