Emission Mechanics
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Stakers earn from two sources: the base rate emissions on stXRP, and protocol-related rewards funded by program operator premiums and protocol emissions. This page explains how each accrues and how Firelight Points fit in.
Base rate emissions
The native staking rate on stXRP from coverage premiums
Accrues into the vault, raising the position's redemption value
Protocol-related rewards
Rewards funded by program operator premiums and protocol emission boosts
Protocol emission boosts are distributed outside of the vault to directly to stakers
Settled premiums stream into the vault on a regular cadence rather than as a single period-end distribution, so a deployment made mid-period begins earning shortly after deployment. Premiums are converted into the vault's collateral asset and compound into the redemption value.
In addition to auto-compounding coverage premiums, stakers can receive emission boosts for participation. Protocol-related rewards are claimable rather than auto-compounded.
Firelight Points carry over from Phase 1 into the coverage phase. They accrue based on the amount staked and the time held, and run alongside the base rate emissions and other rewards above as a loyalty and engagement measure. They are not a claim on premiums. The points calculation follows the Phase 1 mechanics, applied to stXRP from staking FXRP in the coverage vault.
Stake FXRP and receive stXRP as a vault position.
The position's redemption value rises continuously as base rate emissions accumulate.
Firelight Points accrue based on amount and duration staked.
To exit, initiate a withdrawal, wait for the cooldown, then claim the underlying.
Risk and Exposure covers the other side of the return profile, plus capacity and leverage.
Deployments and Withdrawals covers what accrues during an active position.
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