# Introducing Firelight

In essence, Firelight is a universal staking layer designed to ignite a new era of DeFi services around non-yield bearing tokens, starting with XRP (XRPFi). Token holders will be able to stake their tokens into Firelight and turn their idle XRP into on-chain DeFi coverage that brings claim-paying abilities to DeFi. Therefore, stakers earn rewards for underwriting DeFi cover. For more details, head to the litepaper. 

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