Stakers

Stakers deploy collateral to vaults.

Firelight enables staking for FXRP. Initially, users can deposit FXRP into a Firelight Launch Vault. In return for staking and securing the network, participants receive stXRP, a liquid staking token (LST), and Firelight Points.

Launch Phase

Deposit FXRP into a vault to receive stXRP at the current vault exchange rate. During the initial launch phase, the exchange rate is 1:1 for stXRP. The stXRP token represents a user’s staked position while preserving liquidity across the Flare DeFi ecosystem.

Acquire FXRP through the FAssets by bridging from the XRP Ledger (XRPL) or by purchasing it via supported decentralized exchanges on the Flare Network.

Deposits can be executed through the Firelight Protocol interface by connecting a Flare EVM wallet, specifying the FXRP amount, and signing the transaction. Upon successful execution, stXRP tokens are minted to the user’s wallet address.

Firelight Points

Generate Firelight Points by maintaining stXRP in your wallets or by deploying stXRP into specified DeFi protocols. The system rewards long-term ecosystem participation.