Protocol Information
When a user stakes XRP through Firelight, the XRP is locked on the XRPL, and a liquid staking token (LST) is minted on the Flare Network. This LST allows stakers to participate in further DeFi opportunities without losing exposure to their underlying XRP.
Audits:
Methodology
TVL: Counts FXRP tokens held in the Firelight vault.View code on GitHubCompetitors
Frequently Asked Questions
What is Firelight's TVL?
Firelight currently has $84.23m in total value locked. TVL has increased 28.3% over the past 30 days.
What chains does Firelight operate on?
Firelight operates on Flare. Flare holds the largest share at 100%.
How does Firelight's TVL compare to similar protocols?
Among Farm protocols tracked by DefiLlama, Firelight ranks #3 by TVL. The category holds $873.78m across 232 protocols, and Firelight accounts for 9.6% of that total. Other leading protocols include Buzz Farming, AFI Protocol, AILayer farm, Swell L2 Farm, Zircuit Staking, Hemi Staking, Katana Pre-Launch, PoWH3D, StarGate, and Waves Exchange.