For Stakers
This section is for stakers: anyone staking stXRP into the Firelight protocol to back coverage and earn protocol emissions.
Staking is permissionless, anyone can stake FXRP. (Enabling cover, by contrast, is permissioned to institutions in the MVP.)
What you'll find here
Staking Overview explains what staking FXRP does and what you receive in return.
Emission Mechanics base rate emissions, protocol-related rewards and how Firelight Points fit in.
Risk and Exposure describes what a staker is backing, how slashing works, and how staked capital converts into coverage capacity and leverage.
Deployments and Withdrawals walks through activation, the unstaking cooldown, and the exit flow.
What to know before staking
Once coverage is live on mainnet, all staked capital in the vault backs coverage and is slashable. Slashing only occurs if a validated claim exhausts the First-Loss Buffer. Even then it is pro-rata across all positions, and the amount is fixed at the time the slash instruction is generated. In exchange for this exposure, stakers earn protocol-related rewards alongside the underlying stXRP base rate emissions.
Rewards come from two sources:
The underlying stXRP base rate emissions
Protocol-related rewards funded by program operators and protocol emissions
How to participate
Obtain stXRP: stake XRP via FXRP on Flare. The same flow Firelight launched with in Phase 1 (see Deployments and Withdrawals for the prerequisites).
Stake FXRP into the Firelight protocol through the protocol interface.
Once the deployment clears screening and becomes active, rewards begin accruing.
To exit, initiate a withdrawal; your capital is released at the end of the unstaking period, then you claim.
Additional assets beyond stXRP are on the roadmap for future versions.
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