Launch Timeline

The following outlines the launch timeline and the key milestones in each phase.

The launch will roll out in several key phases, as outlined below.

Public Preview and Early-Access Registration

The first 3,000 users to join the waitlist receive a 1.1x multiplier on their foundational Firelight Points.
Join the waitlist to earn FlameBearer status and exclusive access to Alpha-Lab.

Phase 1 — LIVE

The initial launch will feature a Firelight Launch Vault.
During this phase, only FXRP deposits will be accepted. Users can bridge XRP to the Flare Network via FAssets, minting FXRP — a trust-minimized, XRP-pegged asset.
Once FXRP is staked on Firelight, users receive stXRP, a Liquid Staking Token (LST) that represents their proportional allocation in the Launch Vault. stXRP is issued at a 1:1 exchange rate with FXRP deposits.
There are zero slashing risks during this introductory period, ensuring a secure environment for early adopters.

Phase 2: Feature-Complete Launch — LIVE

Tokens deployed on Firelight support protocol coverage. Holders stake assets through a DeFi cover staking layer, where funds are programmatically secured in non-custodial DeFi cover vaults.
DeFi cover policies are registered on-chain, allowing third parties to securely purchase coverage through an agent.
Protocols can integrate on Firelight and offer on-chain coverage for technical events and economic events with clear triggers and attestations.
Firelight covers smart contract risk, economic risk, oracle risk, and bridge risk.

Last updated 4 days ago