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Firelight converts Kraken USDC vault fees into value for XRP stakers via a shared collateral pool.

Protocol Fundamentals
19 Oct 2026
Tokenpost
View Source
Bullish
Firelight converts Kraken USDC vault fees into value for XRP stakers via a shared collateral pool.

Firelight’s coverage program now converts fees from a Kraken-linked USDC vault into FXRP tokens for XRP stakers, whose pooled collateral supports all active covered vaults. This setup allows fees paid by vault depositors to increase the value of stakers’ positions, while shared collateral absorbs validated claims from technical failures. The program began including Kraken’s vault on Oct. 15, adding to two other Sentora vaults covered since Oct. 6. Withdrawals from the staking pool have a 30-60 day delay, and payouts are capped per depositor per 30-day period, excluding ordinary asset price losses but covering specific technical risks.

XRP holds a market cap of Rp1.478,06 trillion on Pluang as of Oct 19, 2026 19:32 WIB, with a 24-hour trading volume of Rp31,57 trillion. The token’s price is Rp23.594, up 1.37% in the past day, while order activity is nearly balanced at 49% Sell and 51% Buy. Typical holders keep XRP for about 72 days on the platform, reflecting steady interest as the Kraken Vault fee-sharing model involving XRP stakers develops.

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