Follow UsFirelight raises $8 million, expands beyond XRP as it aims to make DeFi less scary for fintechs
Bullish-26.17%
1 Sep, 13:56
Source: CoinDesk
AI Summary
Firelight raised $8 million to expand its DeFi hack protection protocol, enabling XRP, Bitcoin, and Stellar holders to earn yield by backing insurance coverage for fintechs and investors.
The protocol aims to give fintechs and investors a faster way to recover losses from DeFi hacks, while letting XRP, bitcoin and XLM holders earn yield by backing that protection.