Veda will integrate Firelight's on-chain protection directly into its vault infrastructure, letting protocols and vault curators add coverage to managed capital more efficiently. Firelight's initial collateral is XRP, with claims reviewed by its Risk Consortium: Hypernative, Native, Credora, GFX Labs, and Cyfrin. Veda's infrastructure supports nearly 300 DeFi integrations and has processed over $32B in volume. CEO Sun Raghupathi said demand for such protections is growing as institutions and fintechs offer on-chain products. Firelight, built on Flare Network and incubated by Sentora, connects vaults needing protection with backing capital.

AI summary of the linked source — not editorial content.

Story signal · how it spread on X · via Elfa

as of
Spread
i
Distinct X and Telegram accounts Elfa counted behind this story’s reports, summed over the thread. Not posts, not impressions.
12 accounts

first post
Leviathan +6.2 h later

Thread · 3 events · last update 15 Oct 23:25
  1. First reportFirelight partners with Veda to add on-chain protection to vault infrastructure5 acc.
  2. Leviathan published this article
  3. UpdateFirelight onchain cover launches in Kraken’s USDC DeFi Earn vault5 acc.
  4. UpdateFirelight adds $30.5 million of onchain cover to Kraken’s USDC vault2 acc.

All times UTC.

Cited posts

  • @Firelightfi FirelightFirst reportOn X ↗

    https://t.co/OfOYzsHtkd

  • @veda_labs VedaOn X ↗

    Firelight is partnering with Veda.@Firelightfi, the protection layer for digital assets, will soon be available to provide insurance for embedded Earn products built using Veda vaults. Fintechs will be able to integrate added protection into their onchain yield products.

  • @veda_labs VedaOn X ↗

    Fintechs will soon be able to access onchain protection for Earn through Firelight and Veda. https://t.co/OmUeEnjGSI

Show 3 more cited posts
  • @0xQuantic QuanticOn X ↗

    Great news. Veda has powered billions in deposits. Firelight plugging directly into that infrastructure gives onchain protection a distribution path across vaults and the protocols building on top of them. This could put Firelight protection in front of a lot more capital. https://t.co/Ie4CsejR2M

  • @FlareNetworks Flare ☀️On X ↗

    Firelight is partnering with @Veda_Labs enabling eligible vaults can integrate on-chain protection. The collateral layer lives on Flare: FXRP, staked as stXRP, backing the pool behind that coverage. https://t.co/L80GLbHyzJ

  • @jrdothoughts Jesus RodriguezOn X ↗

    @SentoraHQ has had the privilege of partnering with @veda_labs since their launch and have gone to launch some of the most successful earn programs in DeFi. I am thrilled to see this partnership extending to @Firelightfi . Lets add cover protection to those @veda_labs vaults https://t.co/2xlEaXMVNZ

6 more accounts posted about this

Social-monitoring data, not investment advice Elfa post text from Xas of

Explore the topic

Loading related coverage…

Explore the full feed

Comments

Loading comments…