XRP Gains New Role in DeFi with Firelight’s Vault Protection
- Staked FXRP backs Sentora’s new products, offering built-in safeguards against failures.
- Firelight reported a significant rise in curated vault assets by 39% annually and a near tripling of oracle attacks this year.
- The protocol covers only 0.14% of the $88.3 billion locked in DeFi, indicating a gap in loss funding.
- Five independent firms validate claims before payouts, ensuring rigorous checks on eligible incidents.
Sentora’s integration of Firelight’s protection into its USD Protected Vault and RWA Vaults marks a pivotal shift in decentralized finance security measures, addressing the increased risk from oracle attacks and other vulnerabilities.
With only a small fraction of DeFi assets covered, this initiative highlights the need for more comprehensive protection as onchain capital grows rapidly.
