The protocol aims to give fintechs and investors a faster way to recover losses from DeFi hacks, while letting XRP, bitcoin and XLM holders earn yield by backing that protection.

The protocol aims to give fintechs and investors a faster way to recover losses from DeFi hacks, while letting XRP, bitcoin and XLM holders earn yield by backing that protection.

Firelight raised $8 million led by Gumi Cryptos Capital to launch cover for DeFi vaults backed by staked XRP on Flare, with first integrations due in September.