Firelight raises $8 million to expand DeFi protection beyond XRP
Firelight, a cover protocol incubated by Sentora, raised Firelight raises $8 million, expands beyond XRP as it aims to make DeFi less scary for fintechs.
and said it will expand its risk mitigation services across multiple blockchain assets, according to CoinDesk. The company already holds The Sentora-incubated cover protocol already holds $76 million in staked XRP on Flare.
in staked XRP on Flare and is launching its first cover integrations this month into a market where onchain protection covers roughly Its first cover integrations go live this month, into a market where onchain protection covers about 0.1% of DeFi.
of DeFi, per The Defiant.
Sources: CoinDesk, The Defiant
This article is for information only and is not financial advice.
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