Core Features

An overview of Firelight vaults and Liquid Staking Tokens (LSTs).

Core components that play an integral part in Firelight:

1. Vaults are smart contracts that manage staked FXRP, and mint liquid staking tokens. They follow the ERC-4626 standard and are fully backed by the underlying asset deposited into the vault.

2. Liquid Staking Tokens (stXRP) are ERC-20 tokens representing staked positions. They remain fully transferable and DeFi-compatible while accruing value through exchange rate adjustments.

These components form a staking ecosystem where XRP holders may earn protocol rewards without sacrificing liquidity.