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XRP supports DeFi vault protection as Firelight activates coverage on Flare blockchain.

Protocol Fundamentals
08 Oct 2026, 08:30 WIB
Bitcoin
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Bullish
XRP supports DeFi vault protection as Firelight activates coverage on Flare blockchain.

XRP is now backing protection for decentralized finance (DeFi) vaults through Firelight's activation of coverage on the Flare blockchain. This service embeds risk management into investment products like Sentora's USD Protected Vault and Protected RWA Vaults, helping safeguard investors against technical and economic failures such as exploits and oracle attacks. The protection is funded by staking FXRP tokens, with rewards paid from operator fees and losses shared by contributors. This development enhances XRP's financial utility by linking its staking system to live coverage obligations, aiming to increase transparency and security in the growing DeFi market.

XRP trades at Rp25.176 on Pluang as of Oct 08, 2026 12:41 WIB, showing a 4.17% decline in the past day. Despite this drop, XRP maintains a strong market cap of Rp1.591,33 trillion and a high buy interest with 84% of order activity favoring purchases. This trading activity provides context to XRP's expanding role in DeFi vault protection through Firelight's activation on the Flare blockchain.

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