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This section introduces the concepts that underpin Firelight Coverage: the risk framework, the specific risks covered, how time is structured around periods, and how the vault holds and deploys capital.
Risk Pricing Framework describes, at a high level, how Firelight monitors a set of risk components in real time to produce a risk view for every coverage market.
Coverage Types lists the technical and economic risk categories that coverage addresses and flags what is excluded.
Periods and Coverage Cycles explains the 30-day coverage period and how capacity, pricing, and renewals align to period boundaries.
Vault Architecture covers the stXRP vault that holds staked collateral and how it backs coverage.
These concepts appear throughout the program operator and capital-provider sections. A program operator reading Pricing will encounter the risk framework again. A capital provider reading Risk and Exposure will see period mechanics in action. Starting here gives both audiences the shared vocabulary the rest of the docs assume.
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