> For the complete documentation index, see [llms.txt](https://docs.firelight.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.firelight.finance/core-concepts.md).

# Core Concepts

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.

### What you'll find here

* [Risk Pricing Framework](/core-concepts/risk-pricing-framework.md) 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](/core-concepts/coverage-types.md) lists the technical and economic risk categories that coverage addresses and flags what is excluded.
* [Periods and Coverage Cycles](/core-concepts/periods-and-coverage-cycles.md) explains the 30-day coverage period and how capacity, pricing, and renewals align to period boundaries.
* [Vault Architecture](/core-concepts/vault-architecture.md) covers the stXRP vault that holds staked collateral and how it backs coverage.

### How this section connects to the rest

These concepts appear throughout the program operator and capital-provider sections. A program operator reading [Pricing](/for-program-operators/pricing.md) will encounter the risk framework again. A capital provider reading [Risk and Exposure](/for-stakers/risk-and-exposure.md) will see period mechanics in action. Starting here gives both audiences the shared vocabulary the rest of the docs assume.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.firelight.finance/core-concepts.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.