Initial Launch

Key details about the initial launch of the protocol.

The initial launch will feature a single 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.