Firelight, a DeFi protocol developed by Sentora and supported by Flare Network, has launched XRP staking to offer on-chain insurance against hacks. Users can stake XRP to earn rewards linked to DeFi 'cover,' which helps protocols manage losses from exploits. The process involves two phases: users deposit XRP to receive stXRP, an ERC-20 token, which can be traded or used in DeFi liquidity pools. The staked XRP supports a cover pool to underwrite risk for participating protocols. Firelight leverages Flare’s FAssets system to integrate XRP into DeFi without centralized bridges. The protocol has been audited by OpenZeppelin and Coinspect and has initiated a bug bounty with Immunefi.